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Minneapolis, Minnesota, United States
Hybrid
Xcel Energy (NASDAQ: XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar - delivering better service and providing more reliable, resilient, and sustainable energy.
Xcel Energy is a place where you’ll have opportunities to grow, expand your skills, and help lead the clean energy transition. We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you’ll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best.
Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs.
Position Summary
Join Xcel Energy as a Transmission Production Cost Modeling Analyst and play a pivotal role in shaping the future of our electric power system! Prepare and direct economic transmission planning efforts using PROMOD and other tools to serve Xcel Energy's electric power system planning functions serving native customer demand and energy requirements to support regulatory filing, reduce customer costs and meet corporate budgeting requirements. Support the preparation of direct testimony for regulatory proceedings and provide responses to regulatory agencies information requests pertaining to wholesale energy market plans related to the transmission system. Investigate and develop new techniques to improve economic transmission planning processes. Support transmission planning work including evaluation of interregional projects and congestion cost mitigation opportunities.
Essential Responsibilities
Assist in development of energy market forecasts for electric transmission development to support long range plans, regulatory filings, and reduce congestion. Support development of direct testimony for regulatory proceedings. Work with senior modelers to provide responses to regulatory agencies information requests pertaining to wholesale energy market-based plans and modeling of Xcel Energy's transmission system. Direct independent analyses to respond to or support regulatory agencies review of Xcel Energy's transmission system.
Support the develop production cost inputs into transmission modeling for electric system planning purposes. Produce electric system production cost uploads needed within Integrated System Planning. Prepare forecasts of off system impacts to congestion and curtailment.
Work with senior Modelers to perform electric system transmission modeling analyses to independently evaluate activities of Xcel Energy's operating companies, from a Risk Management perspective, pertaining to transmission assets, regional planning processes, competitive transmission development, transmission and environmental issues. Prepare independent evaluations of regional transmission plans, and initiate analysis of existing and new transmission system limitations.
Perform monthly assessment of resource congestion and curtailment. Support responses to regulatory group and state regulatory agencies requests and questions.
Investigate and develop new techniques to improve economic transmission planning processes.
Maintain and verify all input data as necessary for the transmission production cost modeling team. Ensure transmission and generation system data is available to accurately modeled in terms of ratings, flow gates, fuel costs, production capability (heat rates, capacity, VOM, etc.) and contract terms in order to provide accurate analysis of transmission system impacts. Optimize existing and develop new programs to post process output.
Minimum Requirements
Bachelor's of Science or Bachelor's of Arts degree in electrical engineering, economics, mathematics, physics, quantitative analysis, business or a related discipline, or equivalent experience.
At least 5 years of experience in analyzing transmission systems including 3 years of experience in wholesale energy markets using financial tools/production simulation software.
Must have advanced quantitative analysis skills and extensive knowledge in the systems and software required for such analyses.
Preferred Requirements
Experience with Production Cost Modeling software or equivalent.
Advanced skills using spreadsheet and database software.
Extensive knowledge of the performance, operations, and modeling of assets, preferably Xcel Energy's assets.
Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together.
Our Values
Connected, Committed, Trustworthy, Safe
Our Employee Commitments
Xcel Energy provides job applicants reasonable accommodations for disabilities throughout the application process. If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form.
The anticipated starting base pay for this position is: $97,600.00 to $138,600.00 per year
This position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Flexible Spending Account, Health Care Flexible Spending Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave
Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.
In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.
Deadline to Apply: 10/29/26
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Accessibility Statement
Xcel Energy endeavors to make https://www.xcelenergy.com and https://jobs.xcelenergy.com accessible to any and all users. If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form. For any other application related questions, including application follow-ups or technical issues, please use our Recruiting Assistance, Electra, for assistance. Electra can be found in the lower right-hand corner of our Xcel Energy Careers site.
