Puget Sound Energy is looking to grow our community with top talented individuals like you!  With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.

 

PSE's Energy Supply Merchant team is looking for qualified candidates to fill an open Consulting Energy Trader position!

Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

Job Description

Manages short- to long-term power and core gas portfolios for PSE including real-time, day-ahead, balance-of-month, monthly positions and option structures out through the tenure of PSE’s portfolio hedging programs. Makes independent economic decisions, executes wholesale commodity natural gas and power purchases and sales transactions, and acquires or releases transmission and/or gas transportation to balance  PSE’s energy portfolios. Optimizes a diverse set of customer assets which include: commercial agreements, natural gas storage, natural gas transport, electric transmission contracts and an electric generation fleet consisting of hydro, coal, wind, and natural gas fired generation.  Assists in the development and execution of power and core gas portfolio hedging strategies, and manages wholesale commodity portfolios within the context of market fundamentals, supply dynamics, regional events, and changing retail loads.

 

Upholds the safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.

 

Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct.  Ensures duties are performed in accordance with all regulatory compliance obligations.

Job Responsibilities Develops, recommends and oversees the execution of strategies to acquire sufficient and cost-effective supplies of wholesale energy commodities to reliably serve load and contractual commitments meeting all compliance and reliability requirements inherent to a FERC jurisdictional gas and electric utility. Provides operational guidance with respect to state and federal regulatory impacts to Trade Floor operations and helps coordinate compliance with all applicable FERC orders, NERC, WECC, and other applicable reliability standards, and transmission tariffs and business practices. Performs fundamental and technical analysis of regional power, and regional & national natural gas markets to efficiently optimize company assets and reduce company risk through the execution of hedging strategies as approved  by management. Recommends and implements hedge execution strategies in power and natural gas markets (physical and financial hedges as well as options and exchanges). Coordinates energy delivery and supply efforts with Energy Supply, Risk Management, Load Office, and Gas Control. Reviews and prices structured proposals offered by counter-parties. Independently manages PSE’s forward probabilistic power and natural gas positions consistent with approved hedging strategies and exposure limits. Functions as a subject matter expert and is intimately familiar with all of the details surrounding the assets and contracts in the portfolio. Performs complex analysis on an ad hoc basis to support management in strategic portfolio decisions. Drafts rate cast testimony and responds to data requests as necessary to support rate case requirements and outside stakeholder data requests. Leads, mentors and assists in the development of Power and Gas Supply Operations staff. Develops and implements Power & Gas Supply Operations policies and procedures as necessary to maintain reliable, compliant, and economic operations. Analyzes PSE’s commodity positions and makes recommendations on optimizing the value of PSE’s assets. Collaborates with long-term resource and planning groups inside PSE to review asset acquisitions. Works with credit and contracts departments to establish new trading partnerships and opportunities. Keeps abreast of current industry market trends and developments and updates management of any relevant changes. Provides guidance and direction with respect to the management of PSE’s short-term deterministic position.  Independently represents PSE in regional and national organizations and forums including technical committees, work groups, etc., on industry related initiatives. Performs other duties as assigned. Minimum Qualifications Bachelor’s degree with a technical or commercial focus from an accredited college or university, or equivalent experience. 8 years experience in energy trading, derivatives, marketing or bulk electric and gas system management. Proven record of accomplishment in power and/or natural gas trading including experience with gas storage optimization, physical/financial gas trading fundamentals, physical/financial power trading dynamics including power generation characteristics of hydro, coal, wind and gas fired generation. Advance knowledge of financial and accounting principals and working knowledge of WSPP, ISDA, GISB and NAESB agreements. Strong written and verbal communication skills, and an ability to interact at all levels of the corporation. Experience in west-coast energy markets, and specific knowledge of Pacific Northwest regional issues. Desired Qualifications Self-starter with the ability to work effectively without direct supervision in a fast paced, multi-tasking team environment. Advanced spreadsheet and database computer skills. Strong problem solving, analytical and conflict resolution skills. Able to effectively present analysis in a public forum. Additional Information

At PSE we value and respect our employees and provide them opportunities to excel. We offer a competitive compensation and rewards package.

 

The pay range for this position is $133,800.00 - $222,700.00, and this position is eligible for annual goals based incentive bonuses. 

 

PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance.  There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP).  For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan.  Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year. Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com). 

 

Families and businesses depend on PSE to provide the energy they need to pursue their dreams. Our steadfast commitment to serving Washington communities with safe, dependable and efficient energy started in 1873. Today we're building the Northwest's energy future through efforts like our award winning energy efficiency programs and our leadership in renewable energy. 

 

Puget Sound Energy is committed to providing equal employment opportunity to all qualified applicants. We do not discriminate on the basis of race, color, religion, sex, national origin, age, sexual orientation, gender identity, marital status, veteran status or presence of a disability that with or without reasonable accommodation does not prevent performance of the essential functions of the job, or any other category prohibited by local, state or federal law.

 

Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the Human Resources Staffing department at jobs@pse.com or 425-462-3017.