Senior Regulatory Analyst

Puget Sound Energy
life insurance, paid time off, paid holidays, 401(k), retirement plan
United States, Washington, Bellevue
Feb 28, 2025
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'sRegulatory Affairsteam is looking for qualified candidates to fill anopenSenior Regulatory Analystposition! Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process. Job Description The Senior Regulatory Analyst leads comprehensive regulatory analyses focused on cost of service, rate design, and pricing for electric and natural gas utilities. This role involves preparing and delivering expert testimony in regulatory proceedings, ensuring accurate rate calculations through meticulous review of financial planning and analysis (FP&A) outputs, and collaborating with internal and external stakeholders to develop and implement strategic regulatory policies. The ideal candidate possesses extensive expertise in utility economics, state regulatory frameworks, and pricing methodologies. Some of the assistance involves preparing, collecting, compiling, analyzing, and reporting on technical, demographic, and financial utility data to support and prepare cost of service studies, regulatory reporting, rate setting and pricing, and other fiscal planning. In addition, they provides expert testimony or witness support in regulatory proceedings. 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 Lead the development and execution of regulatory strategies related to cost allocation, rate design, and pricing to support filings and rate cases. Conduct in-depth financial and economic analyses to inform cost of service studies and rate-setting strategies. Monitor and interpret changes in utility regulations, market trends, and policy developments to provide strategic guidance. Prepare and present expert testimony before regulatory bodies, commissions, and other external stakeholders. Assist in negotiations related to rate structures, pricing, and cost recovery mechanisms with agencies, regulators, and other key stakeholders. Collaborate with cross-functional teams, including finance, legal, system planning, and corporate affairs, to align regulatory strategies with company objectives. Develop and present reports comparing financial and regulatory results to senior management and external entities. Review FP&A calculations to ensure rates are accurately inputted and comply with regulatory requirements. Ensure compliance with all applicable regulatory standards and ethical guidelines. Provide mentorship, direction, and training to junior regulatory analysts within the department. Lead and coordinate research and development of rate design and pricing proposals. Provides statistical and analytical support on pricing, rate design and cost allocation to be used in regulatory filings and internal reporting. Participates and provides support for the development of regulatory policy and strategy. Provideswitness support in pricing, rate design and regulatory matters. Works cooperatively with staff from other departments to communicate pending or upcoming regulatory proposals and obtains input from others in aligning regulatory proposals with company objectives. Minimum Qualifications Bachelor's degree in business, accounting, economics, finance, or applicable field or an equivalent combination of education and relevant experience. 5 years of utility experience and a thorough understanding of state regulation of electric and gas utilities. Strong management and communication skills. Proficiency in Microsoft Office tools. Desired Qualifications Master's degree in economics, finance, or business administration (MBA). Professional certifications such as CPA or PE. 8+ years of direct experience in cost of service and rate design for electric/gas utilities. Familiarity with FP&A processes and financial modeling tools. Experience working with regulatory agencies, commissions, and public utilities. Proven experience preparing and delivering testimony in regulatory proceedings. Strong understanding of utility economics, state regulatory policies, and revenue requirements. Excellent analytical, and negotiation skills. Additional Information Please note: this job posting isone of twothat will be used to advertise andfill only one vacancyat the Senior Regulatory Analyst or Regulatory Analyst level depending on the most qualified applicant across the two job openings posted.Only apply to one of the two job openings based on which level best matches your work experience.Job postings involved with this opening are 5290 and 5291. 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$79,200.00-$131,700.00, 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.