Mgr-Rates & Rev Requirements
2 weeks ago
As one of the largest investor-owned utility companies in the United States, PPL Corporation (NYSE: PPL), is committed to creating long-term, sustainable value for our 3.5 million customers, our shareowners and the communities we serve. Our high-performing regulated utilities — PPL Electric Utilities, Louisville Gas and Electric, Kentucky Utilities and Rhode Island Energy — provide an outstanding experience for our customers, consistently ranking among the best utilities in the nation. PPL’s companies are also addressing challenges head-on by investing in new infrastructure and technology that is creating a smarter, more reliable and resilient energy grid. We are committed to doing our part to advance a cleaner energy future and drive innovation that enables us to achieve net-zero carbon emissions by 2050 while maintaining energy reliability and affordability for the customers and communities we serve. PPL is a positive force in the cities and towns where we do business, providing support for programs and organizations that empower the success of future generations by helping to build and maintain strong, diverse communities today.
Overview:
The purpose of the position is to lead the Rates and Revenue Requirements team as it relates to the development of programs, strategies, and analyses that ensure rate compliance, and rate case success for regulated electric and gas business. This position is also responsible for the development and execution of rate-related revenue analysis and reporting, including auditing controls and requirements, and ad-hoc analysis to optimize business planning. The Manager-Rates & Revenue Requirements provides formal supervision to the team members including coaching, counseling, personal development and technical support. In addition to the administrative duties of managing a work group, the Manager also completes individual technical, strategic, and business-related tasks.
Responsibilities:
Oversee the planning and management of assigned projects from development to execution, including, but not limited to electric and gas rate cases, transmission formula rate filings, cost recovery mechanisms, and other rate-related commission and customer inquiries. This includes rate design and rate administration functions to support corporate revenue and financial performance objectives, including determining revenue and customer effects of new rate structures.
Responsible for all aspects of rate-related analysis, monitoring, reporting and forecasting, including compliance with state and federal regulations pertaining to financial statement preparation, analysis and reporting of a regulated utility monopoly. Must be familiar with GAAP and FERC accounting and reporting and business planning processes.
Ensure quality assurance and quality control for regulatory and financial analyses, calculations, and forecasts.
Provide expert testimony in rate proceedings before state public utility commissions, FERC, and other relevant agencies.
Maintain strong and constructive relationships with regulatory commission staff and internal and external auditors in the execution of regulatory compliance.
Identify, facilitate, and support on-going focus on business objectives by monitoring legislative and regulatory initiatives that impact the electric utility industry and continuously looking for transferrable improvements and efficiencies.
Inform and make recommendations to leadership about initiatives, status, and challenges/opportunities.
Provides supervision to team members including, but not limited to:Assists in the development of career development plans and goals for all team members.
Provides feedback to team members on a regular basis.
Provides coaching and when necessary, creates a development plan for team members not meeting expectations.
Conducts performance evaluations in accordance with company policies.
Take disciplinary/corrective action when necessary involving Human Resources and/or supervisor.
Qualifications:
BA or BS degree in Finance, Accounting, economics, or other business discipline.
At least 7 years of ratemaking, financial, accounting, or business planning experience with at least 7 years’ experience with at least 4 years at a regulated energy company.
Demonstrated proficiency in financial modeling and understanding of financial statements, analysis, research, and problem -solving skills.
Knowledge of financial drivers of a regulated electric transmission and distribution company and/or regulated gas delivery company.
Work well with individuals on all levels of the organization and external parties including regulators, attorneys, auditors, consumer advocacy groups, industry groups, and other special interest groups. Must be able to provide constructive and substantive input to regulatory commission staff in the execution of regulatory compliance and rate case duties.
Experience as an expert witness.
Demonstrated ability to lead financial professionals and cross-functionals teams and build consensus, establish trust, communicate effectively and foster culture change.
Requires proficiency in oral and written communication skills, as demonstrated by the communication of complex technical issues verbally and in writing.
Preferred Qualifications
Master's Degree in business discipline
Experience leading regulatory functions, including internal resources and external expert witnesses.
Regulatory accounting and audit experience.
Business Planning experience.
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