Job Posting End Date
08-14-2024
Please note the job posting will close on the day before the posting end date
Job Summary
This role is responsible for the acquisition and development of generation and storage components of the Integrated Resource Plan. Other responsibilities include the development and execution of operating company strategies and asset investment opportunities. Provides AEP Regulated Operating Companies and their customers with value added asset solutions utilizing renewables, storage, natural gas and emerging technologies. Enhance company value through implementing processes, coordinating multi-disciplinary groups (e.g., engineering, projects, regulatory, legal, accounting, tax, finance, commercial operations, technology) in meeting strategic requirements and goals. Drive execution of AEP’s regulated generation transformation plan.
Job Description
ESSENTIAL JOB FUNCTIONS:
Identify potential existing asset acquisition opportunities through market research and outreach, and undertake efforts necessary to secure such assets through bi-lateral negotiations or participating in competitive solicitations.
Actively lead the engagement of resources necessary to identify, solicit (RFP) and pursue asset investment opportunities including analysis, due diligence, screening and negotiation / execution of definitive asset and power purchase agreements. An extremely important component of this work stream is to lead the coordination with all of AEPSC groups and operating companies.
Participate in the development of each of the regulated operating company’s Integrated Resource Plans (IRP) by providing anything necessary to both achieve AEP’s generation transformation goals and regulatory approval of same.
Working within the outline of the IRP, customer programs and ongoing management goals, develop and structure associated Request for Proposals (RFP) and lead the solicitation process to secure a robust pool of opportunities for the company and its customers.
Serve as Company subject matter expert (SME) by sponsoring written testimony and discovery in regulatory filings and providing oral testimony in hearings.
Facilitate communication and issue resolution between AEP’s corporate departments, external parties and project operations managers.
Consult and advise key stakeholders regarding due diligence, analysis, strategic decisions and regulatory matters.
Assist in the preparation of internal and external presentations. Help plan, set and achieve annual targets for new capital commitment for generation development.
Coordinate evaluation of emerging technologies including commercial and technical screening and incorporate into the resource planning process.
Promote a cooperative working environment with an emphasis on safety, culture, good utility practice and innovation
MINIMUM REQUIREMENTS:
Education: Bachelor’s degree in Business, Economics, or a relevant field preferred.
Experience: Ten years in energy with at least two years’ experience in arranging, developing, and negotiating investment opportunities and power purchase agreements (preferably for renewable energy projects) via due diligence into the technical, operational, finance, tax, and legal aspects of energy assets.
OTHER REQUIREMENTS:
Knowledge and proficiency in Microsoft Office (Word, Excel, Outlook, Power Point). Strong organizational, time management, and finance skills. Proficient in discounted cash flow modeling and the ability to clearly articulate impacts of risks.
Ability to communicate in effective, concise, and persuasive ways.
Ability to work professionally with customers, contractors, and development partners; ability to travel as needed to review development and/or acquisition opportunities.
Compensation Data
Compensation Grade:
SP20-011
Compensation Range:
$152,707.00-198,520.00 USD
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It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all aspects of the employer‐employee relationship including recruiting, hiring, upgrading and promotion, conditions and privileges of employment, company sponsored training programs, educational assistance, social and recreational programs, compensation, benefits, transfers, discipline, layoffs and termination of employment to all employees and applicants without discrimination because of race, color, religion, sex, age, national origin, ethnicity, ancestry, veteran or military status, disability, genetic information, sexual orientation, gender identity, or any other basis prohibited by applicable law. When required by law, we must record certain information to be made part of an Affirmative Action Plan. Applicants for employment may also be invited to participate in the Affirmative Action Program by self-identifying their Race or Ethnic Identity.