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Cleco Director - Regulatory Strategy in Pineville, Louisiana

Depending on the volume of applications, this position may close to external applicants before the job posting end date expires.

Cleco is looking for a Director – Regulatory Strategy who has deep and extensive knowledge of and vast experience with rates and regulatory principles, practices, concepts, and theories. The successful candidate will be responsible for the development, implementation, and execution of the Company’s regulatory strategy.

Overall Purpose

This role develops and manages department’s rates and regulatory skills and capabilities to successfully achieve corporate strategic goals. Coordinates the development and implementation of corporate regulatory pricing and related strategies to optimize earnings capability and revenue growth. Ensures the accurate preparation and the timely filing of regulatory reports. Assists in developing a wider understanding of regulatory accounting and rate-making concepts throughout the Company.

Key Responsibilities

  • Manage, develop and coordinate the strategy around the aspects of all filed regulatory dockets (including rate cases, plant retirements, securitization, cost recovery, etc.)

  • Direct the development of revenue requirements, cost of service studies, load research, revenue allocation, and rate design

  • Develop, manage and coordinate rate case strategy, testimony development, and interrogatory response development

  • Lead and/or organize ongoing discussions which lead to settlement

  • Builds connections with internal and external stakeholders to drive success for their function, ensuring agile approach to their function is being executed in accordance to serve market trends and achieve customer centricity

  • Manage fuel clause filings and associated audits

  • Manage all aspects of rate case analytics

  • Oversee the development of the sales and revenue forecast and the monthly, quarterly and year to date variance analysis

  • Responsible for the performance and development of managers and high-level technical employees within their function, enabling them to deliver excellent operational performance with a customer-centric approach

  • Develop solid business relationships becoming a trusted advisor with key functional leaders and stakeholders to proactively support business objectives both within their function

  • Responsible for leading all project teams to achieve their function's targets through highly complex objectives, milestones, obstacles and priorities while focusing delivering on 3-5 year plans aligned with Cleco’s vision

  • Must interact and present regulatory data and information to the executive team and the board

  • Champions a corporate culture that emphasizes transparency, integrity, safety, environmental responsibility, employee development, diversity and inclusion, customer service, and operational excellence

Qualifications

Education/Experience required:

  • Bachelor’s degree in Accounting, Business, Engineering, Economics or Finance

  • 10+ years of related experience (including significant participation in at least 15 regulatory proceedings, of which approximately 5 years have been focused on applications for changes in total and/or incremental base revenue requirements)

  • 5+ years people management experience Possesses in-depth knowledge in Public Utility Rate-making including that of existing rate plans' impact on operating company financial statements and rate-making design

  • Experienced in and able to lead key employees across projects towards a common vision

Competencies

Action oriented

Business Insight

Ensures accountability

Interpersonal savvy

Manages complexity

Cleco Corporate Holdings LLC is a regional energy holding company that conducts its business operations through two subsidiaries, Cleco Power and Cleco Cajun. Headquartered in Pineville, Louisiana, and in business since 1935, the company has almost 1,500 employees.

Cleco Power

Cleco Power is a regulated electric public utility that owns 10 generating units with a rated capacity of 3,360 megawatts, 1,335 miles of transmission lines and 12,152 miles of distribution lines. Cleco Power uses multiple generating sources and multiple fuels to serve approximately 290,000 customers in 24 of Louisiana's parishes through its retail business and supplies wholesale power in Louisiana and Mississippi. Parishes served include Acadia, Allen, Avoyelles, Beauregard, Calcasieu, Catahoula, DeSoto, Evangeline, Grant, Iberia, Jefferson Davis, LaSalle, Natchitoches, Rapides, Red River, Sabine, St. Landry, St. Martin, St. Mary, St. Tammany, Tangipahoa, Vermilion, Vernon and Washington.

Cleco Cajun

Cleco Cajun is an unregulated utility company that owns 14 generating units with a rated capacity of 3,379 MWs and wholesale contracts serving nine Louisiana cooperatives, three wholesale municipal customers and one electric utility.

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