Pacific Gas & Electric Company Electric Settlements Analyst in San Francisco, California

Requisition ID # 12833

Job Category : Accounting / Finance; Energy Services / Trading

Job Level : Individual Contributor

Business Unit: Strategy and Policy

Job Location : San Francisco


Based in San Francisco, Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States.And we deliver some of the nation's cleanest energy to our customers in Northern and Central California. For PG&E, Together, Building a Better California is not just a slogan.It's the very core of our mission and the scale by which we measure our success. We know that the nearly 16 million people who do business with our company count on our more than 24,000 employees for far more than the delivery of utility services.They, along with every citizen of the state we call home, also expect PG&E to help improve their quality of life, the economic vitality of their communities, and the prospect for a better future fueled by clean, safe, reliable and affordable energy.

Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color,national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic informationor any other factor that is not related to the job.

Department Overview

We recognize that our employees are the backbone of our success. It's the mix of talent, skill, enthusiasm, drive and team spirit that empowers our employees to deliver your energy, today and tomorrow. This is your opportunity to join our team and make your contributions in an industry that is rapidly changing.

The Energy Policy and Procurement organization manages electric and gas procurement to ensure reliable supply (e.g. meet the gas and electric needs of our customers 24 hours a day), reduce customer costs and price risk, minimize shareholder risk, and support environmentally preferred resources. Electric Settlements (ES) is a group within the Energy Policy and Procurement Organization that is responsible for settling contracts with over 350 counter-parties. Contracts include physical energy (e.g., conventional generation, renewable, & Qualifying Facilities), gas, transmission, and financial (e.g., options and hedging) types. In addition to interfacing with external counter-parties, ES partners with a number of organizations internal to PG&E, including Energy Supply, Legal, Accounting, and Banking & Money Management.

Position Summary

Performs operations related to the settling, accounting, and reporting of all electric and gas supply contracts. Meets all Sarbanes-Oxley (SOX) auditing requirements. Responds to and develops data requests in regulatory and legislative proceedings. Submits Settlement Quality Meter Data (SQMD) for Grid and Retail ISO settlements. Collects automated meter data on a daily basis, performs quality assurance, provides analysis, troubleshoots, takes corrective action(s), and documents processes and procedures. Coordinates quarterly and annual testing and audits.

Job Responsibilities

Electric Contract Settlements (50%)

  • Manage a number of Bilateral and RPS energy contracts and ensure all activities are in compliance with contract provisions.

  • Perform invoice validation including processing of statements for payables and creating invoices for receivables.

  • Interact with counterparties on settlement related issues, Electric Trading on scheduling and dispatch issues, Contract Management on contract interpretation issues, and Legal on potential dispute issues.

  • Perform qualitative and quantitative analysis on contract data as necessary.

Reporting and Compliance (20%)

  • Track costs and volumes related to assigned contracts for financial reporting purposes.

  • Work with others in the organization and external departments (e.g., Corporate Accounting, Law, Revenue Requirements, etc.) to properly categorize costs for recovery.

  • Work within the existing control structure to meet all Sarbanes-Oxley (SOX), internal and external auditing requirements. Ensure that all activities and documentation are in compliance.

  • On an as-needed basis, serve as witness and/or witness assistant, respond to data requests and develop data requests for submittal in regulatory and legislative proceedings.

  • Work with Contract Management, Revenue Requirements, and Corporate Accounting as needed for proper reporting of new procurement activities.

New Contract Implementation (15%)

  • Support Senior Analysts to design and implement settlement and billing processes for new procurement activities including but not limited to: short, mid, and long-term contracts resulting from PG&E Requests For Offers (RFOs) and Renewables contracts.

  • Work closely with Contract Management on implementation issues and participate in contract negotiations representing settlements as needed.

  • Create settlement template spreadsheets or database tools required for performing invoice validation and/or invoice/statement creation.

  • Document processes and create desktop procedures as part of the implementation process.

Process Improvement/Projects (15%)

  • Assist Senior Settlements Analyst on providing business advice related to the application and enhancement of the database system that supports the reconciliation of electric and gas costs.

  • Implement improvements and process automation for invoice estimation.

  • Collaborate with other groups in the Energy Procurement organization and Information Systems Technology Services (ISTS) as needed.

  • Work on cross-functional goal teams to accomplish department goals.



  • BA/BS in Business, Math, Finance, Economics, Accounting, Engineering or related quantitative discipline.

  • Requires a minimum of one year of relevant work experience

  • Attention to detail/high level of organization

  • Business/Financial Acumen

  • Strong communication skills (written and oral)

  • Skilled in use of MS Word, Excel, PowerPoint.

  • Excellent analytical skills.


  • Understanding of Energy Procurement business

  • Understanding of Electric Settlements business

  • Some LEAN, Six Sigma or other process improvement training