Pacific Gas & Electric Company Senior Portfolio Management Analyst - San Francisco, CA in San Francisco, California

Requisition ID # 16298

Job Category : Business Operations / Strategy; 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

The Portfolio Management group is primarily responsible for managing PG&E's wholesale power portfolio in order to meet the Company's electric load obligations in a reliable and economic manner. This responsibility involves: (1) determining the Company's long-, intermediate-, short-term Resource Adequacy (RA) capacity, energy, Congestion Revenue Rights (CRR) and greenhouse gas (GHG) compliance product needs; (2) developing strategies to meet those needs; (3) transacting in the wholesale electric markets to execute those strategies; (4) amending, modifying, and terminating agreements as necessary to maintain PG&E's power portfolio; (5) complying with sales/procurement and reporting requirements; and (6) supporting the development of energy policy with the objective of implementing such policy at the least cost and ensuring compatibility with the supply/demand portfolio. All employees are responsible for performing their jobs in accordance with PG&E's vision and values and for conducting sales/procurement in accordance with PG&E's Risk Management Policy.

Position Summary

The Senior Analyst position in Portfolio Management is anticipated to support portfolio analysis associated with managing PG&E’s commercial activities involving RA, energy and/or GHG requirements and to provide technical and commercial guidance regarding one or more relevant sales/procurement topics. Commercial activities must be managed to ensure that sales/procurement meets various regulatory requirements at reasonable costs. The position requires ownership of the analyses that guide transaction recommendations, plans, or Portfolio Management processes from start to finish. The position may be required to fulfill other duties as appropriate to any portion of the overall department.

Job Responsibilities

  • Manage PG&E’s changing portfolio needs that will occur over the next 5 years.

  • Develop, execute, and troubleshoot a variety of tasks necessary for accomplishing wholesale power sales/procurement activities including calculating portfolio open positions and sales/procurement planning.

  • Interface with other teams in Portfolio Management and Energy Policy and Procurement to guide capacity, energy and GHG position management.

  • Support tasks such as development of forward electric position, development of sales/procurement plans, or the evaluation of alternatives mitigating PG&E’s risk exposure at the wholesale energy portfolio level.

  • Effectively and persuasively communicate highly complex ideas to diverse audiences using a variety of media.

  • Be a cross-functional lead in the development of new sales/procurement activities.

  • Research and communicate emerging regulatory issues and or policy issues.

  • Develop portfolio management, position tracking and resource valuation tools & analysis.

  • Develop communication tools and reporting processes to leverage Portfolio Management activities within Energy Policy and Procurement.

  • Develop and document existing and new sales/procurement planning and compliance business processes.

  • Communicate highly technical or complex information effectively and persuasively to diverse internal stakeholders.

  • Participate in other elements of the ongoing work of the wider team.



  • Bachelor’s degree with coursework in a business related field, mathematics, engineering or equivalent field of study.

  • Requires a minimum of 3 years of relevant job experience.


  • Advanced degree

  • Knowledge of RA, energy and GHG products and regulations.

  • Actively seek out ways to improve processes, systems, and or procedures to help reduce errors and improve efficiency.

  • Knowledge of the various components of wholesale energy portfolio, electric trading, or power purchase agreements.

  • Demonstrate success regarding the anticipation and resolution of complex issues that sometimes involve senior management and limited information.

  • Experience in preparing work papers before the CPUC and CEC for regulatory filings and testimony.

  • Possess an understanding of areas such as electric utility operations, utility planning, credit and risk management, quantitative analysis, law and regulatory relations, and utility revenue requirement and rate-making and apply such understanding as a lead in one or more of those areas.

  • Ability to present and communicate to internal and external stakeholders.

  • Ability to prioritize, plan, perform and communicate activities both in written and verbal form.

  • Ability to solve complex problems with little guidance and sometimes incomplete information.

  • Demonstrates knowledge of physical and financial gas and electric market fundamentals.

  • Ability to work with an independent mindset, not requiring hands-on supervision for all tasks.

  • Knowledge of utility departments, business units and functions and how their roles interrelate with Portfolio Management.

  • Clearly articulate points and findings in both written and oral communication.

  • Ability to integrate industry knowledge into business practices and decision making.