Principal IRP Analyst Economist (Fiec11) 2024-01000

Description and Functions

Open Until Filled

GENERAL DESCRIPTION:

Beginning July 1, 2024. As the principal integrated resource plan analyst,this position conducts expert-level mathematics,modeling, statistics, analytical,economic,and financial research of resource planning by considering the most recent resource costs,load forecast,regulatory constraints,and market information,develops reports,formulates plans,and advises and makes recommendations to the Commissioners on the effect of utility multi-year resource plans on the state of Wyoming, utilities, and ratepayers in the state.This positionwillparticipate in utility-integrated resource plan issues through utility technical conferences,collecting data,and representing Wyoming interests in multi-state stakeholder meetings,using economic,forecasting,optimization, and cost modeling to provide written comments and recommendations on utility-integrated resource plans before the commission and in the interim,conduct analysis of policy and generation,transmission,distribution,storage, market,system reliability, and demand side management issues.This position formulates and derives complex information and analysis about utility-integrated resource plans into reports, providing recommendations to Commissioners in utility-integrated resource plan cases and other utility cases.This position navigates complex policy considerations among the varied andoften conflicting positions and economic interests.Work with other state Commission staff members intechnical forums to develop models and research related to the potential economic effects on Wyoming,utilities, and ratepayers. Works as the principal analyst on complex cases.Develop complex economic, accounting,and statistical models and utilize techniques to derive recommendations to the Commissioners in utility matters. Conduct and interpret original research and interpret data to derive technicalrecommendations regarding complex issues in the areas of accounting,finance,economics, statistics,coststructures, derivation of rate design,etc. Participates in and cross-examines witnesses to aid in the development of the record in contested hearings.Determines accuracy and integrity of financial statementsand other analyses; composes complex technical reports to advise the Commission in cases and projects toensure it has the best available data on which decisions are made.

Human Resource Contact: Serenity Moffett / serenity.moffett@wyo.gov / 307-777-6243

ESSENTIAL FUNCTIONS: The listed functions are illustrative only and are not intended to describe every function which may be performed at the job level.

• This position participates in complex utility integrated resource plan activities and cases, develops and presents comments, and position statements consistent with Wyoming policy and interests.

• Monitors, participates, investigates, researches, and analyzes developments and trends affecting integrated resource plans.

• Develops and delivers recommendations to the Commissioners regarding research and analysis priorities, strategic direction, observed and potential effects on Wyoming utilities and ratepayers, along with relevant externalities related to utility integrated resource plan issues.

• Acts as an economic subject matter expert in technical sessions regarding utility-integrated resource plans

• Navigates complex policy considerations among the varied and often conflicting positions and economic interests. Conducts economic research and modeling, prepares reports, and formulates plans using econometric and sampling techniques to assist the Commission in utility-integrated resource plan cases.

• Recommends research methodologies to produce and deliver reports and studies in a variety of formats. Advances Wyoming's interests by participating in technical forums regarding utility-integrated resource plans.

• Works with other state Commission staff members in technical forums to develop models and research related to the potential economic effects on Wyoming, utilities, and ratepayers. Works with other state agencies as needed. Consults with public and private stakeholders regarding proposed statistical analytical research projects related to utility integrated resource plans issues. Develops statistical and economic models for technical reporting, special studies, and research.

• Consults with Commissioners regarding the implications of research results and data and provide recommendations regarding methodologies, research, and policies.

• Reviews and monitors regional and national organizations' research and other publications and evaluates the implications for Wyoming through written and oral products.

• Interprets agency rules, state and federal statutes, and regional organization rules.

• Participates in hearings, examining witnesses to aid in the development of the record in contested hearings.

• Uses subject matter expert knowledge of mathematical, economic, and statistical theory as well as regulatory experience to review, derive, evaluate, conduct, and interpret independent analysis, and original advanced research of complex utility applications and develop recommendations regarding accounting, finance, economics, statistics, cost structures, and rate design.

Qualifications

KNOWLEDGE:

• Knowledge of mathematical, economic, and statistical theory.

• Knowledge of agency rules, and state and federal electricity statutes, and general knowledge of energy policy.

• Extensive skill in written and oral communications.

• Ability to plan work, prioritize assignments, and meet deadlines.

• Ability to develop creative/innovative solutions.

• Ability to take initiative and make decisions and recommendations based on informed judgment.

• Skilled in statistical, mathematical, and economic analysis.

• Skill in interpreting, evaluating, and analyzing utility financial and economic information and regulatory concepts.

• Knowledge of general financial and economic principles.

• Ability to quickly assimilate new concepts and information.

• The ability to communicate and negotiate with individuals and organizations with diverse policies and goals

MINIMUM QUALIFICATIONS:

Education:

Bachelor's Degree (typically in Finance)

Experience:

2-3 years of progressive work experience (typically in Finance) with acquired knowledge at the level of an Economic Analyst

OR

Education & ExperienceSubstitution:

4-7 years of progressive work experience (typically in Finance) with acquired knowledge at the level of an Economic Analyst

Certificates, Licenses, Registrations:

None

Necessary Special Requirements

PHYSICAL WORKING CONDITIONS:

• This position is in an office setting with frequent travel.

NOTES:

• FLSA: Exempt

Supplemental Information

Click here to view the State of Wyoming Classification and Pay Structure.

URL: http://agency.governmentjobs.com/wyoming/default.cfm

The State of Wyoming is an Equal Opportunity Employer and actively supports the ADA and reasonably accommodates qualified applicants with disabilities.

Class Specifications are subject to change, please refer to the A & I HRD Website to ensure that you have the most recent version.