Xcel Energy
Provides energy services across multiple states, focusing on clean, reliable, and affordable solutions.
Develop and analyze long-range resource planning models for Xcel Energy.
15 days ago
$82,800 - $135,200
Intermediate (4-7 years), Expert & Leadership (13+ years), Experienced (8-12 years)
Full Time
Denver Metropolitan Area
Office Full-Time
Company Size
14,000 Employees
Service Specialisms
Construction services
Project Management
Consulting
Engineering
Technical Services
Design
Sector Specialisms
Residential
Commercial
Industrial
Utilities
Energy
Infrastructure
Buildings
Government
Role
Description
stochastic simulations
quantitative optimization
cost modeling
policy tracking
resource planning
cross‑functional integration
- Maintain working knowledge of emerging generation technology with the potential for future inclusion in the company's generation portfolio.
- Research new techniques in quantitative optimization for application to resource planning analysis.
- Implement stochastic (Monte Carlo) simulations around areas of significant uncertainty to identify total system costs variance around various generation alternatives.
- Follow developments in major federal and state policies that affect the company's resource plan (i.e. emission regulations and renewable energy standards.
- In conjunction with Risk Management, ensure that the expansion plan and production cost modeling of the utility power systems is accurate and current in terms of fuel costs, production capability (heat rates, capacity, starting and variable operating cost, etc.), contract terms (scheduling flexibility, constraints, availability, etc.).
- ) Interface and work with Forecasting, Risk Management, Trading, Gas Supply, Coal Supply, Transmission Operations and other Xcel groups to incorporate short-term and long-range considerations into the optimal resource plans, including transmission constraints, growth forecasts, fuel and electricity market price risks, etc.
- Produce comprehensive quantitative analysis for executives and regulatory filings. Analysis includes energy production, emission, and capital budget forecasts.
- Develop/run/maintain long range resource planning model. Ensure accuracy of model input assumptions and verify that simulations and optimizations are functioning correctly.
Requirements
energy experience
optimization
bachelor's
5+ years
graduate
forecasting
- Two years of energy industry experience or equivalent experience working with large optimization / forecasting models.
- Bachelor's degree in engineering, finance, economics, operations research, mathematics, business (two years professional experience related experience equivalent to one year of college).
- Bachelor's degree in engineering, finance, economics, operations research, mathematics, business.
- Five or more years related work experience.
- Graduate work in finance, economics, operations research or decision analysis.
Benefits
Information not given or found
Training + Development
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Interview process
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Visa Sponsorship
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Security clearance
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Company
Overview
1909
Year Established
The company has a history spanning over a century, demonstrating its long-standing presence in the energy sector.
- hidden炳 Renewable energy solutions, including wind and solar power.
- hidden炳 Reducing carbon emissions and increasing clean energy generation.
- hidden炳 Large-scale renewable projects like the Rush Creek Wind Project in Colorado.
- hidden炳 Service offerings cover residential, commercial, and industrial energy needs with an emphasis on sustainability.
- hidden炳 Leader in energy efficiency programs, helping customers reduce consumption and costs.
- hidden炳 Innovates in the energy sector, balancing economic and environmental goals.
Culture + Values
90% Reduction
CO2 Emissions
Achieved a significant reduction in carbon dioxide emissions through sustainable practices and energy efficiency initiatives.
20 Hours
Employee Training
Provides employees with 20 hours of annual training focused on professional development and personal growth opportunities.
- Fosters a culture of innovation and creativity.
- Encourages open communication and collaboration.
- Values diversity and inclusion within the workplace.
- Supports community engagement and corporate social responsibility.
Environment + Sustainability
57% reduction
Carbon emissions from electricity
Achieved a 57% reduction in carbon emissions from 2005 levels as of early 2025.
1.5 million EVs
Electric vehicles enabled by 2030
Plans to enable 1.5 million electric vehicles by 2030 as part of broader sustainability goals.
$45 billion investment
In renewable energy projects
Investing $45 billion in generation, transmission, and other clean energy projects over five years (2024–2029).
54% carbon-free energy
In 2023
Achieved a 54% share of carbon-free energy in 2023, contributing to long-term sustainability goals.
- Plans for zero-carbon fleet and enhanced EV charging infrastructure by 2030/2035 include enabling 1.5 million electric vehicles and achieving $1/gallon equivalent fuel savings for customers.
- Investing in 4,000 MW+ of new wind and solar capacity by 2032, with all coal plants retiring by 2030 and nuclear energy extended until 2040.
- Developing battery storage technologies, such as a 10 MW iron-air battery, and piloting innovative solutions like hydrogen, RNG, heat pumps, and smart water heaters.
- Built a network of ~750 high-speed public EV charging stations in Minnesota and Wisconsin by 2026, alongside a home charger installation program to support widespread EV adoption.