Commercial Analyst (Charleston, WV, or Columbus, OH)
American Electric Power
Manage fuel procurement, contracts, and transportation for AEP’s regulated power plants.
14 days ago ago
$73,000 - $106,000
Intermediate (4-7 years), Junior (1-3 years)
Full Time
Charleston, WV
Onsite
Company Size
17,000 Employees
Service Specialisms
Electric power generation
Electric transmission
Electric distribution
Site selection
Economic development
Grid reliability
Transmission upgrades
Infrastructure investment
Sector Specialisms
Energy
Infrastructure
Commercial
Residential
Renewable Energy
Solar
Wind
Grid Solutions
Role
What you would be doing
fuel nomination
data management
market analysis
contract negotiation
supplier relations
cost reporting
- Maintain a thorough knowledge of the transporters serving the regulated operating companies' generating plants and associated contractual agreements/tariffs, including contract obligations, receipt points, delivery points, transport commodity rates, fuel retainage/surcharges, allocations, etc.
- Actively participate in the marketplace, staying abreast of market pricing trends, Fuel contracting methods, supply availability, available transportation connections/alternatives and potential operational constraints.
- Prepare Fuel testimony schedules and work papers to support fuel/environmental cost recovery and related regulatory proceedings, including responses to data requests from regulatory agencies and other internal and external entities.
- Closely coordinate with Production Optimization, Day Ahead Operations, Generation Dispatch and power plant employees to understand Fuel requirements and to develop and provide cost information for each unit.
- Perform timely and accurate Fuel supply nominations on various web-based nomination/scheduling systems in accordance with the transporter's operating procedures and deadlines.
- Enter and ensure the integrity of the data records in the internal IT systems (ComTrac, FuelWorks, Position Manager, Consumables Management, etc.).
- Identify Fuel needs for AEP's regulated generating units and assist in the development of procurement plans for a reliable, flexible and competitively priced supply and transportation portfolio.
- Provide updates to appropriate AEP personnel regarding Fuel supply and transportation operating conditions and maintenance. The update will provide detailed information as to how the operating conditions will impact the receipt and delivery of Fuel.
- Develop and maintain effective relationships with Fuel suppliers and transporters to provide low-cost, reliable Fuel arrangements with appropriate flexibility for AEP's regulated generating fleet.
- Market excess Fuel, terminal and railcar capacity and Coal Combustion By-Products.
- Maintain an awareness of legal, accounting, regulatory/governmental issues and/or initiatives that may impact Fuel supply and transportation arrangements. Recommend contract pricing provisions and amendments, when necessary.
- Support other AEP business units with routine Fuel cost reporting; special projects and analysis support; Sarbanes-Oxley compliance testing; internal and external audit coordination; and other duties as assigned and appropriate.
- Fuel Buyer will assist in the development of procurement strategies, support negotiations and preparation of analysis and presentations for senior level evaluation and consideration.
- Coordinate with regulatory, environmental, generation, contract administration, plant personnel, settlements, accounting and confirmations to appropriately resolve all Fuel issues.
- Closely monitor and manage Fuel deliveries, inventory, imbalance/demurrage positions, railcar leases and maintenance, etc. consistent with short and long-term strategies, ensuring asset optimization and appropriate performance by counterparties.
- Negotiate contracts with counter-parties and actively manage the Fuel portfolios of AEP's regulated operating companies to maintain a reliable, diverse and flexible Fuel supply at the lowest, reasonable delivered cost, while ensuring compliance with contractual terms and conditions.
What you bring
24/7
fuel procurement
stakeholder communication
- Must be available 24/7, including weekends and holidays if called upon to procure and schedule Fuel supplies.
- Ability to communicate ideas and recommendations to key stakeholders ensuring coordinated solutions across Regulated Commercial Operations.
Information not given or found
Training + DevelopmentInformation not given or found
Interview process
Information not given or found
Visa SponsorshipInformation not given or found
Security clearanceInformation not given or found
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Company
Overview
- Powers millions across the United States with a vast electric transmission and distribution network.
- Has been a leader in the transformation of the energy sector for over a century.
- Focuses on reliable power generation, cutting-edge energy solutions, and a growing commitment to renewables.
- Operates one of the largest electricity transmission networks in the U.S., delivering energy to homes, businesses, and industries.
- Has a legacy of pioneering innovative technologies and projects to improve grid reliability and energy efficiency.
- Is expanding its footprint in the renewable energy sector, including solar and wind power projects that are helping shape the future of energy.
- Undertakes large-scale projects such as major power plant construction, infrastructure upgrades, and renewable energy installations, supporting both industrial and residential clients.
- Is dedicated to sustainable energy and modernizing grid infrastructure, making it an influential player in the energy transition.
- Safety is a top priority in everything we do, ensuring the well-being of employees, customers, and communities.
- We operate with the highest standards of ethics and transparency in all our work.
- Our primary focus is on meeting and exceeding customer needs to help them achieve success.
- We commit to excellence across all business operations and customer experiences.
- We are dedicated to innovation, leveraging new technologies and ideas to enhance efficiency and solve challenges.
- Collaboration is key to our success, as we work together across teams to achieve common goals.
Net-zero by 2050
Ambitious climate target
The company aims to achieve net-zero carbon emissions by 2050, aligning with global efforts to combat climate change.
60% CO2 reduction
Emissions decrease since 2005
The company has achieved a 60% reduction in CO2 emissions since 2005, demonstrating significant progress in lowering its environmental footprint.
- Committed to reducing greenhouse gas emissions in line with the Paris Agreement.
- Investing in renewable energy, including wind and solar, with plans to expand clean energy generation.
- Transitioning to cleaner energy sources and modernizing infrastructure to support sustainability.
30% of workforce are women
Representation of Women
Women account for 30% of the company's global workforce, reflecting a notable effort toward gender diversity.
38% of workforce are people of color
Representation of People of Color
People of color make up 38% of the company's workforce, highlighting efforts to promote racial diversity.
- Commitment to creating an inclusive culture that values diverse perspectives.
- Goal to increase the representation of women and people of color in leadership roles.
- Ongoing investment in leadership development programs to promote diversity in leadership.
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