Procurement, Contract & Operations Specialist (Mid - Sr) - fuel/coal (Commercial Operations)

Overview

Manage fuel procurement, contracts, and operations for AEP's regulated plants.

Key Responsibilities

• procurement strategy
• data management
• fuel nomination
• inventory management
• contract negotiation
• market analysis

Tasks

-Fuel Buyer will assist in the development of procurement strategies, support negotiations and preparation of analysis and presentations for senior level evaluation and consideration. -Enter and ensure the integrity of the data records in the internal IT systems (ComTrac, FuelWorks, Position Manager, Consumables Management, etc.). -Perform timely and accurate Fuel supply nominations on various web-based nomination/scheduling systems in accordance with the transporter's operating procedures and deadlines. -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. -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. -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. -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. -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. -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. -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. -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. -Actively participate in the marketplace, staying abreast of market pricing trends, Fuel contracting methods, supply availability, available transportation connections/alternatives and potential operational constraints. -Market excess Fuel, terminal and railcar capacity and Coal Combustion By-Products. -Coordinate with regulatory, environmental, generation, contract administration, plant personnel, settlements, accounting and confirmations to appropriately resolve all Fuel issues. -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.

Requirements

• 24/7
• fuel procurement
• stakeholder communication

What You Bring

-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.

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About American Electric Power

-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.

Sector Specialisms