Principal Asset Consultant

Xcel Energy (NASDAQ: XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states:
Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar - delivering better service and providing more reliable, resilient, and sustainable energy. Xcel Energy is a place where you’ll have opportunities to grow, expand your skills, and help lead the clean energy transition.

We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you’ll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best.

Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs.

Position Summary Lead the development of effective strategies for the optimization of Xcel Energy's electric and gas assets. Analyzes, models, develops, and presents operational opportunities and financial perspectives for Xcel Energy's electric and gas assets to create value for our customers and shareholders.

Essential Responsibilities Create, execute, and lead strategic and economic analyses that generate recommendations on investment, operational and market strategy, and strategic growth for the regional portfolios. Develop strategy and asset analysis that supports Xcel Energy's long-term planning and is aligned with company, regulatory, and public policy goals. Provide analyses and strategies that identify opportunities to increase revenue streams, create new revenue streams, deliver cost reduction strategies, or mitigate risks for Xcel Energy’s assets.

Develop asset life-cycle analyses as well as new/emerging technology analytics. Work in cross-functional teams to integrate innovation into the regional portfolio of assets. Leverage asset economic models to determine the Company value of plant investments for operation’s businesses (Generation, Transmission, Distribution, Gas, Chilled Water, Thermal, etc.)Serve as a strategic advisor to Operations, Regulatory, and Xcel Energy executive leadership on financial and operational characteristics of Xcel Energy’s assets and strategies.

Interface with Operations, Commercial Operations, Resource Planning, Finance, Corporate Development, Regulatory, and others to quantify the risk profile and identify strategies to increase the value of the electric and gas portfolio. Provide industry perspective and make recommendations which impact the strategic direction taken with the capital investment portfolio.

Provide project management support for strategic initiatives related to the Xcel Energy asset portfolio, providing financial and operational impacts to the equipment, fleet and Company basis. Develop and provide discovery responses and/or written testimony in support of regulatory proceedings.

Support various cost modeling tools by providing accurate asset data and analysis for utilization in modeling tools to ensure electric and gas assets are correctly evaluated and represented in Company-wide analysis. Drive change through continuously improving production cost modeling and asset market offers.

Mentor and guide Sr. Asset Analyst(s). Serve as a resource for various organizations in the areas of modeling, decision analysis, regulatory issues, industry acumen, and system knowledge. Is responsible for the most difficult analytical…