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Economist - Rates 

Req Number OTH-18-00001  
Salary $82,368 – $115,315 annually (DOE) *salaries are based upon 40 hours per week  
Full-Time/Part-Time Full-Time  
Location Ephrata Headquarters  
Shift Days  
Exempt/Non-Exempt Exempt  
Number of Openings 1  

Position Summary

Under very minimal supervision, this position will develop and implement retail rate design & pricing, perform ongoing short term and long term system load forecasting, oversee Grant PUD's routine cost of service analysis (COSA), and perform market research and economic analyses.

Job Responsibilities

Essential Functions: -- Essential functions, as defined under the Americans with Disabilities Act, may include any of the following representative duties, knowledge, and skills. This is not a comprehensive listing of all functions and duties performed by incumbents of this class; employees may be assigned duties which are not listed below; reasonable accommodations will be made as required. The job description does not constitute an employment agreement and is subject to change at any time by the employer. Essential duties and responsibilities may include, but are not limited to, the following:

Develop and recommend rate design and pricing strategy for Grant PUD consistent with rate policy guidance provided by the Grant PUD Commission. Understand applicable state regulatory policy and laws related to PUD rate design and pricing. Perform load forecasting employing a variety of strategies.

Use a variety of techniques to develop short-term and long-term load forecasts by customer segment and for the overall area system load. These forecasts may employ a variety of techniques including econometric forecasting, bottom up forecasting of residential, agricultural, commercial, and large key customers, research on growth trends of commercial and industrial customers within Grant PUD's service territory, weather normalization analysis, and other contemporary load forecasting strategies.

Update the Cost of Service Analysis (COSA) every two to three years or during period of significant change that could impact the COSA. This includes reviewing the data for accuracy, allocation of generation, transmission, distribution, and A&G costs between customer classes and updating inputs into the COSA model.

Prepare and present information to the executive management team and Grant PUD Commission including proposed rate pricing and design, proposed cost allocation between customer classes, cost of service updates, changes to rate schedules, and routine reporting on forecast load and resultant budget variance and future load projections.

Participate in public rate process, and work closely with individual customers and groups of customers to help educate and inform customers, and to solicit input for potential changes to rate policy and rate design.

Participate in cross functional teams and provide technical advisory experience and guidance to other departments within Grant on economic matters, research, and analysis. Assess and communicate the impact of Grant PUD projects and policies on retail pricing and wholesale transmission pricing. Draft and/or comment on agreements related to wholesale and retail power rates, and transmission and distribution services. Collaborate with other departments on rate and regulatory issues as required.

Demonstrate a strong and technical knowledge of potential benefits and disadvantages of various rate policies, and specific rate design and pricing strategies. Evaluate financial impacts of retail rates and wholesale transmission pricing to ensure they are in the best interest of Grant PUD and its customers.

Monitor proposed legislation and regulatory rulemakings, evaluate potential impact on the Company and advise management.

Prepare, edit, and present documents describing the results of research, studies, and analysis; prepare recommendations and be prepared to offer alternatives; present findings to various internal teams, Executive Team, Grant PUD Commissioners, and other stakeholders.

Perform related duties as required or assigned.

Demonstrate commitment to Grant PUD's mission, vision, values, strategic plan and Vision 2021. The incumbent should be familiar with these organizational priorities and behave in a way that aligns with these expectations.

Understand and adhere to compliance requirements for this position that may include laws, regulations, security guidelines, Grant PUD policies & procedures.

Establish and ensure completion of project schedules and goals.

Actively participate in all aspects of Grant PUD's safety program, including but not limited to:

• Following all safety policies and procedures;

• Alerting supervisors and coworkers to unsafe or hazardous working conditions;

• Reporting any safety incidents or close calls within 24 hours to your supervisor; and

• Accepting feedback from supervisors and coworkers regarding your own safety performance.

Position Requirements

Minimum Job Requirements

Educational Requirements

Bachelor’s Degree in Economics, Statistics, Finance, business administration or similar field. Master’s Degree or PhD preferred, but may be substituted with desired experience. Minimum of five years’ experience in utility rate design, pricing strategy, and cost of service analysis desirable; with a strong analytical background in economic, statistical, financial, or quantitative areas.

Knowledge and Skills

Knowledge of – concepts, principles, theories, and methods utility rate design & pricing strategies, statistical analysis standards and best practices; detailed understanding of mathematical models; project management tools and techniques; and Economic forecasting and impact. Demonstrate a high level of analytical and technical capabilities and expertise on current rate issues.

Skill in – exercising good judgement and making well informed decisions under pressure; written and oral interpersonal communication for internal and external audiences; identifying and analyzing potential problems with limited data and advising stakeholders on how to proceed; workflow and time management; creative thinking and problem solving; utilizing MS office products, custom financial and reporting software, tools, and applications.

Special Requirements

A valid Washington State driver’s license may be required.

Physical/Mental Requirements

Majority of work is performed in a standard office setting, with some field work that may require operation of a vehicle.

*applicant/incumbent should refer to the Physical Capacity Evaluation (PCE).

Open Until Filled

Excellent Compensation and Benefits Package

Equal Opportunity Employer

References and Background Checks are done as part of our employment process.

About the Organization Employees are our greatest assets at Grant PUD. Our dynamic team of skilled individuals define this utility. We welcome your unique experiences, skills and passion

As an equal opportunity employer, we strive for an environment of mutual respect that values diversity. We recruit, hire, train and promote all job classifications. A variety of exciting challenges and growth opportunities exist at Grant PUD. We offer training, benefits and multiple opportunities to serve the diverse needs of our regional community.

Our Mission:
To efficiently and reliably generate and deliver energy to our customers.

Our Vision:
Excellence in service and leadership
We continually ask how our performance aids in improving service quality, reliability and care for the environment in the most cost-effective manner.

Safety: We believe that employee and public safety is paramount

Innovation: We make decisions that best serve present and future generations

Service: We are committed to excellent customer service

Teamwork: We are one team with the same mission

Respect: We honor the rights and beliefs of those we work with and serve

Integrity: We hold ourselves and others accountable to professionalism in our actions and words

Heritage: We protect, preserve and perpetuate the spirit of the PUD and the Wanapum relationship  

This position is currently not accepting applications.

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