Regulatory Analyst

Regulatory Analyst

This position supports the Company's state regulatory strategy by developing revenue requirement models, preparing testimony and exhibits, and analyzing financial, operational, and regulatory information used in rate cases and other regulatory filings. The analyst supports filings from development through resolution, including data collection, model preparation, internal review, testimony development, filing support, discovery, settlement support, and post-order compliance. The work requires coordination with Accounting, Finance, Legal, Regulatory Operations, Utility Operations, and other business partners to ensure regulatory positions are accurate, consistent, and well supported. The position requires knowledge of state regulatory requirements, electric utility ratemaking, cost-of-service principles, utility accounting, Commission rules and orders, and emerging regulatory issues. The analyst communicates recommendations and Company positions to internal and external stakeholders and helps ensure regulatory deadlines and commitments are met. Candidates with an accounting background, particularly in fixed asset systems, plant accounting, income tax accounting, or regulated utility accounting, are encouraged to apply. This position offers opportunities to develop regulatory expertise and grow into leadership responsibilities.

Major responsibilities include, but are not limited to:

• Develop, maintain, and support revenue requirement models, cost recovery analyses, regulatory schedules, exhibits, workpapers, and supporting documentation for state regulatory filings.
• Draft, review, and support direct, rebuttal, and surrebuttal testimony, including development of narrative explanations, quantitative support, exhibits, and responses to issues raised by Commission staff or intervenors.
• Support rate case and other regulatory filing efforts by gathering source data, validating inputs, reconciling model outputs, preparing filing packages, and maintaining clear audit trails for filed positions.
• Analyze regulatory orders, accounting records, financial forecasts, operational data, cost allocations, rate base components, operating expenses, taxes, depreciation, and other revenue requirement inputs to support recommendations and regulatory strategy.
• Prepare and coordinate responses to discovery, data requests, audits, compliance requirements, and other regulatory inquiries in a timely and accurate manner.
• Collaborate with internal subject matter experts and external consultants to develop filing positions, review technical support, resolve issues, and ensure consistency across testimony, schedules, workpapers, and regulatory commitments.
• Monitor regulatory developments, Commission rules and orders, industry trends, and emerging policy issues that may affect revenue requirements, rate recovery, tariffs, or regulatory strategy.
• Successful completion and submittal of revenue requirement models, testimony, schedules, exhibits, workpapers, tariffs, discovery responses, compliance filings, and reports related to regulatory issues.
• Successful development, support, filing, and approval of regulatory proposals, rate recovery mechanisms, rates, tariffs, and compliance actions associated with Company business needs.
• Provide timely and adequate service to internal and external customers.
• Establish and maintain strong working relationships with internal personnel, external regulatory groups and intervenor representatives.

Education and Experience:

Requires a bachelor's degree in Accounting, Finance, Economics, Business Administration, Engineering, Public Policy, or a related field. Candidates with an Accounting background are encouraged to apply. Experience in utility regulation, ratemaking, revenue requirements, regulatory accounting (including the FERC Uniform System of Accounts), plant accounting, financial analysis, or related analytical work is preferred. Knowledge of electric utility systems, regulatory accounting, financial statements, cost-of-service principles, revenue requirement concepts, depreciation studies, income tax accounting, utility property accounting, fixed asset accounting and state regulatory filing processes is preferred.

Skills, Knowledge, and Abilities:

Must possess strong communications skills, capable of:

• Listening to gather and synthesize information;
• Speaking in a clear and concise manner to convey information often technical in nature;
• Preparing written material that provides analysis, study results, reports, memos, testimony, discovery responses, and documentation of subjects often technical in nature.

On moderately complex issues, capable of:

• Researching issues using multiple sources of data and appropriate technical tools available;
• Analyzing and synthesizing data gathered;
• Transforming data gathered into information that can be used to facilitate decision making;
• Drawing appropriate conclusions based on information and;
• Making sound recommendations that consider the proper balance among the various interests of internal operations, customers, regulators, shareholders, and competitors that may be impacted by the recommendation.

Areas of proficiency include some or all of the following:

• Regulatory utility industry
• Retail cost of service
• Retail class cost of service
• Regulated utility accounting
• Revenue requirement modeling and rate case support
• Testimony, exhibits, workpapers, and discovery responses
• Advanced spreadsheet modeling, data validation, and analytical documentation
• Large-scale integrated accounting systems
• FERC Uniform System of Accounts
• Fixed asset systems, especially PowerPlan
• Depreciation studies
• Attention to detail
• Possesses a high degree of work initiative and project leadership ability.
• Must be proficient in Microsoft Office applications, particularly Excel and Word, and demonstrate the ability to learn regulatory filing systems, financial systems, data tools, and other software products as necessary.
• Experience with Powerplan software and knowledge of property accounting a plus.
• Professional certification (CPA, CMA, etc.) is preferred.

Working Conditions:

Typical office working conditions. Hybrid flexible schedule available. Must be able to work additional hours at times.