Rates Analyst - Revenue Requirements (JACKSON, MI, US)

Consumers Energy is Michigan’s largest energy provider, providing natural gas and/or electricity to 6.8 million of the state’s 10 million residents in all 68 Lower Peninsula counties. Consumers Energy knows job number one is to keep the lights on for customers. We are committed to delivering reliable, clean, and affordable energy to our customers 24/7.  

 

Location

 

This is a hybrid (virtual/onsite) position with required onsite days on Monday, Tuesday and Thursday assigned to One Energy Plaza located in Jackson, MI.  The selected candidate must be within a commutable distance or willing to relocate (relocation package is available for those that qualify).

 

General Summary of Job Responsibilities

 

The Rates Analyst is responsible for monitoring and assessing service rates, calculating cost-of-service, and conducting various analyses.  Additionally, this role is responsible for developing and maintaining an analysis of utility rate filings for both gas and electric utilities. The incumbent is expected to review utility filings with public utility commissions for requested changes to the rate base and rates for service.

 

Essential Duties and Responsibilities

 

• Responsible for the preparation of exhibits, studies, schedules, and workpapers and related written testimony for general rate case applications filed with the Michigan Public Service Commission (MPSC).
• Willingness to serve as a Company expert in general rate cases and various other proceedings before the Michigan Public Service Commission (MPSC).
• Assist in ensuring the Company’s regulated utilities receive timely and adequate cost recovery by developing ratemaking proposals and recommendations that support the Company’s position.
• Monitor public utility commissions for changes in regulatory policies and procedures that may impact on utility rate case filings managed by the analyst.
• Support other departments, including IT, in preparing for policy and tariff changes by drafting RFS and procedure manuals.
• Conduct electric marginal and embedded cost of service studies, including all necessary special studies.
• Develop internal communications for customers regarding proposed tariff changes.
• Complete technical and cost analyses are required for the development and regulatory approval of electric rates and other tariff provisions.
• Update rate case exhibits and assist with preparing testimony related to the Cost-of-Service Study and Rate Design.
• Track key metrics on utility rate filings, including docket numbers, authorized return on equity, capital structure, requested and approved rate base, and changes in anticipated customer rates.
• Perform other duties as assigned or required.

 

Knowledge, Skills and Abilities

 

• Understanding and experience with ratemaking concepts, including revenue requirements, cost of service, rate of return, and regulatory accounting principles.
• Ability to summarize legal documents.
• Analytical and problem-solving skills.
• Knowledge of accounting and finance principles.
• Verbal and written communication skills.
• Experience with Excel and PowerPoint.
• Experience and proficiency in MS Word.

 

Education and Experience 

 

• Bachelor's degree in accounting with two (2) or more years of experience with rate analyses.

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Why should you join our team?

At Consumers Energy, we offer more than just a place to work. We foster a culture that supports career development, growth, and stability, and we take pride in offering our co-workers excellent benefits and compensation packages. We are deliberately creating an inclusive culture that makes our diverse team of co-workers feel valued, supported, and empowered every day. We're a company made up of thousands of people, all with different stories to share and work to do, but we stand united in our company purpose: world class performance delivering hometown service.

What we offer:

• Competitive compensation packages
• Medical, Dental and Vision
• 401k with company match
• Paid parental leave
• Up to 13 paid Holidays
• Paid time off
• Educational Assistance Program

Diversity, Equity & Inclusion: 

We, at CMS Energy, value Diversity, Equity, & Inclusion. It is part of our DNA. We treat our employees with respect, we treat each other fairly and we value the opinions of others. We are passionate about building and nurturing an environment where everyone feels included. We don’t discriminate. We seek to learn about each other and better understand our unique differences. Our uniqueness makes us authentic. We create safe spaces where everyone can be who they truly are. We invite difficult conversations and uncomfortable topics. We value diverse perspectives; this is what makes us great together. We harbor an inclusive environment where employees feel empowered to share their backgrounds, experiences, and ideas. Our Employee Resource Groups, Women in Energy (WE), Minority Advisory Panel (MAP), Pride Alliance of Consumers Energy (PACE), GENERGY, capABLE, Interfaith and Veterans Advisory Panel (VAP) are key enablers to living the values of our company culture: Caring, Empowered, Deliberate, Agility, and Ownership.

 

All qualified applicants will not be discriminated against and will receive consideration for employment without regard to protected veteran status, disability, race, color, religion, sex, age, sexual orientation, gender identity or national origin.

Consumers Energy Company provides utility services. The Company generates and supplies energy from fossil fuel. Consumers Energy serves customers in United States.