OUC - The Reliable One, an industry leader and the second largest municipal utility in Florida committed to serving the community and the environment, is presently seeking a Director, Fuel & Power Marketingto join the Electric & Water Production division.
At OUC, we are committed to achieving net-zero carbon emissions by 2050, with a goal to reduce carbon emissions by 50% by 2030. Moving toward net-zero emissions, while ensuring energy remains reliable and affordable, is our major focus. Meeting this goal will require innovative solutions and new technologies that create a lasting value.
In this role, you will play a significant role in managing the Florida Municipal Power Pool (FMPP) daily operational planning process to ensure reliable and economic operations while providing the leadership for optimizing the profitability of existing and new resources at the wholesale level.
We are looking for a dynamic leader with a strategic vision for managing and developing the roadmap for achieving OUC’s Net Zero Carbon goals including the negotiation for long term renewable power purchase agreements.
OUC’s mission is to provide exceptional value to our customers and community by delivering sustainable and reliable services and solutions. Click here to learn more about what we do.
The ideal candidate will have:
Bachelor’s degree in Engineering, Business or related field from an accredited college or university required;
Master’s degree in Business Administration from an accredited college or university, preferred;
Eight (8) years of related experience in fuel market and trading strategies in the energy industry, to include: o Minimum of three (3) years of formal leadership experience (required);
Power System Operations and Fuels knowledge, preferred;
Skilled in contract negotiation
Experienced in the development and execution of strategic initiatives
OUC offers a very competitive compensation and benefits package. Our Total Rewards package includes, to cite a few:
Competitive compensation
Low-cost medical, dental, and vision benefits and paid life insurance premiums with no probationary period. Retirement benefits include a cash balance account with employer matching along with a health reimbursement account
Paid vacation, holidays, and sick time
Educational and Professional assistance programs; Paid Memberships in Professional Associations
Please see below a complete Job description for this position.
Job Purpose:
Provides the strategic vision for managing and developing the roadmap for achieving OUC’s Net Zero Carbon goals including the negotiation for long term renewable power purchase agreements. Leads, formulates and guides the strategy for managing the Fuels, Power Marketing and Contracts & Settlement Business Units.
Manages the Florida Municipal Power Pool (FMPP) daily operational planning process to ensure reliable and economic operations while providing the leadership for optimizing the profitability of existing and new resources at the wholesale level.
Provides the vision, leadership for the development and implementation of the fuel procurement and transportation strategies for coal, natural gas, fuel oil, alternate fuels, financial hedge portfolios to stabilize short and long-term fuel price exposure, Stanton rail track and railcar fleet.
Leads, directs, and supervises functions to successfully carry out OUC's obligations associated with its jointly owned generation assets and power supply contracts. Develops risk-based scenario analysis to evaluate strategic opportunities; develop, monitor and report Electric and Water Production (EWP) resources budget, Production Costing, Florida Municipal Power Pool (FMPP) Clearing House Pricing, and settlement process.
Primary Functions:
Power Marketing
Manage the active business relationships with the utilities in our regional area as well as energy trading counterparties;
Provide quantitative analyses of power production opportunities from a competitive standpoint;
Analyze quantitative projects as necessary;
Develop marketing proposals in response to RFP’s;
Fixed Price Proposals;
Variable Pricing Scenarios;
Evaluate profitability from production and corporate model perspectives.
Analyze risk scenarios using advanced quantitative techniques;
Supervise and provide direction to the employees in the Power Marketing area;
Market OUC’s excess power;
Provide OUC’s customers with the most economical energy solutions;
Manage and administer all long-term contracts and negotiate Interchange contracts for OUC and OUC’s interests in the joint participation units at STN A, , St. Lucie, various Solar arrays, and future large industrial storage projects;
Serve as OUC’s representative on the FMPP and various FRCC committees;
Attend the VP EWP management team meetings and conduct division staff meetings;
Manage special projects and meetings.
Fuels:
Direct the development and implementation of the fuel procurement and transportation strategies for coal, natural gas, fuel oil, and alternate fuels;
Manage the development and oversight of financial hedge portfolios to stabilize short and long-term fuel price exposure and probability based financial risk and forecasting analyses;
Manage the fuel supply contract development, negotiation, and execution and the development of the fuel inventory, forecasting, SO2 allowance, procurement performance, and competitor comparative cost models;
Manage the 19-mile rail track into Stanton as well as the fleet of railcars;
Perform supervisory and administrative functions as defined and required to support the Electric & Water Production Business Unit.
Contracts & Settlement:
Negotiate, interpret, execute, and monitor contract terms for OUC’s jointly-owned generation assets (both operating and non-operating) and power supply contracts;
Serve as EWP’s liaison to Accounting Services, Fiscal Services, and other OUC divisions regarding interpretation and administration of contract terms for jointly owned generation assets and power supply contracts;
Develop, execute and interpret financial and risk-based scenario analysis and provide strategic services for wide range of EWP activities, including but not limited to energy supply alternatives (self-build options, purchases and sales), capital projects, fuel commodity and transportation, regulatory compliance alternatives (including emission allowances);
Develop and manage budgets for EWP. Track actual capital expenditures against budget targets. Prepare additional analyses which provide business unit Vice President, Directors and Managers with effective tools to manage the use of EWP’s capital resources;
Direct a program to ensure OUC’s compliance with Department of Energy requirements associated with OUC’s participation in the Clean Coal Power Initiative and compliance with the requirements of FERC and FRCC reliability standards of the Energy Policy Act of 2005;
Monitor and interpret the impact of current and proposed regulation/legislation on EWP’s business activities;
Direct and manage performance of staff and consultants to effectively accomplish essential job functions;
Provide quantitative analyses of power production opportunities from a competitive standpoint;
Direct and manage OUC’s interest in the FMPP Clearing House Pricing process;
Perform other duties as assigned.
Technical Requirements:
Working knowledge of all, but not limited to, the following:
Risk management and its application to management of commodity price risk exposure;
Fundamental aspects of both the physical and financial markets for natural gas, coal and electricity;
Performance evaluations, timesheets;
Related industry, organizational and departmental policies, practices, and procedures; legal guidelines, ordinances, and laws;
Electric and financial markets.
Demonstrated Leadership skills;
Effective communications skills, both verbal and written, as well as presentation and negotiation skills;
Strong Negotiations skills;
Must exercise good business judgment;
Ability to:
Understand production costing results;
Set market prices for transactions and distinguish between cost based and market-based pricing;
Perform quantitative analysis;
Understand financial concepts;
Communicate effectively with subordinates in order to accomplish business objectives;
Analyze facts and determine action using a wide range of procedures but within limits of standard practice;
Participate in formulating and carrying out policies, objectives and programs for major divisions or functions coordinate work of subordinate department heads to attain objectives;
Must have strong technical sales skills and good understanding of financial, legal and regulatory aspects the business;
Recognize and coach others through change;
Be flexible working within a constant changing environment;
Make arithmetic computations using whole numbers, fractions and decimals, and compute rates, ratios and percentages;
Use Microsoft Office Suite (Outlook, Word, Excel, etc.) and standard office equipment (telephone, computer, copier, etc.). Read and comprehend plant drawings/blueprints
Work overtime and extended hours when needed; subject to call out and/or availability via phone assistance 24/7.
Education/ Certification/ Years of Experience Requirements:
Bachelor’s degree in Engineering, Business or related field from an accredited college or university required;
Master’s degree in Business Administration from an accredited college or university, preferred;
Eight (8) years of related experience in fuel market and trading strategies in the energy industry, to include:
Minimum of three (3) years of formal leadership experience (required);
Power System Operations and Fuels knowledge, preferred;
Working Conditions:
This job rarely involves exposure to extreme weather, noxious fumes, chemicals, insects, heights, confined areas, and excessive noise. This job occasionally requires call outs and/or extended work hours, including evenings, weekends, and/or holidays.
Physical Requirements:
This job very frequently involves speaking & hearing, detailed inspection/reading/editing, and writing. This job frequently involves standing, walking, sitting, bending/stooping, and typing/CRT (attention to detail). This job occasionally involves driving a company vehicle. This job occasionally requires lifting 0-20 lbs., reaching over head, kneeling, crawling, and climbing (ladders, stairs, hills). The job rarely involves lifting 21-40 lbs., 50+ lbs., and pushing, pulling, and/or digging.
OUC–The Reliable One is an Equal Opportunity Employer who is committed through responsible management policies to recruit, hire, promote, train, transfer, compensate, and administer all other personnel actions without regard to race, color, ethnicity, national origin, age, religion, disability, marital status, gender, sexual orientation, gender identity or expression, genetic information and any other factor prohibited under applicable federal, state, and local civil rights laws, rules, and regulations.
EOE M/F/Vets/Disabled
Education/ Certification/ Years of Experience Requirements:
Bachelor’s degree in Engineering, Business or related field from an accredited college or university required;
Master’s degree in Business Administration from an accredited college or university, preferred;
Eight (8) years of related experience in fuel market and trading strategies in the energy industry, to include:
Minimum of three (3) years of formal leadership experience (required);
Power System Operations and Fuels knowledge, preferred;
Established in 1923 by a special act of the Florida Legislature, OUC—The Reliable One is the second largest municipal utility in Florida and 14th largest municipal in the country. OUC provides electric, water, chilled water and lighting services to more than 240,000 customers in Orlando, St. Cloud and parts of unincorporated Orange and Osceola counties.OUC has maintained the best electric reliability in the state of Florida for 18 years in a row. And its water, known as H2OUC, was named the best drinking water in the state in 2004 by the Florida Section of the American Water Works Association (AWWA).OUC is focused not just on reliability and affordability but weaves sustainability into everything it does. This includes opening the area’s first community solar farm, installing nearly 150 electric vehicle charging stations, implementing a comprehensive corporate recycling program, and encouraging its customers to use energy and water as wisely as possible.We have lived up to our name by providing the most reliable electric service in Florida and finishing well ahead of the state’s investor-owned utilities in key performance areas that measure overall electric distribution reliability.... What does that mean for you? It means you can rely on us to provide reliable and affordable electric and water service to you in an environmentally responsible manner. We are committed to:OneAvoiding interruptions to your serviceTwoRestoring your service promptly if an outage should occurThreeKeeping you informedFourContinually improving our systems so you always receive the most reliable servicehttps://issuu.com/oucthereliableone/docs/ouc_historybook_web_single_pgs