Portfolio Analytics Intern
Company
Based in San Francisco, Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. We deliver some of the nation's cleanest energy to our customers in Northern and Central California. For PG&E, Together, Building a Better California is not just a slogan. It's the very core of our mission and the scale by which we measure our success. We know that the nearly 16 million people who do business with our company count on our more than 24,000 employees for far more than the delivery of utility services. They, along with every citizen of the state we call home, also expect PG&E to help improve their quality of life, the economic vitality of their communities, and the prospect for a better future fueled by clean, safe, reliable and affordable energy.
Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic information or any other factor that is not related to the job.
Organization Overview
The Portfolio Management group is part of the Energy Portfolio Procurement & Policy department (EPP&P) within Pacific Gas and Electric Company's (PG&E) Energy Policy and Procurement organization. Portfolio Management is primarily responsible for managing PG&E's wholesale electric portfolio in order to meet PG&E's electric load obligations in a reliable, economic manner. This responsibility includes: (1) determining the Company's long-, intermediate-, short-term Resource Adequacy (RA) capacity, Energy, Renewable Portfolio Standard (RPS), Congestion Revenue Rights (CRR) and Greenhouse Gas (GHG) compliance product needs; (2) developing strategies to meet those needs; (3) amending, modifying, and terminating agreements as necessary to maintain PG&E's electric portfolio; (4) complying with sales/procurement, including Low Carbon Fuel Standard (LCFS) credit sales and reporting requirements; and (5) supporting the development of energy policy with the objective of implementing such policy at the least cost and ensuring compatibility with the supply/demand portfolio.
All employees are responsible for performing their jobs in accordance with PG&E's vision and values and for conducting sales/procurement in accordance with PG&E's Risk Management Policy.
Position Summary
Portfolio Analytics group in Portfolio Management is tasked with developing tools & models, streamlining/automating process, performing analysis to create strategies, and performing model runs and valuations to support the position management, compliance, and policy activities in PM.
Portfolio Analytics is looking for a self-driven summer intern to support the work to streamline & automate processes and contribute to model and tool development. This individual should have a quantitative and/or programming background and will be working closely with our Analytics team. The Portfolio Analytics Intern will work on several project efforts over the course of the internship including (but not limited to them):
* Auditing and validating existing tools for annual/monthly resource adequacy requirements
* Performing market research on the CA capacity market and other products transacted by Portfolio Management to inform our strategies
* Building data pipelines for use in analytics
* Participating in quarterly RA solicitations
The successful intern will have the opportunity to lead and/or support activities as described above working with an experienced Portfolio Management team. Additionally, the intern will gain knowledge of the larger Energy Policy & Procurement organization and the complex regulatory and financial environment that characterizes the wholesale energy market in California through the work they will be performing.
Qualifications
Minimum Qualifications:
* Earning a Bachelor's or Master's degree in Engineering, Economics, Mathematics, Computer Science or related field (students MUST be continuing education towards degree during and/or after internship)
Desired:
* 3.0 GPA or greater in both cumulative GPA and major GPA
* Ability to work in a team environment and support fellow team members
* Strong problem solving and analytical skills
* Strong communication skills, both oral and written
* Takes initiative and can work independently with minimal direction
San Francisco, CA
PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to residential, commercial, industrial, and agricultural customers in northern and central California, the United States. The company’s electricity distribution network consists of approximately 107,000 circuit miles of distribution lines, 50 transmission switching substations, and 769 distribution substations; and electricity transmission network comprises approximately 18,000 circuit miles of interconnected transmission lines and 84 electric transmission substations.
Its natural gas system consists of approximately 43,100 miles of distribution pipelines, approximately 6,400 miles of backbone and local transmission pipelines, and various storage facilities. The company also owns and operates nuclear, hydroelectric, fossil fuel-fired, and solar electricity generation facilities. PG&E Corporation was incorporated in 1995 and is based in San Francisco, California. On January 29, 2019, PG&E Corporation Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of California.