Description
Job Summary: This position will provide management oversight and act as the project owner to extract additional value from existing and future Tenaska generation projects. Directing commercial activities and developing alternatives for revenue creation for Tenaska managed facilities. Assist the department in achieving and maintaining best in class asset management services. This position interacts internally with senior level management and externally with project partners, contractual counterparties, and third-party advisors. Essential Job Functions:
- Represent and act as the owner in the administration of Tenaska managed electrical generating plants both merchant and under power purchase agreements.
- Understand the gas and power energy markets and how the generating plants operate and transact in their respective markets.
- Demonstrate the ability to evaluate the benefits and risks of transactions in the energy markets.
- Understand and administer key project documents including:
- Power off-take agreements and other hedging instruments
- Energy management agreements
- Partnership agreements
- Operational documents including long-term turbine service agreements
- ISO tariffs and business practice manuals and interconnection agreements
- Work internally with peers within asset management team and other groups within the organization in the areas of plant operations, finance, accounting, engineering.
- Serve as an external interface to the power off-take customers, energy managers and other contractual counterparties.
- Enhance the financial performance of Tenaska projects. Understand the way each project generates revenue, incurs costs, and realizes profit.
- Serve as the primary interface with project partners to communicate the financial and operating performance, provide guidance and recommendations for major decisions and facilitate necessary approvals to comply with provisions of the partnership agreements.
- Develop, generate, and communicate the necessary reporting materials to senior executives and owners of Tenaska for internal assessment of project performance.
- Detailed knowledge of the major project contracts and the ability to create value by maximizing revenue and reducing costs.
- Work within the confines of credit agreements and partner agreements to identify unrealized value from projects through additional revenue streams and reduced operating costs.
- Interface with our operations group to identify ways to optimize plant operations including plant modifications and improvement projects to add value to Tenaska and our customers.
- Help establish and manage fleet-wide plant performance monitoring program.
- Ability to understand engineering concepts and technical information is a plus.
- Provide strategic management of power off-take contracts.
- Focus on long-term management issues which affect revenue such as capacity, energy, heat rate, and availability.
- Communicate extensively with our customers, energy managers, and partners to understand their needs and issues surrounding the performance of our projects.
- Understand the market conditions of our plants.
- Help customers and partners understand Tenaska's positions and find opportunities for shared benefits.
- Communicate and coordinate with Operations on any plant activities.
- Work with the asset management team to develop a fundamental view of the markets served by the projects and provide strategic long-term planning for those projects.
- Develop and/or analyze power plant performance models and plant operating parameters.
- Review operational test results, develop performance reports based on the results and adjust performance models accordingly.
- Reliable, dependable, and predictable attendance is a requirement.
Education/Experience/Skills
Basic Requirements:
- Bachelor's degree. Business, finance, accounting, or engineering is preferred.
- 8-12 years' experience in energy industry or commodity trading field
- Must be able to communicate effectively throughout the organization
- Must have excellent Excel spreadsheet skills.
- Knowledge of power and natural gas markets
- Understanding of financials, budgeting, and forecasting
- Ability to manage/optimize contracts
- Knowledge of power plant operations
Preferred Requirement:
- Previous asset management experience
At Tenaska we care about the wellbeing of our employees and their families. That's why we offer our employees a comprehensive benefit package. Benefits included below:
- Health, dental, vison, disability, and life insurance
- Excellent 401(k) plan
- Incentive-based, competitive salary packages
- Health/dependent care flex accounts
- Tuition assistance
- Long-term disability coverage
- Adoption benefits
- Employee assistance program
- Paid vacations and holidays
- Generous sick leave
- Charitable giving program
- Paid maternity/paternity leave
- Wellness programs
TENASKA IS AN EQUAL OPPORTUINTY EMPLOYER
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