Analyst, Rates (Natural Gas Utility)
***The position can be filled as an Analyst or a Senior Analyst depending on qualifications.***
JOB SUMMARY/PURPOSE
Delta Utilities is seeking an experienced and dynamic Analyst, Rates to play a critical role in ensuring the organization’s compliance with regulatory rate and ratemaking requirements and support strategic initiatives related to regulatory ratemaking matters for natural gas utilities. This is a full-time position based in New Orleans, Louisiana.
This individual will be responsible for preparing rate-related filings to be used in advocating the Company's position on accounting, ratemaking, gas cost, cost allocation issues and other regulatory issues and to comply with orders from regulatory authorities and current tariffs covering multiple natural gas utility companies. Analyst, Rates will work closely with internal teams and external resources, analyze regulatory tariffs, rate schedules and riders to align the organization’s billing and recovery mechanisms with applicable regulations and regulatory strategy.
JOB DUTIES/RESPONSIBILITIES
- Prepares rate related filings to be used in advocating the Company's position on accounting, ratemaking, gas cost, cost allocation issues and other regulatory issues and to comply with orders from regulatory authorities and current tariffs.
- Prepares and reviews analytical exhibits in developing rate filings and testimony submitted by company witnesses.
- Prepares and reviews analytical exhibits as support in response to data requests from regulatory authorities and interveners.
- Coordinates and organizes the information flow between internal departments to prepare filings and provide timely responses to requests from regulatory authorities and interveners.
- Develops financial and statistical models to improve departmental efficiency and accuracy in rate filings.
- Reviews and analyzes billing information to determine its accuracy and usefulness in a regulatory proceeding.
- Prepares and files compliance reports as required by the various regulatory authorities.
- Monitors rates charged by other jurisdictions to provide a basis for comparison.
- Prepare and support the analytical requirements for general rate case proceedings (i.e. cost of service activities, rate impact analysis, and preparation of filing requirements).
- Analyze data related to regulatory compliance, rates, and tariffs to support decision-making, regulatory filings and reconciliation with financial reporting / accounting systems.
- Calculate and document periodic updates and revisions to rates, tariffs, schedules and riders.
- Analyze the potential impact of and support communication to senior management of rate related regulatory changes on the Company’s operations and financial performance.
- Conduct detailed analysis of proposed rate related regulatory policies and legislation, assessing their potential impact on the Company.
- Work with billing department to establish billing procedures that comply with tariffed rates, schedules, riders and terms of service.
- Monitor and analyze federal, state, and local rate related regulations that impact the natural gas utility industry.
- Ensure the company’s compliance with all rate related regulatory requirements by managing, preparing and submitting necessary reports, filings, and documentation through continuous application of in-depth working knowledge of regulatory, ratemaking, accounting, financial, and legal concepts and standards unique to the natural gas utility industry.
- Follow processes to maintain ongoing compliance with rate related regulatory changes with a mindset of continuous improvement to recommend process changes to increase organizational efficiency and effectiveness.
- Maintain accurate records of all regulatory activities, filings, and communications; report on regulatory matters to senior management as needed.
- Work closely with internal departments on regulatory matters.
- Participate in industry forums and conferences to stay informed of regulatory trends and best practices.
MINIMUM REQUIREMENTS
Minimum education required of the position
- Bachelor’s degree in finance, business, economics, accounting or a related field.
- Desired: Master’s degree, CPA or equivalent experience is desired
Minimum experience required of the position
- Analyst: 1 to 3 years of experience in regulatory accounting, rate analysis, accounting and finance related fields, preferably within the utility sector.
- Senior Analyst: 2 to 4 years of increasingly complex experience in regulatory accounting, rate analysis, accounting and finance-related fields, preferably within the utility sector.
Minimum knowledge, skills and abilities preferred of the position
- Demonstration of high-level competencies in accountability, collaboration, continuous learning and high performance in ambiguous situations.
- Experience interacting and leading projects with internal teams on regulatory, accounting, financial or strategic planning issues.
- Ability to manage multiple priorities and work effectively in a fast-paced environment.
- Ability to manage occasional travel to regulatory hearings, meetings, and industry events.
- Ability to work under tight deadlines and manage stress effectively.
Other Minimum knowledge, skills and abilities for Analyst Level:
- Working knowledge and understanding of regulated utility tariffs, rate-making procedures and processes, and demonstrated capabilities in the required analytics/financial competencies.
- Working knowledge and understanding of regulatory processes, utility rate-making, revenue, cost of service and compliance requirements.
- Excellent analytical, communication (written and oral), and presentation skills.
- Proficiency in data analysis tools and regulatory software.
Other Minimum knowledge, skills and abilities for Senior Analyst:
- Advanced knowledge and understanding of regulated utility tariffs, rate-making procedures and processes of a complex nature, and demonstrated capabilities in the required analytics/financial competencies.
- Advanced knowledge and understanding of regulatory processes, utility ratemaking, revenue, cost of service and compliance requirements of a complex nature.
- Advanced analytical, complex statistical method, communication (written and oral), and presentation skills.
- Ability to manage multiple priorities and work effectively in a fast-paced environment.
- Advanced knowledge in data analysis tools and regulatory software for creating complex documents, databases and graphics.
Any certificates, licenses, etc. required for the position
- None
- Desired: CPA
About Delta Utilities
Delta Utilities is a leading natural gas utility with a focus on safe, dependable service to customers. Headquartered in New Orleans, Louisiana, the utility will serve nearly
600,000 customers and become one of the leading natural gas providers in Louisiana and Mississippi and among the top 40 providers in the United States.
In 2023, Entergy announced that it had entered into an agreement with Delta Utilities to sell its Louisiana gas distribution business. The natural gas utility currently serves more than 200,000 customers across East Baton Rouge and Orleans parishes. In February 2024, Delta Utilities entered into an agreement with CenterPoint Energy to acquire its Louisiana and Mississippi natural gas businesses, which currently serve approximately 381,000 customers. Once the transactions are complete, Entergy's Louisiana natural gas operations and CenterPoint Energy's Louisiana and Mississippi natural gas systems will be operated by Delta Utilities. Learn more: https://deltautilities.com/
Delta Utilities and associated entities are equal-opportunity employers. We do not discriminate against employees or applicants for employment on any legally recognized basis or any protected class under federal, state, or local law.
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