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Job Summary

This Rates & Regulatory Strategy Manager will provide support for retail regulatory initiatives primarily related to retail base rate cases and other cost recovery filings in North Carolina and South Carolina. The position will be responsible preparing of calculations, schedules and filings; assisting to develop testimony to be used in rate case filings and providing support to rate case witnesses; preparing, reviewing and supporting discovery responses; and assisting with implementation of associated commission orders. Main areas of focus will be revenue requirements and associated proforma adjustments included in base rate cases, performance incentive metrics, and other cost recovery mechanisms that may be proposed.

The successful applicant should be able to support major work streams and work independently to keep process on track to successful completion. They should be able to provide guidance to others (both internal and external to the group) and collaborate effectively with other groups within the Company. They will have a grasp on industry issues and emerging rules, and proactively address how these issues may affect regulatory processes, suggesting proper ratemaking treatment. Developing good working relationships with internal and external customer groups (including regulators) is important. Must be proficient in conflict management and will know how to listen attentively, as well as be able to communicate both orally and in written form proficiently. Must be able to present ideas and concepts clearly to broad groups.

The Carolinas Rates & Regulatory group is within the North Carolina State President’s organization and provides regulatory services for Duke Energy’s regulated electric utilities in North Carolina and South Carolina.

Responsibilities

• Provide support for retail rate initiatives in North Carolina and South Carolina; including preparation of complex regulatory filings.

• Actively participate in general rate case activities to accomplish appropriate cost recovery for Duke Energy Carolinas and Duke Energy Progress.

• Effectively communicate complex regulatory and cost recovery concepts to both internal and external audiences (Duke Energy management, Duke Energy customers, regulators, interveners, etc.).

• Participate on cross functional teams to provide regulatory expertise to enable development and successful implementation of business initiatives with appropriate cost recovery mechanisms.

• Managing relationships with external contacts and regulators and helping to resolve questions, issues, and challenges experienced through the rate proceedings.

Activities include:

• research and strategy development - identify potential regulatory issues/hurdles and propose solutions/strategies to overcome barriers; understands industry issues and emerging issues that may affect ratemaking

• data gathering and computations – prepare and review proposed revenue requirements based on historical actual costs and appropriate pro forma adjustments; develop and propose performance incentive metrics that help advance key policy goals

• expert witness testimony development – assist in drafting and reviewing witness testimony

• provide support to filing and discovery process – respond to or review data requests from intervenors

• provide support for implementation of Commission orders

Required Qualifications

• Bachelor's degree in Business, Accounting, Mathematics, Finance or other related degree

• In addition to bachelor's degree, eight (8) years minimum of related work experience

Desired Qualifications

• Previous experience working in the utility industry

• Familiarity with ratemaking, revenue requirement, and rate design principles

• Rate case support experience

• Ability to grasp big picture and reach appropriate conclusions from detailed analysis

• Attention to detail and commitment to high level of accuracy

• Ability to communicate complex concepts clearly and concisely in both written and verbal communications

• Proficiency in using Excel: ability to develop and use complex spreadsheets using advanced techniques

• Good time management skills: ability to manage a project and meet deadlines with little supervision

• Ability to work effectively under pressure

• Ability to deal with ambiguity

• Ability to reach compromise positions with others

• Ability to develop strong rapport with regulators

• Background in finance, regulatory accounting, data analysis or engineering preferred; advanced degree or certification (i.e. MBA or CPA)

Working Conditions

• M-F

• Hybrid mobility classification - work will be performed from both remote and onsite locations after the onboarding period. However, hybrid employees should live within a reasonable commute to listed locations.

• Extended hours may be required at times to meet rate case deadlines

• Occasional travel to Raleigh, NC and Columbia, SC for support of hearings

#LI-Hybrid

Travel Requirements

5-15%

Relocation Assistance Provided (as applicable) No

Represented/Union Position No

Visa Sponsored Position No

Posting Expiration Date

Monday, November 25, 2024

All job postings expire at 12:01 AM on the posting expiration date.

Please note that in order to be considered for this position, you must possess all of the basic/required qualifications.

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Brighter opportunities. Brighter futures. Duke Energy values ideas that come from a diverse and inclusive workforce, and we’re dedicated to providing a work environment where all people are valued, respected and able to reach their full potential. Duke Energy is an equal opportunity employer and does not discriminate against any employee or applicant for employment because of race, color, sex, pregnancy, childbirth or related medical conditions, including but not limited to lactation, religion, national origin, ancestry, ethnicity, citizenship, sexual orientation, gender identity, gender expression, age, marital status, physical or mental disability, genetic information, medical condition, military status, or protected veteran status. Duke Energy complies with all applicable state, federal and local laws, regulations and ordinances prohibiting discrimination.

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