ITC Holdings Corp.
Regulatory Analyst, Sr (Transmission Pricing & Rates)
ITC Holdings Corp., Novi, Michigan, United States, 48377
Regulatory Analyst, Sr (Transmission Pricing & Rates)
Senior Regulatory Analyst provides business analysis support for calculation of the transmission revenue requirement, rate design and rate‑setting processes. Monitors and participates in Regional Transmission Organization (RTO) and regulatory proceedings and settlement negotiations; uses ratemaking expertise to advocate and support transmission pricing policies. Essential Duties & Responsibilities
Supports pricing, ratemaking and tariff development efforts by performing research, creating proposals, and advocating before stakeholders and regulatory bodies to achieve company objectives. Becomes a subject matter expert on tariff rate design, revenue requirement component build‑up, regulatory accounting, revenue distribution and regional revenue requirement recovery; provides guidance to the Accounting, Finance and Legal groups on all transmission rate issues. Assists, as directed, with preparation of filings, true‑up calculations and required tariff submissions to Regional Transmission Organizations (RTOs) for company subsidiaries and subsequent inquiries on such filings. Verifies compliance with associated standards, including established submission timelines. Works with business units to formulate and communicate strategies in response to regulatory filings and orders impacting the company’s rates; researches, analyzes and interprets data and disseminates information on rates and their impact. Supports the administration of current formula rate tariffs/templates; assists with training to support all functions within the Regulatory department. Participates in process development to ensure timely and accurate posting of formula rates, true‑ups and related disclosures and/or information requests, including protocol inquiries and challenges; works cooperatively with appropriate subject matter experts and keeps all informed of impending deadlines. Monitors federal transmission rate initiatives to stay informed; provides research, analysis and interpretation of regulatory filings concerning rates; reviews industry publications, participates in industry groups and conferences to stay informed. Develops reports to meet management requests for regulatory‑related information. Performs economic analysis of regulatory alternatives including effects on rate base, income, cash flow, unit costs, financial accounting and formula rates. Applies fixed charge rates for use in formula rates, contracts, and cost sharing agreements. Supports the company’s compliance with all Federal Energy Regulatory Commission (FERC) rules and regulations, including the timely submission of reports and filings. Participates in meetings with regulators and/or other relevant stakeholders as needed. Supports the development and review of regulatory rate filings, drafting of testimony and briefs, and processing of discovery questions. Serves as case manager to lead administrative and strategic development efforts for regulatory filings with company personnel, consultants, outside counsel and others as needed. Assists in delivering presentations to regulators and their staffs, stakeholders/customers, industry/trade associations, consumer groups and other utility professionals. Requirements
Bachelor’s degree in Accounting, Finance, Business, Economics, Engineering, Political Science, Mathematics or equivalent experience and/or education. Minimum of five (5) years of experience as a Regulatory Analyst or similar responsibility. Strong quantitative and analytical skills; ability to thoroughly research issues and analyze various types of information. Financial modeling experience and/or working knowledge of FERC USOA and GAAP accounting preferred. Ability to communicate effectively (both verbally and in writing) and establish rapport with colleagues, regulators, stakeholders/customers and other individuals inside and outside the company. Strong interpersonal skills including the ability to interact with internal and external legal counsel to respond to various regulatory issues and timelines that may inconvenience their normal work duties. Ability to understand and interpret the effects of FERC along with various state utility commission rules and regulations on the company. Ability to work in a constantly changing environment and manage multiple projects and tasks and ensure timely completion. Ability to work as part of a team. Ability to travel for company business, including overnight stays (occasional, not regular travel). Advanced knowledge of computer software applications such as Microsoft Word, Excel, Outlook and PowerPoint. Applicants must be authorized to work in the United States for any employer. The company does not sponsor employment visas. About Us
As AI innovation, automation and economic growth reshape the way we live and work, the demand on our power infrastructure is growing fast. At ITC, we’re building the greater grid that’s ready for today’s technology and tomorrow’s possibilities. We foster a culture of belonging where every voice is valued, differences are celebrated and everyone has the opportunity to thrive.
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Senior Regulatory Analyst provides business analysis support for calculation of the transmission revenue requirement, rate design and rate‑setting processes. Monitors and participates in Regional Transmission Organization (RTO) and regulatory proceedings and settlement negotiations; uses ratemaking expertise to advocate and support transmission pricing policies. Essential Duties & Responsibilities
Supports pricing, ratemaking and tariff development efforts by performing research, creating proposals, and advocating before stakeholders and regulatory bodies to achieve company objectives. Becomes a subject matter expert on tariff rate design, revenue requirement component build‑up, regulatory accounting, revenue distribution and regional revenue requirement recovery; provides guidance to the Accounting, Finance and Legal groups on all transmission rate issues. Assists, as directed, with preparation of filings, true‑up calculations and required tariff submissions to Regional Transmission Organizations (RTOs) for company subsidiaries and subsequent inquiries on such filings. Verifies compliance with associated standards, including established submission timelines. Works with business units to formulate and communicate strategies in response to regulatory filings and orders impacting the company’s rates; researches, analyzes and interprets data and disseminates information on rates and their impact. Supports the administration of current formula rate tariffs/templates; assists with training to support all functions within the Regulatory department. Participates in process development to ensure timely and accurate posting of formula rates, true‑ups and related disclosures and/or information requests, including protocol inquiries and challenges; works cooperatively with appropriate subject matter experts and keeps all informed of impending deadlines. Monitors federal transmission rate initiatives to stay informed; provides research, analysis and interpretation of regulatory filings concerning rates; reviews industry publications, participates in industry groups and conferences to stay informed. Develops reports to meet management requests for regulatory‑related information. Performs economic analysis of regulatory alternatives including effects on rate base, income, cash flow, unit costs, financial accounting and formula rates. Applies fixed charge rates for use in formula rates, contracts, and cost sharing agreements. Supports the company’s compliance with all Federal Energy Regulatory Commission (FERC) rules and regulations, including the timely submission of reports and filings. Participates in meetings with regulators and/or other relevant stakeholders as needed. Supports the development and review of regulatory rate filings, drafting of testimony and briefs, and processing of discovery questions. Serves as case manager to lead administrative and strategic development efforts for regulatory filings with company personnel, consultants, outside counsel and others as needed. Assists in delivering presentations to regulators and their staffs, stakeholders/customers, industry/trade associations, consumer groups and other utility professionals. Requirements
Bachelor’s degree in Accounting, Finance, Business, Economics, Engineering, Political Science, Mathematics or equivalent experience and/or education. Minimum of five (5) years of experience as a Regulatory Analyst or similar responsibility. Strong quantitative and analytical skills; ability to thoroughly research issues and analyze various types of information. Financial modeling experience and/or working knowledge of FERC USOA and GAAP accounting preferred. Ability to communicate effectively (both verbally and in writing) and establish rapport with colleagues, regulators, stakeholders/customers and other individuals inside and outside the company. Strong interpersonal skills including the ability to interact with internal and external legal counsel to respond to various regulatory issues and timelines that may inconvenience their normal work duties. Ability to understand and interpret the effects of FERC along with various state utility commission rules and regulations on the company. Ability to work in a constantly changing environment and manage multiple projects and tasks and ensure timely completion. Ability to work as part of a team. Ability to travel for company business, including overnight stays (occasional, not regular travel). Advanced knowledge of computer software applications such as Microsoft Word, Excel, Outlook and PowerPoint. Applicants must be authorized to work in the United States for any employer. The company does not sponsor employment visas. About Us
As AI innovation, automation and economic growth reshape the way we live and work, the demand on our power infrastructure is growing fast. At ITC, we’re building the greater grid that’s ready for today’s technology and tomorrow’s possibilities. We foster a culture of belonging where every voice is valued, differences are celebrated and everyone has the opportunity to thrive.
#J-18808-Ljbffr