Sr Rate Analyst - NSPM

About the role

Xcel Energy (NASDAQ: XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar - delivering better service and providing more reliable, resilient, and sustainable energy.

Xcel Energy is a place where you'll have opportunities to grow, expand your skills, and help lead the clean energy transition. We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you'll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best.

Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday-Thursday); however, work location expectations vary based on role, team, and business needs.

Position Summary

To provide leadership and utilize expertise in the consolidation, documentation and presentation of the information necessary to develop and improve the process for specific components of jurisdictional cost of service studies, revenue requirement determinations, fuel clause adjustment administration and related projects ensuring consistency and accuracy of results.

Essential Responsibilities

• Provide information to Xcel's business units and regulatory management that will assist in the development and implementation of revenue analysis strategies that will meet cost recovery objectives to ensure electric, gas and thermal energy rates are competitive, profitable, and within regulatory guidelines. Analyze other companies' rate filings and results to increase expertise and keep abreast of regulatory matters.
• Consolidate, document, develop and audit specific components necessary to prepare jurisdictional cost of service studies, revenue requirement determinations, fuel clause filings and other related information and schedules. Develop and provide rate-related information and technical support necessary to support a wide variety of miscellaneous regulatory filings.
• Facilitate interveners and Commission staff data request responses and auditing functions on technical issues during general rate filings and other filed petitions, and assist in support required during the hearing process.
• Maintain effective communication between Revenue Analysis unit and other Xcel departments. Provide technical support to other departments concerning revenue analysis information and issues. Requires strong verbal and written communication skills. Must be able to present complex information to a highly diverse group of receivers.
• Work directly with Information Services to assist in the development, enhancement and maintenance of the area's various information systems to meet the regulatory information needs of the Company and improve the information process.
• Provide technical assistance to department employees to increase their knowledge and efficiency particularly in the area of information management, processing and reporting, utilizing the latest information processing tools and technology.
• Other duties as assigned.

Minimum Requirements

• College degree in Business, Accounting, Economics or related field, or equivalent work experience.
• Demonstrated knowledge of Company accounting, budgeting and financial forecasting procedures and systems.
• Demonstrated detailed knowledge of the Company's cost of service, revenue requirement procedures, and fuel clause adjustment procedures.
• Four years of analyst experience.
• Proficient at database and personal computer analytical and reporting tools. Periodic overnight travel required; requires extensive overtime.

Preferred Requirements

• Utility pricing experience
• Regulated Utility experience
• Consulting experience
• Excellent written skills

Additional information

Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together.

Our Employee Commitments

• Work that makes a difference
• A team you can count of
• Opportunities to grow
• Rewards that help you thrive

Non-Bargaining

The anticipated starting base pay for this position is: $90,000.00 to $120,000.00 per year

Benefits

This position is eligible for the following benefits:

Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Flexible Spending Account, Health Care Flexible Spending Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave

• Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.
• In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.

Deadline to Apply: 11/27/26

All Xcel Energy employees and contractors share responsibility for protecting the company's information and systems by adhering to cybersecurity policies, standards, and best practices, recognizing that cybersecurity is everyone's responsibility.

Accessibility Statement

• Xcel Energy endeavors to make and accessible to any and all users.
• If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form.
• For any other application related questions, including application follow-ups or technical issues, please use our Recruiting Assistance, Electra, for assistance.
• Electra can be found in the lower right-hand corner of our Xcel Energy Careers site.