Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve more than 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 334,000 natural gas and 433,000 electric customers in Louisville and 16 surrounding counties. KU serves 569,000 customers in 77 Kentucky counties and five counties in Virginia. LG&E and KU are major employers and active supporters of the communities they serve. They empower employees, community members and initiatives across their service territory through volunteerism and investments in organizations that support education, sustainability and wellbeing.
Overview
At the direction of Management, shall perform short term power and/or natural gas transaction operations in order to optimize the value of the utilities’ generating assets and serve native load customers. Short term trading operations, include, but are not limited to: buying and selling power, purchasing transmission service & creating e-tags to facilitate the flow of power; buying natural gas, procuring pipeline transportation, placing and confirming nominations, tracking, reporting & managing shipping and storage imbalance inventory; performing data analysis, recording transactions and reconciling all activities.
This postion is an onsite position and will be required to be onsite 100% of the time.
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Responsibilities
Develop trading, scheduling, nomination and related ancillary skills to independently and effectively evaluate, conduct and execute physical energy commodity transactions to maintain electric system reliability at the lowest reasonable cost With oversight, works in close coordination with the power dispatch desk to utilize the generation fleet of assets in an optimal economic manner while maintaining system security and integrity Interacts with regional ISOs and qualified counterparties to execute real-time and near term transactions in the wholesale power markets to maintain and enhance the reliability of the power supply portfolio and support the off systems sales revenue targets; including making appropriate transmission reservations, managing ramp time and entering e-tags via the OATI system Interacts with qualified counterparties via electronic platforms and direct contact to execute near term natural gas purchases supplying fuel to the combustion turbines, economically allocates the available pipeline transport capacity, places nominations for gas delivery, monitors pipeline and/or storage imbalance and inventory, takes actions to support the efficient use of Company resources and reports intentions and actions to management. Responsible to review power and gas transactions to ensure that all relevant aspects including prices, transmission, counter party and contractual terms are favorable and consistent with the company’s risk management guidelines and standards Confirms, in advance, the scheduling and nominations for delivery of power & gas to/from various counterparties and acts in a timely fashion to ensure that all transactions are accurately recorded and effectively and efficiently executed Accurately maintains all pertinent energy information in appropriate database: Commodity Trading System (CTS), spreadsheets, etc. Assures FERC, NERC and company compliance standards are met and maintained Perform effectively in a fast paced environment with critical time deadlines every hour Develops and demonstrates sound, productive decision making skills Performs other duties as assigned by management
Qualifications
EDUCATIONAL EXPERIENCE
Bachelor’s degree in a discipline requiring the application of analytical skills and the exercise of quantitative abilities, or an equivalent combination of education and experience on a year-for-year basis, is required. Relevant industry experience and excellent communication skill is required.
SPECIAL QUALIFICATIONS
Knowledge of PC software, especially Microsoft Office type applications (i.e., spreadsheet, word processor, etc.). Analytical skills to enable mathematical analysis pertinent to energy and financial decisions.
WORK CONDITIONS
Active, professional office environment.
PHYSICAL EFFORTS
Mobility in an office environment.
ATTENDANCE
Regular attendance and availability is essential for satisfactory performance in this position. Must have ability to work 12-hour rotating shifts, including some weekends and accept schedule changes with minimal notice. Availability after-hours is required as business needs dictate.