SMUD · 1 day ago
Manager Renewable and Carbon Portfolio Planning
Sacramento, CA
Full-time
Hybrid
Senior Level
$160K/yr - $211K/yr
5+ years expSacramento Municipal Utility District (SMUD) has been a progressive publicly owned electric utility for over 75 years, dedicated to delivering reliable and affordable electricity while leading the clean energy transition. The Manager of Renewable & Carbon Portfolio Planning will oversee compliance with renewable portfolio standards and carbon credit management, ensuring regulatory requirements are met while maximizing portfolio value.
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Hiring Manager
Arisbeth R.
Responsibilities
Manage SMUD’s Renewable Energy credit (REC) portfolio to maximize the value of the Renewable Portfolio Standard (RPS) and California Air Resources Board (CARB) Carbon Allowance allocations; ensure compliance with California’s RPS requirements and manage RECs for SMUD’s green pricing programs; develop long-term strategies for using Cap and Trade Carbon Allowances to meet financial objectives; conduct risk evaluation to determine trade-offs in decision-making; maintain RPS compliance and enforcement reports, ensuring adherence to California Energy Commission (CEC) requirements; coordinate with SMUD’s Resource Planning team on REC needs for compliance
Oversee compliance with regulatory filings such as RPS and Power Source Disclosure (PSD); represent the department in cross-functional teams discussing renewables and carbon credits; act as the subject matter expert on new regulatory requirements proposed by CEC and CARB; assess regulatory changes and ensure new renewable contracts meet compliance requirements
Provide supervisory oversight for SMUD’s RPS and Carbon portfolios; develop and present RPS and Carbon allowance outlook information to management; maintain models and forecasts for accurate reporting and update long-term strategies; collaborate with budget and finance teams to reflect compliance costs and forecast allowance values; support decision-making on renewable and carbon-free resources in coordination with Resource Planning
Ensure timely and accurate RPS and PSD compliance and annual reporting with the CEC and maintain accurate record keeping supporting compliance
Support SMUD’s overall Integrated Resource Planning process
Provide supporting analytics for business practices and projects to senior management, the Board, and the public; present forecasting and market data to inform key stakeholders of economic factors affecting SMUD policy and direction
Direct the work of subordinates, ensuring staffing levels and work quality meet defined objectives; interpret and execute SMUD’s policies and procedures, oversee and evaluate work, and ensure staff safety; hire, train, coach, mentor, and develop subordinates to solve complex problems and meet project and operational schedules and budgets
Monitor unit budget expenditures, identify and reconcile anomalies, and revise schedules and assignments as needed; develop unit budget recommendations and participate in the review of the preliminary department budget
Oversee internal and external department projects, including developing project plans, negotiating contracts, and monitoring progress; ensure projects are completed within scope, budget, schedule, and meet SMUD’s quality and policy standards
Perform other related duties as needed to include working outside of typical business hours when necessary
Qualification
Required
Bachelor's degree with major course work in business administration, economics, finance, electrical engineering, or a related field from an accredited college or university, or equivalent experience. If no degree, nine or more (9+) years of relevant experience are required
At least five (5+) years of progressively responsible relevant work experience conducting forecasting and economic analysis, including at least five (5) years of supervisory and/or managerial experience. Experience can run concurrently
Direct on-the-job training activities; establish, manage, monitor, and update a budget; interpret and apply SMUD policies procedures, applicable MOU and/or other special agreements; participate with upper management to establish corporate strategic plans and objectives; plan, organize, direct, control, and review the work of others; compile and prepare technical, statistical and/or analytical reports and presentations; develop and conduct oral presentations to internal/external audiences; explain complex and/or controversial policies, regulations, procedures, and/or activities internally/externally; express ideas/facts clearly and concisely one-on-one or to groups, taking into account the audience and nature of information; monitor and manage projects; plan, organize, prioritize, and schedule projects; assess complex issues and develop/implement resolution alternatives; identify the potential long-term outcomes of a change in operations; develop an estimation of how a system should work under ideal conditions; gather data from appropriate sources and identify relevant factors; generate a number of viable alternatives to problems; interpret, evaluate and apply pertinent policies, procedures, regulations, and requirements; interpret, clarify, understand, and assess verbal/written information and ideas; organize highly complex and conflicting data in a readily understandable manner for various audiences; prepare a business case to weigh the relative costs and benefits of a potential action; supervise development of financial and economic models of utility operations and interactions; provide quality control over forecasts, analysis and key economic indications; direct staff in searching, acquiring and interpreting data used to assess SMUD's industry position; utilize a personal computer and/or computer terminal, systems and software relevant to the job; communicate effectively orally and in writing internally/externally; establish and maintain effective working relationships internally/externally
Preferred
Demonstrated experience managing a multi-million dollar renewable energy or carbon credit portfolio for a utility, government agency, or private sector organization
Track record of developing and implementing long-term compliance strategies for California RPS or similar renewable portfolio programs
Proven ability to interpret and apply complex energy market regulations, including those issued by the California Energy Commission and California Air Resources Board
Experience negotiating, managing, and optimizing contracts for renewable energy resources or environmental commodities (such as RECs or carbon allowances)
Advanced proficiency in quantitative analysis, forecasting, and reporting using tools such as Excel, Power BI, or energy market modeling software
Leadership experience overseeing cross-functional teams, including performance management, professional development, and mentoring in a compliance or resource planning environment
Successful development and delivery of executive-level presentations on portfolio performance, market trends, and regulatory impacts
Experience collaborating with internal departments (such as resource planning, finance, legal, or external affairs) to achieve compliance goals and maximize portfolio value
Proven record of identifying process improvements, increasing operational efficiencies, or reducing compliance risks in a renewable energy or carbon credit program
Experience with forecasting, strategy, and compliance of CARB's Cap-and-Invest Program
Benefits
Competitive pay
Great benefits
Company
SMUD
SMUD provides electricity to Sacramento County, California.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
$10MKey Investors
California Energy Commission
2024-07-23Grant· $10M
Leadership Team
P
Paul Lau
CEO
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