Senior Term Trader Career Path This level is close to an expert in either power or gas. At this level, cash through term trading is expected. Principal Term Trader Career Path This level is an expert in the power and/or gas markets, leading the group’s discussions and views, which are then reflected in PGE’s positions. Cash through term trading is expected at this level. Preschedule Planning Serves as an expert when it comes to communicating impacts of term trading on preschedule operations. Leads Term to Day-Ahead strategy discussions (e.g., “Hand Off” meetings) and can clearly outline the Term Teams thought process in providing position(s) to Day-Ahead. Marketing Strategies Serves as an expert on the commodity energy markets and captures market information that will facilitate economic transactions. Demonstrates ability to build relationships with PGE originators (e.g., Structuring and Origination and Renewable Initiatives) and can guide them to find products needed to hedge the position. Evaluates business-related software applications and implements improvements to products; provides training and guidance on power and gas marketing to less experienced traders. Transaction Execution Understands the forward position and how changes to the portfolio mix and load will impact not only the forward position but the impact to Day-ahead and Real-time operations. Acquires sufficient and cost-effective supplies of wholesale energy commodities to reliably serve PGE load and contractual commitments. Leads PGE’s deterministic position management; independently negotiates and executes approved transactions to meet customer demand, optimize company assets and maintain system integrity. Maintains qualification to execute short-term (next-day) power and/or gas trades but primary focus is long-term (up to 24 months) power and/or gas trades in commodity markets with approved counterparties. Leads the development and execution of mid-term hedging strategies beyond 24 months. Leads transaction strategy and execution specific to FERC jurisdictional products beyond power and natural gas (e.g., Congestion Revenue Rights). Mentors junior team members in transacting of FERC jurisdictional produces with less complexity (e.g., Renewable Energy Certificates and Carbon Allowances.) Works with Credit and Contracts Department to establish new trading partnerships and opportunities. Power and Gas Portfolio Management Analyzes PGE’s commodity positions and makes recommendations on optimizing the value of PGE’s assets. Performs both technical and fundamental analyses of regional power and regional/national natural gas markets; recommends and implements hedge execution strategies to optimize company assets and manage risk. Develops and operates models to determine the likelihood of favorable plant economics based on power and fuel prices for various time frames. Plans the most efficient and profitable operation of generation assets and contractual resources in the portfolio based on such modeling. Evaluates and coordinates the timing of scheduled plant outages with the resource coordinator to ensure that plant availability is maximized when plant profitability is highest, while performing necessary plant maintenance. Collaborates with long-term resource and planning groups to review asset acquisitions. Strategy Leads in managing PGE’s forward probabilistic power and gas positions consistent with approved hedging strategies and exposure limits. Performs complex ad-hoc analyses to support strategic portfolio decisions. Researches commodity electricity and natural gas markets to master the market fundamentals and develop trading strategies. Internal Guidance and Coordination Serves as technical lead; assists in training Operations staff in power and gas trading and delivery. Provides technical oversight and coordination of trader activities to ensure alignment. Coordinates with Power Operations managers to align program goals concerning trading and position strategy; interfaces with traders to provide real-time decision support. Ensures cross-functional alignment for implementation of programs. Cooperates with Term, Prescheduling and Risk Management to ensure compliance with policies and practices. Provides operational leadership concerning state and federal regulatory impacts to Power Operations and helps coordinate compliance with applicable Federal Energy Regulatory Commission (FERC) orders, North American Electric Reliability Corporation (NERC), Western Electricity Coordinating Council (WECC) and other applicable reliability standards and transmission tariffs and business practices. Assists in the development of power and gas policies and procedures. Ensures internal stakeholders at manager, general manager and VP levels are informed of program goals, activities, results and issues. Monitors within month power cost changes and partners with Power Cost Forecasting to lead the development of net variable power cost forecasts used by corporate forecasting. Partners with Rates and Regulatory Affairs to lead the development of testimony and response to data requests to support rate case requirements and outside stakeholder data requests. Accounting and Reporting Accounts for all details of term and prescheduled transactions; ensure real-time and back-office personnel are provided with daily preschedule documentation. External Relations Represents PGE in industry-related regional and national organizations and forums, including technical committees and workgroups. Education Requires a bachelor’s degree in finance, economics, engineering, math, science, marketing or other related field or equivalent experience. Principal Experience Typically, 12 or more years in energy trading, derivatives, marketing or bulk electronic and gas system management or related field. Senior Experience Typically, eight or more years in energy trading, derivatives, marketing or bulk electronic and gas system management or related field. Functional Competencies Principal proficiency level: expert Senior proficiency level: advanced Knowledge of Western electrical and natural gas grid supply and demand components, along with all of its assets. Ability to function with an entrepreneurial and competitive perspective to assist PGE in actively trading in commodities and executing power transactions. Skills in analyzing energy market conditions or trends. Knowledge of California Independent System Operator (CAISO) bidding and strategy as it pertains to Day-Ahead. Knowledge of the operational capabilities of hydroelectric, coal and natural gas plants. Knowledge of WECC trading and scheduling practices. Knowledge of physical/financial gas trading fundamentals and dynamics. Knowledge of PGE organization, business objectives and marketing capabilities. Knowledge of electric utility operations, PGE accounting and economics. Knowledge of PGE business practices. Ability to develop and present proposals and information to a diverse group of customers and clients. Ability to manage trading book and earn a profit. Spreadsheet and database computer skills. Working knowledge of WSPP, International Swaps and Derivatives Association (ISDA), Gas Industry Standards Board (GISB) and North American Energy Standards Board (NAESB) agreements. General Competencies Analytical thinking skills. Decision-making skills. Problem-solving skills. Interpersonal skills. Written and oral communication skills. Cognitive Level for Principal & Senior level Substantial: Consistent use of logic or scientific thinking to define problems, collect information, establish facts and draw valid conclusions (for example, engineer, HR director, plant manager, etc.).