Load Forecasting Specialist

Requisition: 77311
PSEG Company: PSEG Long Island
Salary Range: $ 63,500 - $ 100,500
Incentive: PIP 10%
Work Location Category: Hybrid
PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model, roles have been categorized into one of four work location categories: onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.
PSEG offers a unique experience to our more than 12,000 employees - we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.
Job Summary
This position provides analytical support to the Power System Management organization, which includes developing forecasts of electricity use for 1.1 million Long Island customers with annual sales of over 18,000 GWH and a summer peak load of 5,400 MW.
Candidates will interact with all members of Power Markets as well as colleagues in Finance, Energy Efficiency, Electric Operations and with Long Island Power Authority (LIPA), New York Independent System Operator
(NYISO) and New York State Dept. of Public Service (DPS). The range of activities for this position may run from analyzing and explaining customer electric use to acting as lead with other PSEG Long Island organizations for financial, resource and reliability planning. The candidate is expected to become the subject matter expert (SME) and to be able to coach and lead others.
More specifically, responsibilities will include, but are not limited to, the following:
Job Responsibilities

• Monitor electricity use, weather, economic and demographic results and develop variance analyses for reporting to PSEGLI, LIPA and DPS each month.
• Participate on the NYISO's Load Forecasting Task Force (LFTF) to ensure compliance with federal, regional and New York State regulatory requirements for reliability
• Prepare written testimony and exhibits supporting PSEGLl's load forecast for DPS Rate Cases
• Respond to requests from federal, regional, state and local authorities for historical and forecasted utility data and analyses
• Develop regression models for the weather normalization and probabilistic distribution of System Peak Demand
• Create spatial load, load pocket, feeder and extreme weather forecast projections to support of Distributed System Implementation Plan (DSIP) goals under the NYS DPS Reforming the Energy Vision (REV) initiative
• Prepare operational analyses and provide recommendations for deployment of real time peak load reduction programs
• Support regulatory proceedings and forecast requirements for Fuel & Purchase Power Cost Projections, Capital Budgets, PSEGLI Integrated Resource Plan, LIPA Financing & Securitization and various ISO filings including FERC 715
• Develop hourly electric load simulations foreconomic dispatch production cost modeling
• Support other PSEG LI organizations by providing expertise in applied mathematics

Job Specific Qualifications
Required

• Bachelor's degree in Mathematics, Economics, Engineering, Computer Science, or a similar quantitative major
• Minimum of 3 years' experience in quantitative analysis, with at least three years' experience with the utility industry, working for an electric investor-owned or public utility company, a company participating in the electric power markets, as a consultant to a public or private utility, or a similarly situated government policy or regulatory body.
• Must have skill in regression analysis.
• Demonstrated ability to design and use complex spreadsheets.
• Proficient in MS Office Tools.
• Must have excellent interpersonal, verbal and written communication skills.
• Proficient programming skills in SAS or similar statistical analysis software

Desired

• Master's Degree preferred.
• Excellent analytical skills and the ability to identify trends and relationships in data.
• Conceptual thinking and creative problem solving abilities.
• Capacity to manage multiple projects and meet deadlines.
• Convincing oral and written communication skills and the ability to manage complicated processes.

Minimum Years of Experience
3 years of experience
Education
Bachelors
Certifications
None Noted
Disclaimer
Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.
PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.
As an employee of PSEG you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
For all roles, PSEG's drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident/accident testing. For employees in federally regulated roles (including positions covered by USDOT, PHMSA, or NRC regulations), this also includes random testing. Although numerous states throughout the country have legalized marijuana/cannabis products recreationally and/or medically, it is prohibited for employees in federally regulated roles. Employees who are hired or transfer into a federally regulated role are subject to drug and alcohol testing, inclusive of marijuana. Please note that the use of CBD products may result in a positive drug test for THC/Marijuana and such use is not a legitimate medical explanation for such a positive result.
PSEG employees must apply for jobs internally through emPower which can be accessed through sharepoint.pseg.com by clicking on the emPower icon, then selecting careers. This site (PSEG Careers and Job Openings) is strictly for candidates who are not currently PSEG employees, with the exception of PSEG employees who do not have company email addresses.
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email accommodations@pseg.com.
If you need to request a reasonable accommodation to perform the essential functions of the job, email accommodations@pseg.com. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
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