Business Development Director (Power) Job at Targa Resources
JOB FUNCTIONS AND KEY RESPONSIBILITIES:
- Manage contracts with Retail Electric Providers.
- Provide support for projects involving interaction with Oncor, ERCOT, etc. (any project that requires new electrical connections or sub-stations)
- Manage power hedges. Maintain worksheet that tracks all the hedges, current and future pricing, current and forecasted loads, etc. Quote on forward pricing on a regular basis.
- Manage Demand Response and 4CP mitigation. This requires a lot of interaction with Operations at a field level.
- Analysis/assistance with micro-grid and Private Use Network systems.
- Analysis/assistance with co-gen or distributed generation projects.
- Manage power disruptions (i.e. hurricanes, URI, etc.)
- Analyze the short/medium/long-term development in various US power markets.
- Steer the commercial strategy and support final investment decisions (FIDs) for renewable energy assets. Prepare decision proposals and manage internal decision meetings for FIDs and commercial strategies.
- Evaluate and price Power Purchase Agreements (PPAs) & hedge structures. The requires understanding offtake structures and quantifying key commercial risks.
- Build strong relationships with key internal stakeholders.
- Help execute bilateral transactions and participant in congestion auctions to balance portfolio and hedge retail customer contracts under the guidance of traders.
- Assist with maintaining forward curves, including all market-based cost components used in pricing retail contracts.
- Develop and help analyze hedging strategies for energy, shape, basis, capacity, and ancillary positions.
- Stay abreast of market developments.
- Originate, structure and negotiate power transactions in ERCOT that support Commercial Operations.
- Work with internal groups (including Sales, Legal, Risk, Costing, Structuring, Trading, and others) to manage all issues surrounding retail deals and help facilitate and close transactions.
- Understand and be willing to explain market fundamentals and dynamics to a variety of audiences.
MINIMUM ESSENTIAL QUALIFICATIONS:
- Bachelor’s degree in Finance or Accounting
- Minimum of 5+ years of experience via investment banking, management consulting, private equity, or industry
- Demonstrated quantitative skills with proficiency developing financial models and analyzing financial statements
- Exposure to M&A transactions
- Developed project management skills
- Strong business acumen and keen interest in the energy industry
- Excellent written and verbal communication skills
- High level of professionalism, maturity, and attention to detail
- Self-starter with ability to handle multiple projects and meet strict deadlines
- Proficiency in Microsoft Excel, Word, and PowerPoint
- Regular and reliable attendance
PREFERRED QUALIFICATIONS:
- Experience in the energy industry, preferably with midstream exposure
EQUAL EMPLOYMENT OPPORTUNITY:
Targa Resources provides equal employment opportunities based on merit, experience, and other work-related criteria and without regard to race, color, ethnicity, religion, national origin, sex, age, pregnancy, disability, veteran status, or any other status protected by applicable law. We also strive to provide reasonable accommodation to employees’ beliefs and practices that do not conflict with Targa’s policies and applicable law. We value the unique contributions that every employee brings to their role with Targa.
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