Principal Rate Analyst

Southern Company is hiring a Principal Rate Analyst in Gulfport, MS, responsible for designing and implementing electric rates and adjustment clauses for Mississippi Power. The role involves supervising two analysts, conducting revenue forecasts, and supporting regulatory proceedings. Candidates should have a relevant bachelor's degree, preferably 5 years of utility experience, and strong analytical skills. Knowledge of rate design and regulatory procedures is essential.
Rate Analyst

JOB SUMMARY

This position is accountable for the design, development, and implementation of electric rates and adjustment clauses for Mississippi Power and the support of other departments related to rates and pricing. This position supervises two rate analyst positions.

JOB REQUIREMENTS
• A bachelor’s degree in a technical field (e.g., engineering, mathematics, computer science) or a business-related field (e.g., accounting, finance, economics) and preferably 5 years experience in the utility industry. An advanced degree or additional studies in finance, economics, business or related areas is desirable.
• Working knowledge of electric rate design and cost-causation principles for regulated electric service.
• Sound knowledge of quantitative methods and application of PC computer programs, to design appropriate rates and assess the revenue impacts of various programs and strategies. Experience working with large MS Excel spreadsheets, and CSS/C2M is highly desirable.
• An understanding of the rules and regulations for regulated electric service, rate case and regulatory procedures and filing requirements to properly implement and administer rates.
• Analytical problem-solving skills to effectively balance multiple objectives and constraints.
• Quantitative skills to adequately perform traditional and innovative rate design and cost-benefit and profitability analysis.
• Sound analytical judgment, logical reasoning skills and effective communication skills to prepare and present supporting data concerning pricing and rate design issues for customers, Company management and regulatory staff.
• Time management and organizational skills to complete tasks that are subject to regulatory time constraints.

JOB RESPONSIBILITIES
• Retail and Wholesale Base rate Design
• Revenue Forecast development and support
• Support and Analysis for Rates and Regulatory issues
• Base Rate Design: This position is responsible for designing base rates, supporting and advancing Retail and Wholesale pricing, as well as supporting the regulatory proceedings and rate filings to obtain Mississippi PSC/FERC approval as a subject matter expert and potential witness.
• Revenue Forecast: This supervises the team that works with Financial Analysis and SCS Forecasting to develop and produce the MPC Revenue Forecast for Retail and Wholesale rates. This process involves using existing pricing and rates tools and data to take a set of forecasted load information and convert that to a forecast of revenue for the entire customer population. This position is also responsible for the ongoing development and improvement of forecasting methods and tools used.
• New Rate Design and Evaluation: This position works on a team to develop and evaluate innovative pricing and rates approaches to support the long-term pricing and business goals of MPC and evaluates their applicability and impacts to MPC, its customers, and other stakeholders.
• Supervises the team to provide analysis for rates and adjustment clause projects, provides rate and revenue-related inputs to the cost-of-service study and other data necessary to maintain internal and external Company rate and regulatory records.
• Develops a working knowledge of other functional areas such as system planning, accounting, marketing, and energy sales & efficiency to achieve thorough understanding of the total pricing function.
• Support Customer Care Center by researching rate and billing issues to address customer billing questions.
• Analyzes data to maintain an understanding of the customer requirements and the impact of rate structures on customer kW and kWh usage patterns.
• Develops expertise in the use of the various computer models, programs and databases used in performing rate studies and analysis. Assists in the development, revision and testing of these rate tools (GridX, C2M, SAS, MS Excel).
• Lead or participate in interdepartmental teams or special projects in support of MPC goals and objectives.

Mississippi Power , a subsidiary of Southern Company, provides clean, safe, reliable, and affordable energy to more than 192,000 customers and communities in 23 southeast Mississippi counties. For over 100 years, Mississippi Power is a leader in customer service, workforce development and education, environmental stewardship, and employee volunteerism. The company is an industry leader when it comes to working safely, providing around-the-clock reliable service and its expert storm response. Mississippi Power has been at the forefront of innovation in the state through strategic partnerships in electric transportation and solar energy. The company has worked with the Coast Transit Authority to put the state’s first electric public transportation bus in operation and with Forrest County Agriculture High School on the state’s first electric school bus. It also partnered with the Hattiesburg Zoo on a new electric train and worked with the country’s largest Domino’s franchise to electrify its delivery fleet. Also, a leader in renewable energy, Mississippi Power partnered with the Naval Construction Battalion Center to install the first microgrid at a Navy facility. The company was among the first to introduce utility scale solar in the state with nearly 160 MW of renewable energy produced, enough to power 23,000 homes for a year. Mississippi Power’s mission is to provide world-class value to our customers and communities every day.

Southern Company (NYSE: SO) is a leading energy provider serving 9 million residential and commercial customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy infrastructure company with national capabilities, a fiber optics network, and telecommunications services. Through an industry-leading commitment to innovation, resilience, and sustainability, we are taking action to meet our customers’ and communities’ needs while advancing our commitment to net zero emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture and hiring practices have earned the company national awards and recognition from numerous organizations, including Forbes, Military Times, DiversityInc, Black Enterprise, J.D. Power, Fortune, Human Rights Campaign and more. To learn more, visit www.southerncompany.com .

Southern Company invests in the well-being of its employees and their families through a comprehensive total rewards strategy that includes competitive base salary, annual incentive awards for eligible employees and health, welfare and retirement benefits designed to support physical, financial, and emotional/social well-being. This position may also be eligible for additional compensation, such as an incentive program, with the amount of any bonus/awards subject to the terms and conditions of the applicable incentive plan(s). A summary of the benefits offered for this position can be found here https://seo.nlx.org/southernco/pdf/SOCO-Benefits.pdf . Additional and specific details about total compensation and benefits will also be provided during the hiring process.

Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.

Job Identification: 11780

Job Category: Accounting & Auditing

Job Schedule: Full time

Company: Mississippi Power