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American Electric Power · 1 day ago

Procurement, Contract & Operations Specialist (Mid - Sr) - fuel/coal (Commercial Operations)

Columbus, OH

Full-time, Contract

Onsite

Mid, Senior Level

$75K/yr - $109K/yr

3+ years exp

American Electric Power is an energy company committed to delivering safe, reliable, and innovative energy solutions. The Procurement, Contract & Operations Specialist is responsible for managing fuel supply and transportation for the company's regulated operating companies, ensuring compliance with contractual terms, and optimizing costs.

Clean EnergyEnergyEnergy ManagementFinancial Services

Responsibilities

Identify Fuel needs for AEP's regulated generating units and assist in the development of procurement plans for a reliable, flexible and competitively priced supply and transportation portfolio

Negotiate contracts with counter-parties and actively manage the Fuel portfolios of AEP's regulated operating companies to maintain a reliable, diverse and flexible Fuel supply at the lowest, reasonable delivered cost, while ensuring compliance with contractual terms and conditions

Perform timely and accurate Fuel supply nominations on various web-based nomination/scheduling systems in accordance with the transporter's operating procedures and deadlines

Must be available 24/7, including weekends and holidays if called upon to procure and schedule Fuel supplies

Enter and ensure the integrity of the data records in the internal IT systems (ComTrac, FuelWorks, Position Manager, Consumables Management, etc.)

Closely monitor and manage Fuel deliveries, inventory, imbalance/demurrage positions, railcar leases and maintenance, etc. consistent with short and long-term strategies, ensuring asset optimization and appropriate performance by counterparties

Actively participate in the marketplace, staying abreast of market pricing trends, Fuel contracting methods, supply availability, available transportation connections/alternatives and potential operational constraints

Closely coordinate with Production Optimization, Day Ahead Operations, Generation Dispatch and power plant employees to understand Fuel requirements and to develop and provide cost information for each unit

Maintain a thorough knowledge of the transporters serving the regulated operating companies' generating plants and associated contractual agreements/tariffs, including contract obligations, receipt points, delivery points, transport commodity rates, fuel retainage/surcharges, allocations, etc

Provide updates to appropriate AEP personnel regarding Fuel supply and transportation operating conditions and maintenance. The update will provide detailed information as to how the operating conditions will impact the receipt and delivery of Fuel

Develop and maintain effective relationships with Fuel suppliers and transporters to provide low-cost, reliable Fuel arrangements with appropriate flexibility for AEP's regulated generating fleet

Market excess Fuel, terminal and railcar capacity and Coal Combustion By-Products

Maintain an awareness of legal, accounting, regulatory/governmental issues and/or initiatives that may impact Fuel supply and transportation arrangements. Recommend contract pricing provisions and amendments, when necessary

Coordinate with regulatory, environmental, generation, contract administration, plant personnel, settlements, accounting and confirmations to appropriately resolve all Fuel issues

Prepare Fuel testimony schedules and work papers to support fuel/environmental cost recovery and related regulatory proceedings, including responses to data requests from regulatory agencies and other internal and external entities

Ability to communicate ideas and recommendations to key stakeholders ensuring coordinated solutions across Regulated Commercial Operations

Support other AEP business units with routine Fuel cost reporting; special projects and analysis support; Sarbanes-Oxley compliance testing; internal and external audit coordination; and other duties as assigned and appropriate

Fuel Buyer will assist in the development of procurement strategies, support negotiations and preparation of analysis and presentations for senior level evaluation and consideration

Qualification

Fuel procurementContract negotiationsRegulatory complianceMarket analysisData managementMicrosoft OfficeCommunication skillsSelf-starter

Required

Bachelor's Degree required in Engineering, Business, Finance, Accounting, Geology, Earth and Mineral Sciences or equivalent education and/or experience

Minimum of three (3) years of experience in the energy or electric utility industry with a background in fuel procurement, including contract negotiations, plant and transportation operations and regulatory requirements for Fuel cost recovery

Must be available to work overtime, call-out overtime and shift work, as required

Travel requirements are expected 10-25% of the time

Strong oral and written communication skills

Proficiency in Microsoft Office programs, including Word, Excel, PowerPoint and Microsoft Outlook

Must be available 24/7, including weekends and holidays if called upon to procure and schedule Fuel

Self Starter