Regulatory Specialist / Elexicon Energy

Regulatory Specialist

Elexicon Energy’s is the fourth largest municipally owned local hydro utility in Ontario servicing over 178,000 residential and business customers across the eastern part of the Greater Toronto Area including Pickering, Whitby, Ajax, Clarington, Belleville, Gravenhurst, Uxbridge, Port Hope, Scugog and Brock. We are the fastest growing public electric utility in the province, in an electrifying industry that is shaping the discourse across multiple sectors as Canada drives towards its commitment to achieving net-zero emissions by 2050.

WHY JOIN OUR TEAM?

At Elexicon Energy we believe in living and leading our values through our daily actions. Our people are passionate about what they do and are engaged in day-to-day operations, projects, and initiatives to support Our Why of empowering the communities we serve and helping customers create the possibilities that energize their future. This is an exciting time to join our growing team as we develop strategies and plans to support a new brand and vision for customer centricity and operational excellence!

The successful candidate will display a track record that mirrors Elexicon Energy’s values of safety, kinship, responsiveness, competence, and mindfulness; and will espouse our motto of “response-ability” in their approach to work.

Reporting to the Manager, Regulatory Applications and Accounting and is responsible for preparing, reviewing, and planning all activities related to applications filed by electricity distributors (such as, rate applications, cost of service applications, service area amendments, RRR filing). 

This role is a key contributor to Elexicon’s budget and financial planning, as well as regulatory processes and reporting. This includes load and customer forecasting, rate design, rate implementation in support of the Company's applications for distribution rates, and as required in the day-to-day operations. In addition, this role is responsible for supporting various tracking and settlement processes related to the wholesale energy markets, deferral and variances accounts, and providing ancillary subject matter expertise support on rates-related matters as required.

DUTIES & RESPONSIBILITIES

• Preparation of data, analysis, and related evidence required for cost of service and annual rate updates, OEB Reporting & Record-Keeping Requirements, and other regulatory submissions (e.g.: Ontario Energy Board (OEB) consultations on rate design; Market Renewal Program).
• Completes various data analysis, including distribution revenue variance, regulatory reporting analysis and benchmarking studies.
• Gathers, analyzes and reports data to internal and external agencies (e.g.: Regulatory filings, budgets, external driven survey and data requests, etc.) to maintain regulatory compliance.
• Provides quantification, data analysis and evidence-writing support, and supports all lines of business in preparing for various regulatory filings including cost of service applications, annual updates and other regulatory proceedings.
• Performs monthly wholesale settlement processes (IESO invoices, NUG data, RESOP/FIT/MFIT data) as required by the IESO Market rules and as an input into monthly financial reporting.
• Reviews, configures and implements new rates - distribution, commodity, regulatory - as determined by the OEB or other regulatory bodies (i.e. Ministry of Energy, Independent Electricity System Operator) in Elexicon’s billing system to bill customers in a timely and accurate fashion.
• Maintains and updates reports and databases required in financial reporting and for internal/external agencies.
• Represents and advances the organization's regulatory strategy, acting as a subject matter expert at regulatory proceedings and industry stakeholder engagements.

KEY SKILLS & QUALIFICATIONS

• Experience in energy, regulated utilities such as electricity, nuclear, natural gas, or related power industry, or within a highly regulated technical sector is preferred.
• Strong skills in research, analytical and information management analysis, meaningful data interpretation and problem-solving ability.
• Familiarity with Regulatory Accounting (Modified IFRS) is strongly preferred.
• Knowledge of distribution rate-making fundamentals is preferred (consideration for other rate regulated industries).
• Knowledge and understanding of financial and operating consequences of regulatory rules, policies and proposals.
• Excellent qualitative and quantitative analytical/critical thinking skills to identify and solve a wide range of business problems.
• Project management skills.
• Strong spreadsheet and numerical skills.
• Good verbal and written communication skills.
• Ability to research, understand and interpret external regulations or supporting materials produced by regulatory bodies (i.e. OEB).
• Advanced ability to evaluate and resolve complex regulatory and issues due to extensive knowledge of related regulatory requirements.
• Ability to influence, lead and manage stakeholder relationships.

MINIMUM REQUIREMENTS

• Bachelor’s degree in relevant financial or technical field (e.g. Economics, Business Administration, Engineering, Finance).
• Five (5) years professional experience in regulatory affairs, rate applications, and/or accounting.
• Graduate degree in above disciplines (preferred).

Application Deadline: July 31, 2024, at 11:59 pm

Please note: Elexicon’s Vaccination Policy requires confirmation of full vaccination status as a condition of employment.

Interested and qualified applicants are encouraged to visit our Elexicon Energy Career page and apply through the portal at https://elexiconenergy.com/careers.

We thank you for taking the time to apply with Elexicon Energy. A successful candidate who meets the qualifications and experience for the position will be contacted for an interview. Please note that accommodations can be provided upon request via email at hr@elexiconenergy.com.

OUR COMMITMENT TO DIVERSITY, INCLUSION, EQUITY, AND BELONGING:

Elexicon Energy embraces and celebrates our collective diversity. We are committed to fostering an inclusive, diverse and equitable workplace built on respect, support and collaboration.

Elexicon Energy Inc. is an equal opportunity employer. We value an inclusive and supportive workplace which truly reflects the diversity of the communities we serve. We welcome all individuals to apply and do not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, disability, age, Indigenous/Métis status, or other legally protected status.

In accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act, 2005, accommodation is available upon request at any point during the recruitment process. If you require accommodation, please let us know and we will work to meet your needs.