Portfolio Manager - Power Purchase

Xcel Energy (NASDAQ: XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar - delivering better service and providing more reliable, resilient, and sustainable energy.

Xcel Energy is a place where you’ll have opportunities to grow, expand your skills, and help lead the clean energy transition. We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you’ll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best.

Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs.

Position Summary

Negotiate and administer long-term power purchase agreements and associated legal documents between Xcel Energy and independent power producers (IPPs), to meet customer needs, minimize cost, and optimize the power supply portfolio.

Essential Responsibilities

• Under the guidance of the Power Purchase (PP) leadership, support the negotiation of long-term power purchase agreements and development of new model contracts. Work with legal counsel to independently negotiate associated documents including, but not limited to, amendments, financing documents, and metering & billing agreements. Work closely with legal counsel and PP leadership to maximize risk mitigation and supplier performance.
• Manage and monitor long-term contract terms and conditions to ensure counterparty compliance. Provide performance governance for facilities in the IPP portfolio across the operating companies.
• Demonstrates effective contract management and ensures effective collaboration of multi-disciplinary teams needed to coordinate the activities between the company and power project developers to ensure facilities come on-line as planned and provide the service contracted for.
• Maintain frequent contact and strong internal business relationships across the Company. Develop a solid professional working relationship with the Company's IPPs. Identify and develop effective solutions to contract issues - identify ways to improve purchase value and optionality. Resolve basic party disputes.
• Initiate and receive timely approval of contracts and related documents through internal approval processes, including contract development, approval, and delegation committees and executive approval. Support Regulatory filings and internal/external data requests by thoroughly understanding and providing contract and transaction details as needed and drafting testimony and answering intervener interrogatories for management review.

Minimum Requirements

• Bachelor's degree in engineering, business, economics, finance, or similar, or otherwise equivalent experience.
• Minimum 2 years experience in energy industry including significant experience working on contract or asset management and other detailed technical power generation matters, working on legislative and/or regulatory issues related to power procurement, and negotiating and administering contracts.
• Strong interpersonal, analytical, organizational, and communication skills.
• Previous experience in system operations, regulatory affairs, contract law or system planning is a plus.

Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together.

Our Values

Connected, Committed, Trustworthy, Safe

Our Employee Commitments

• Work that makes a difference
• A team you can count of
• Opportunities to grow
• Rewards that help you thrive

Xcel Energy provides job applicants reasonable accommodations for disabilities throughout the application process. If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form.

Non-Bargaining

The anticipated starting base pay for this position is: $97,600.00 to $138,600.00 per year

This position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave

Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.

In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.

Deadline to Apply: 10/15/26

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Accessibility Statement

Xcel Energy endeavors to make https://www.xcelenergy.com and https://jobs.xcelenergy.com accessible to any and all users. If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form. For any other application related questions, including application follow-ups or technical issues, please use our Recruiting Assistance, Electra, for assistance. Electra can be found in the lower right-hand corner of our Xcel Energy Careers site.

About Us

You. Us. Together.

At Xcel Energy, we’re more than an energy company. We’re reinventing how we power communities. Redefining how we care for customers. Reaffirming our commitment to the planet. We’re committed to leading with equity and inclusion.

You’re not waiting for change – you’re creating it. You’re driven to protect the environment, support your community, and seek innovation. You want a career that grows with you and an employer who values you. You are reliable, trustworthy and bring integrity to everything you do.

We are leading the way in clean energy. We’re using technology and innovation in every facet of our company. We’re providing safe, stable jobs with robust benefits. We keep our customers at the center of all we do. We’re committed to hiring a workforce that reflects the communities we serve.

Together, we can provide carbon-free electricity by 2050. Together, we can take care of the environment and our communities. Together, we can create a place where everyone belongs. Together we’re building a better tomorrow.