Title: Supervisor Regulatory Accounting - FERC
Location: USA-FL-Juno Beach
Other Locations: USA-FL-Juno Beach
General:
This position is responsible for regulatory accounting, reporting and cost recovery related to FPL's wholesale business under jurisdiction of the Federal Energy Regulatory Commission (FERC). The individual is responsible for the cost of service development of FERC formula rates and managing the Company's accounting interests as it relates to FERC policy, rules and requirements. This includes but is not limited to developing and defending accounting positions taken in FERC filings, preparing testimony and exhibits supporting those positions, and answering discovery requests from FERC Staff or FPL's customers.
Specific Responsibilities:
FERC Ratemaking:
* Prepare written testimony as needed before the FERC on accounting matters related to wholesale activities.
* Preparation or oversight, as appropriate, of annual accounting updates of FERC formula rates.
* Preparation or oversight, as appropriate, of responses to data requests from FERC staff and customers related to formula rates or other wholesale agreements.
* Preparation or oversight, as appropriate, of accounting related revisions to FERC formula rates, including 205 filings.
* Develop professional relationships with FERC staff to ensure credibility and to gain insights and understanding on FERC ratemaking and policy issues.
* Monitor proposed FERC rulemakings, determine impacts to FPL and design and coordinate implementation of new rules.
* Develop expertise from a FERC accounting practice perspective in order to act as point person for the accounting team to participate in any FERC transmission related projects especially as it relates to current FERC policy making on Transmission reliability.
* Collaborate with jurisdictional analysis team to ensure that system assets are properly recognized in various jurisdictional cost of service calculations.
* Stay abreast of FERC policy and practices and track specific issues in other company wholesale formula filings to ensure FPL optimizes its rate results in wholesale proceedings.
Wholesale Contract Support :
* Partner with EMT and FPL financial forecast team in development of new wholesale contract opportunities to ensure accounting can provide the financial information necessary to develop the required rates.
Process Management:
* Collaborate/guide Transmission, rates and accounting Bu's on development of a secure process to ensure proper and efficient cost of service ratemaking under multiple contract and jurisdictional views.
* Engage in the review of options to enable jurisdicational cost of service ratemaking in a more automated and efficient fashion with the management of jurisdictional analysis in Regulatory accounting.
* Provide expert guidance and oversight to the revenue accounting team as it transitions responsibility for Transmission revenue billings.
Experience and Educational Requirements:
* Bachelor's degree in Accounting, Finance, Economics or related field. Advanced Degrees are a plus.
* Experience in regulatory accounting and or ratemaking for public utilities strongly preferred.
* CPA a plus.
* Excellent analytical skills required.
* Previous supervisory experience preferred.
Other:
* Excellent written and oral communication skills.
* Proficient in all Microsoft office computer applications along with experience in working with financial asset/ general ledger systems.
* Proven ability to use tactical skills in order to optimize the results of these jurisdictional opportunities.
