Principal Asset Consultant

• Denver, Colorado, 80205, United States of America
• Minneapolis, Minnesota, 55401

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

Lead the development of effective strategies for the optimization of Xcel Energy's electric and gas assets. Analyzes, models, develops, and presents operational opportunities and financial perspectives for Xcel Energy's electric and gas assets to create value for our customers and shareholders.

Essential Responsibilities

• Create, execute, and lead strategic and economic analyses that generate recommendations on investment, operational and market strategy, and strategic growth for the regional portfolios. Develop strategy and asset analysis that supports Xcel Energy's long-term planning and is aligned with company, regulatory, and public policy goals. Provide analyses and strategies that identify opportunities to increase revenue streams, create new revenue streams, deliver cost reduction strategies, or mitigate risks for Xcel Energy's assets. Develop asset life-cycle analyses as well as new/emerging technology analytics. Work in cross-functional teams to integrate innovation into the regional portfolio of assets. Leverage asset economic models to determine the Company value of plant investments for operation's businesses (Generation, Transmission, Distribution, Gas, Chilled Water, Thermal, etc.)
• Serve as a strategic advisor to Operations, Regulatory, and Xcel Energy executive leadership on financial and operational characteristics of Xcel Energy's assets and strategies. Interface with Operations, Commercial Operations, Resource Planning, Finance, Corporate Development, Regulatory, and others to quantify the risk profile and identify strategies to increase the value of the electric and gas portfolio. Provide industry perspective and make recommendations which impact the strategic direction taken with the capital investment portfolio.
• Provide project management support for strategic initiatives related to the Xcel Energy asset portfolio, providing financial and operational impacts to the equipment, fleet and Company basis. Develop and provide discovery responses and/or written testimony in support of regulatory proceedings.
• Support various cost modeling tools by providing accurate asset data and analysis for utilization in modeling tools to ensure electric and gas assets are correctly evaluated and represented in Company-wide analysis. Drive change through continuously improving production cost modeling and asset market offers.
• Mentor and guide Sr. Asset Analyst(s). Serve as a resource for various organizations in the areas of modeling, decision analysis, regulatory issues, industry acumen, and system knowledge. Is responsible for the most difficult analytical assignments.

Minimum Requirements

• Bachelor's degree in business, finance, mathematics, economics, or accounting, or Engineering or technical degree acceptable with advanced degree in finance or related field.
• 8 years of financial modeling experience in a utility or similar industry.
• Strong business/financial acumen paired with an ability to communicate complex concepts in succinct, clear manner in written formats and presentations.
• Detail-oriented, self-starter with the ability to work independently and in groups.
• Must effectively manage workload to meet deadlines.

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: $112,200.00 to $159,400.00 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: 10/27/26

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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.

Salary : $112,200 - $159,400