FTR & Pricing Engineer
Midwest ISO - Carmel, IN

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Apply engineering principles and knowledge of transmission models to validate results of Auction Revenue Right (ARR) allocations, Financial Transmission Rights (FTR) auctions, and real-time energy and ancillary product prices. Coordinate with other functional areas to ensure accurate market operations.

  • Validate network models and modeling components for the ARR Allocation and FTR auction processes and other non-standard studies.
  • Conduct non-standard studies to support the analysis and resolution of customer questions and disputes, Independent Market Monitor and Governmental requests, Tariff updates, FERC filings, and Orders.
  • Evaluate, develop requirements, and support technical testing of software used by FTR & Pricing Administration.
  • Monitor, analyze, validate and approve Real-Time prices for Energy and Ancillary Services.
  • Evaluate modeling components including transmission topology, loopflows, and transmission outages for use in the Simultaneous Feasibility Test.
  • Analyze and resolve operational issues involving transmission models and network components.
  • Analyze and resolve issues resulting from the execution of the ARR allocation and FTR auction processes.
  • Support and serve on internal and external committees, task forces, and working groups.
  • Translate market rules and business practices into operational processes and practices.
  • Resolve issues related to ARR, FTR, and Real-Time pricing results.
  • Support model preparation to evaluate new and replacement ARR requests.
  • Support strategic initiatives for FTR and Pricing related functions.
  • Examine existing routine data within area of responsibility in which results are predictable.
  • Evaluate low risk problems to identify solutions or alternative outcomes.
  • Apply basic power engineering concepts to recommend courses of action to decision makers.
  • Apply basic concepts of issues or situations to accomplish their daily work or to recommend courses of action in order for others to make decisions on matters that affect the team.
  • Compliance with all processes, procedures, and standards applicable to the position including (but not limited to): SSAE16 (Statement on Standards for Attestation Engagements No. 16), CIP (Critical Infrastructure Protection), Change Management, Tariff (Open Access Transmission, Energy and Operating Reserve Markets Tariff), FERC (Federal Energy Regulatory Commission), NERC (North American Electric Reliability Corporation), U.S. Department of Homeland Security, and NAESB (North American Energy Standards Board).

  • Bachelor’s Degree in Engineering required
  • Electrical Engineering or Electrical Engineering Technology degree preferred
  • One year network modeling and software tools or one year experience with Energy Markets, FTRs and Optimization preferred
  • Utility experience preferred
  • Principles, practices, and administration of technical issues
  • Microsoft Office Suite
  • Transmission Planning
  • Commercial network models
  • Power flow modeling and transmission planning practices
  • Commitment to customer service excellence and teamwork
  • Excellent communication and listening skills
  • Utilize company policies appropriately
  • Foster teamwork and collaboration
  • Perform quantitative analysis
  • Integrate routine data from multiple sources
  • Apply and adapt practices and techniques to a variety of projects
  • Establish and maintain effective relationships with employees and the general public
  • Present facts and recommendations effectively in verbal and written form
  • Time management
  • Multitask, meet deadlines and adapt to changing and evolving work environment priorities and demands in a fast paced environment
  • Communication
  • Continuous Learning
  • Customer Focus
  • Diversity
  • Integrity
  • Teaming
  • Value Focused
  • Work Ethic

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