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Job Description

What you will be doing:

The Utility Financial Analyst 3 (UFA 3) conducts detailed technical analysis of utility and pipeline carrier rate filings of the highest complexity, including financial audits of revenue requirement, cost of service, and rate design studies, as well as related testimony and proposed tariff revisions. This position verifies the mathematical accuracy and reasonableness of proposed rates by applying appropriate auditing techniques and generally accepted ratemaking principles, determining the elements of revenue requirements, including verification and normalization of operating expenses, rate base, allowance for taxes, and establishing the appropriate return on rate base or application of the times interest earned ratio (TIER).

The UFA 3 prepares highly detailed, well-supported recommendations to the Commission for presentation both in writing and orally, in public and adjudicatory settings. This position uses database applications to perform research, and spreadsheet/word processing applications to develop and review calculations and prepare written reports. The UFA 3 works with utility representatives and other Commission staff to ensure proposed rates are accurate and aligned with applicable authority, the Commissioners are well-informed, and Commission rulings are executed within statutory timelines.

Our organization, mission, and culture:
The Commission is charged with ensuring safe, efficient, and reliable utility and pipeline services are provided to Alaskans at just and reasonable rates. The availability of utility services, and the rates, rules, terms and conditions of those services are governed by statute and regulation and enforced by the Commission. Five full-time commissioners are appointed by the Governor and confirmed by the Alaska State Legislature, overseeing a team of analysts, administrative law judges, consumer protection officers and support staff.

The Commission regulates a broad range of utility services including electric, natural gas, natural gas storage, steam heat, pipeline, refuse, sewer, telecommunications, and water services, overseeing regulated entities through certification, regulation of rates and services, tariff review, dispute resolution, and consumer protection services. The Commission also calculates amounts for the power cost equalization (PCE) program and serves as an information resource for the executive and legislative branches of government.

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