At National Grid, we are investing over $90bn over five years in our networks in the US and the UK, with a range of ground-breaking projects to expand our networks. We operate across six business units in the US and the UK, with group revenue around $25bn.
Our strategy is focussed on delivering the brilliant basics to lead on performance, driving big shifts to define our future, and building our delivery credibility to drive disciplined growth.
We are now recruiting for a VP US Policy & Regulatory Strategy, to be responsible for developing the regulatory strategy and policies for the US operations alongside the National Grid plc corporate strategy and US business plan.
Job Purpose
Reporting to the SVP-US External Affairs, the leader of this function will work with leaders across the business to develop and implement a regulatory work plan that enables US operations to achieve their business and financial goals, and will be responsible for driving change in our whole regulatory approach. The role leads a team of six direct reports, with a total team of 21 people, and with direct budgetary responsibility of around $3m.
The postholder will lead on major policy initiatives, comment filings, and policy proceedings across New England, New York, and at the Federal Energy Regulatory Commission (FERC). The role has overall accountability for providing regulatory, policy, business, and legislative guidance and trend analysis; customer affordability analysis; and pricing and policy analysis, which will inform corporate strategy and the business planning functions on what is achievable in the US.
The leader will also interact with company teams working on regulatory proceedings before different regulatory commissions to provide a strategic partner and lead a team that develops new regulatory options for implementation. The individual oversees key policy and regulatory components of balancing customer needs in a sustainability-focussed company, future of electric and heat strategies, carbon policy initiatives, resource adequacy, infrastructure development, and large load issues, and is responsible for the execution of all strategic policies.
The role will require an individual to think about the future 3-4 years from now, creating mechanisms to change things ahead of time, and translating this into business deliverables, acting as the bridge between theory and what can be done in practice.
Key Accountabilities
Customer Strategy
Provide insights into current and emerging customer needs and expectations to shape business and regulatory strategy
Develop strategies to address customer needs and create value for customers from a regulatory point of view
Integrate business and regulatory strategy, policy, and technology trends to set strategy for specific new customer offerings (e.g., 'smart home')
Regulatory Strategy
Develop strategies in response to business and regulatory strategic questions
Craft overarching regulatory strategy, integrated into operating companies' rate cases and FERC filings, and serve as regulatory strategy liaison to major initiatives
Develop new business models and policy in response to the changing landscape
Shape regulatory framework on issues such as performance-based ratemaking (PBR) and incentives, rate design, and utility growth areas (e.g., storage, heat electrification, geothermal, transmission, large loads, resource adequacy, and distribution interconnection)
Engage externally for insights on business and regulatory strategy and on relevant topics
Policy
Lead on key regulatory matters in major policy proceedings, comments, and related filings across multiple states (core New England, New York), FERC, and different ISO/RTO jurisdictions
Work closely with Group Strategy, US Policy, and Legislative Affairs teams, driving a coherent approach to energy / climate policy across all areas of Strategy and providing detailed policy analysis and positions
Develop and own internal analysis and insights on regulatory and policy pathways to achieve net zero
Develop and own external messaging / presence on National Grid regulatory strategy
Develop and build partnerships to augment our own learning and perspectives and support two-way stakeholder engagement
Facilitate academic partnerships in line with our core policy priorities
Regulatory Strategy Execution
Work closely with the wider strategy / policy teams, develop and execute on plans that translate the regulatory strategy into regulatory proposals in regulatory and policy proceedings related to our operating companies in NE and NY, and at FERC and other regulatory jurisdictions across North America
Work closely with NE, NY, and FERC pricing teams to develop and file innovative rate designs that align with our rate design strategy
Support the wider organization to implement / execute on approved programs
Provide regulatory strategy input into development of new programs, pilots, etc. to ensure alignment with business and regulatory strategy
Build and maintain close relationships with external stakeholders who are critical to the success of regulatory strategy execution, including peers and organizations (e.g. NARUC)
Candidate Profile
Strong understanding of regulatory strategy, with the ability to see how decisions made affect future outcomes
Significant regulatory and stakeholder management / engagement experience, able to build relationships and connections across the whole industry and with regulators
A track record of operating in leadership roles within regulated utilities
Credibility and gravitas to lead at senior levels in this area, and the ability to speak publicly as a face of the company
Experience serving as a policy witness in government and regulatory proceedings on various subject matters
Demonstrated ability to understand, analyze, and set priorities on a broad range of issues
Bachelor's degree in Economics / Finance / Business / Accounting / Mathematics / Engineering / Public Policy / Planning / History / Political Science, or a comparable skillset with progressive relevant work experience; Master's or Juris Doctor degree preferred
More Information
Location:
the role can be based in either Boston, New York, or Washington DC, with travel across the US.
Salary:
$230k-$346k base salary, plus commensurate benefits.
The role will close for applications on Thursday 22nd October at 7pm ET.
National Grid utilizes an assessment that evaluates the job qualifications / characteristics using AI or statistically based scoring. For more information, please view NYC Local Law 144.
This position has a career path which provides for advancement opportunities within and across bands as you develop and evolve in the position; gaining experience, expertise and acquiring and applying technical skills. Candidates will be assessed and provided offers against the minimum qualifications of this role and their individual experience.
National Grid is committed to providing equal employment opportunities to all employees and applicants for employment regardless of protected class. We do not discriminate on the basis of race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age, disability, genetic information, or any other protected statu s in accordance with applicable federal, state, and local laws. National Grid maintains affirmative action programs for individuals with disabilities and protected veterans.
Our employment practices are designed to ensure that all individuals are treated fairly and with respect throughout the hiring process and during employment. National Grid complies with all applicable federal, state, and local antidiscrimination laws. We are dedicated to fostering a workplace that is free from unlawful discrimination and harassment, and we encourage a culture of respect for all.
National Grid operates in both the UK and US, with a broad portfolio of energy businesses dedicated to providing safe, reliable, and sustainable power.
From electricity and gas transmission to advancing clean energy and modernising grids, our work covers every aspect of the energy system.
Our energy flows through absolutely everything we do
Life here at National Grid is more than just our purpose or our values, it's everything we put into everything we do. It's our commitment to diversity and inclusion; how we help our employees learn and grow; and how we partner with and support the communities where we live and work. It's all this, and so much more.
We leverage our collective strengths to do meaningful BIG work so that we can be at the heart of a fair and affordable energy future.
Your salary is reviewed each year against the market for your role, skills, knowledge and experience.
Incentive
Annual performance plan or bonus (depending on your role) rewards your contribution to our success each year.
Retirement
Generous pension plan with company contributions up to 12%.
Private medical insurance for self and family.
...Pool Specialists, Inc is looking to hire an experienced Project Manager who is responsible for overall project planning, scheduling,... ...various departments within the organization (development, pre-construction/construction/design/architects/engineers) to ensure efficiency...
...Administration Schedule: Weekends Required | Flexible Daytime & Evening Coverage About the Position Ocean Automotive Group is... ...Weekend availability and flexibility to cover daytime and evening shifts are essential requirements for this position. Key...
...Tile Setter OpportunityLaying tile is easy; doing it well is difficult. That's why tile setters are highly skilled and motivated craftsmen. If you've been doing it for a long time, you know experience counts and we're looking for the best. Handyman Connection needs...
...Glass Tempering Production Teammate Starting at $18/hr. | Full-Time | Growth Opportunities We are looking for a dependable, hands... ...production team. This role is a good fit for someone with manufacturing, production, construction, warehouse, equipment, or other physical...
...Unarmed Security Officer Ambassador Worldwide Protection Agency, Inc. is currently seeking experienced and highly qualified... ...contract security company and 8(a) U.S. Government contractor where we provide private protective services security solutions on a global scale...