Public Utility Analyst I (#MABL01)
$40,446.00 Yearly Min / $50,558.00 Yearly Mid / $60,670.00 Yearly Max

Public Utility Analyst II (#MABL02)
$51,858.00 Yearly Min / $64,822.00 Yearly Mid / $77,786.00 Yearly Max

Public Utility Analyst III (#MABL03)
$62,483.00 Yearly Min / $78,104.00 Yearly Mid / $93,725.00 Yearly Max

This class series uses three levels in the Administrative Services occupational group, Fiscal Services occupational series and describes the financial analysis and regulation of public utilities to ensure compliance with state and federal laws, Public Service Commission directives and adherence to prescribed accounting principles.

Note: This career ladder series incorporates levels I, II and III. The I level is to provide entry for hiring new employees into the class series but does not preclude hiring new employees at higher levels.  Employees may be promoted through the career ladder in accordance with minimum qualifications and promotional standards. Promotional standards, a selection document under separate cover, sets forth the criteria that defines and describes the requirements that must be met at each level.  Advancement of employees through the career ladder is dependent on an agency's/department's operational needs and distribution of work. 

Essential functions are fundamental, core functions common to all positions in the class series and are not intended to be an exhaustive list of all job duties for any one position in the class. Since class specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here.

• Examines regulated company reports, records and books; analyzes, evaluates and interprets statistical and financial information and determines compliance.
   
• Monitors financial and administrative activities of regulated companies, analyzes monthly and quarterly reports, ensures authorized rate of return is not exceeded, recovery of fuel costs is within allowable limits, identifies variances from previous submissions and determines reason for change.
   
• Plans, conducts and coordinates audits.
   
• Provides testimony at public hearings and defends position.
   
• Verifies mathematical accuracy of company reports and that the rate of return is within approved limits; performs statistical analysis, calculates ratios and standard costs.
   
• Writes memos and reports and performs assigned special projects, such as literature searches for precedents.
   
• Ensures that regulated companies file all required reports.

Public Utility Analyst I

This is the first level in the series.

• Participates in the examination of regulated company reports, records and books.
• Assists in the preparation of testimony, exhibits and schedules.
• Testifies on basic issues and defends position during cross examination.
• Under supervision of a team leader, assists in field audits.
• Monitors Delaware's utilities and automobile franchised dealers for the accuracy and timeliness of payment of annual assessments. Contacts delinquents for payment and penalties.
• Contacts include regulated companies to get explanation/information.

Public Utility Analyst II

This is the second level in the series.

• Plans, schedules and conducts audits of small companies.
• Participates as a team member under the direction of a lead worker on audits of large companies.
• Identifies disagreements between staff findings and the utility's submission, discusses disagreements with the company and prepares written testimony, exhibits, schedules and recommendations for adjustments to company's data.
• Assists in training of lower level analysts.
• Analyzes a regulated company's request to issue a debt security, evaluates the financial condition of the company and recommends approval or disapproval.
• Contacts include performing research or to answer questions from the Hearing Examiner, Commissioners, other Public Service Commissions, attorneys, utilities and the public.

Public Utility Analyst III

This is the lead level in the series.

• Plans, and conducts audits of large companies.
• Provides team leadership in planning, scheduling, assigning, monitoring and reviewing the work of staff analysts, coordinates the activities of staff attorney, engineer, research specialist and consultants.
• Trains lower level analysts.
• Participates in the analysis of a large number of complex records in a rate case for a major utility and performs the complex task of rate design.
• Gives sworn expert testimony at public hearings on a broad range of issues; prepares or assists staff attorney/hearing officer in preparing issue sheets which list all points of contention in a case and the positions of the staff analysts, the utility, interveners such as the Delaware Energy User Group and the Hearing Examiner's recommendations to the Commissioners.
• Prepares research reports requested by the Chief of Finance and Accounting or the Commissioners on such matters as a company's estimated billing procedures, the degree of company culpability in power outages and the analysis and recommendations of a proposed issuance of a debt security.
• Initiates research studies with supervisor's approval.
• Serves as a subcommittee member and presents papers at meetings of the National Association of Regulatory Utility Commissioners.

The intent of the listed knowledge, skills and abilities is to give a general indication of the core requirements for all positions in the class series; therefore, the KSA's listed are not exhaustive or necessarily inclusive of the requirements of every position in the class.Knowledge of the principles and practices of accounting and auditing of utilities.

• Knowledge of data interpretation and statistical analysis.
• Knowledge of applicable state and federal laws and the Commission's rules, regulations and directives.
• Knowledge of financial analysis.
• Knowledge of the rate making process.
• Knowledge of computer operation and software.
• Knowledge of utility tariff requirements.
• Knowledge of analyzing and evaluating policies.
• Ability to prepare written and give oral testimony.
• Ability to determine variances in economic and financial data.
• Ability to analyze data and make sound recommendations.
• Ability to assist in field audits.
• Ability to work effectively with attorneys, consultants, engineers, CPA's, utility company personnel and economic research specialists.

In addition to the above knowledge, skills and abilities, the Public Utility Analyst II requires:

• Knowledge of the specialized areas of utility accounting including the Uniform System of Accounting for Public Utilities and the National Association Utility Regulatory Chart of Accounts.
• Knowledge of corporate financial, technical and economic areas such as cost of capital, capital structure, utility operations and efficiency, revenue requirements.
• Knowledge of the theory and method of rate determination and regulation.
• Ability to read blueprints in performing construction auditing.
• Ability to analyze economic and financial aspects of regulated corporations.
• Ability to plan, schedule and conduct audits.
• Ability to identify probable disagreement in a rate application.
• Ability to monitor a utility's financial and administrative activities.
• Ability to perform accurate research and answer questions from a variety of people.
• Ability to write clear, concise, informative memos and reports.
• Ability to assist in training lower level analysts.
• Ability to acquire and maintain effective business relations with utility personnel, lawyers, accountants, research specialists, engineers and consultants.
• Ability to analyze and evaluate policies.

In addition to the above knowledge, skills and abilities, the Public Utility Analyst III requires:

• Knowledge of the theory, principles and practices of rate design.
• Knowledge of the duties and responsibilities of team leadership in auditing large corporations.
• Ability to coordinate consultants, engineers, lawyers, accountants and auditors in a large rate case.
• Ability to apply utility rate theories and cost of service methodologies for rate structure and design.
• Ability to present persuasive arguments in a hearing.
• Ability to review the work of subordinates and contribute to their training.
• Ability to apply financial ratios in evaluating the financial condition of a corporation.
• Ability to identify issues in a rate case application.
• Ability to monitor a corporation's financial and administrative activities.

JOB REQUIREMENTS for Public Utility Analyst III
Applicants must have education, training and/or experience demonstrating competence in each of the following areas:

1. Three years' experience in the accounting, auditing, and/or regulation of utilities, or rate determination.

1. Possession of an Associates degree or higher in Accounting, Business Administration, Business Management, Economics, Finance, Engineering, Mathematics or related field.
   
   In addition to the above requirement, applicants must meet all of the job requirements below:
2. Three years' experience in public utility regulation and rate determination.
3. Two years' experience in evaluating the financial condition of utility companies and making recommendations to management/officials.
4. Two years' experience in public utility case management such as planning, developing, reviewing, and coordinating public utility cases, audits, or reviews. 
5. Two years' experience in writing, presenting and defending expert testimony in litigated or settled rate or rule making proceedings.
6. Six months experience in analyzing and evaluating policies and making recommendations based on findings.