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PUBLIC SERVICE COMMISSION REGULATORY ECONOMIST I

Recruitment #19-000592-0003

Introduction

The Maryland Public Service Commission (PSC or Commission) regulates public utilities and certain passenger transportation companies doing business in Maryland.  The Commission regulates gas, electric, telephone, water, and sewage disposal companies. Also subject to the jurisdiction of the Commission are electricity suppliers, fees for pilotage services to vessels, construction of a generating station and certain common carriers engaged in the transportation for hire of persons. The PSC’s jurisdiction extends to taxicabs operating in the City of Baltimore, Baltimore County, Cumberland, and Hagerstown.

The categories of regulated public service companies are listed below: electric utilities; gas utilities; combination gas and electric utilities; telecommunications companies; water, and water and sewerage companies; passenger motor vehicle carriers (sedans, limousines, and buses); railroad companies; taxicab companies; and other public service companies.

The Commission is empowered to hear and decide matters relating to: (1) rate adjustments; (2) applications to exercise or abandon franchises; (3) applications to modify the type or scope of service; (4) approval of issuance of securities; (5) promulgation of new rules and regulations; and (6) quality of utility and common carrier service.

If you are looking for a career that makes a difference, please consider a rewarding career with the Maryland Public Service Commission.

GRADE

16

LOCATION OF POSITION

The William Donald Schaefer Tower

6 St. Paul Street

Baltimore, MD 21202

Main Purpose of Job

Regulatory Economist perform economic and regulatory analysis, prepare testimony, conduct policy analyses, and undertake projects and studies for the Commission's consideration. Regulatory Economists are expected to develop and maintain a comprehensive understanding of Maryland's telecommunications, gas, and water utility sectors, including financial and economic principles, regulatory and industry practices, business operations, legal environment, and customer behavior.

POSITION DUTIES

Duties will include analysis of the telecommunications, gas, and water industries in Maryland, and other topics as needed.  A Regulatory Economist will prepare written reports, make presentations, testify as expert witnesses or otherwise communicate the results of their analysis in both informal and contested proceedings. 

In addition to the previously described traditional regulatory issues, a Regulatory Economist may have the opportunity to participate in proceedings or working groups involving new areas where the Commission has authority to regulate rates or implement legislative policies. A Regulatory Economist will need to develop a firm knowledge of telecommunication, gas, and water industry issues, legal, financial, statistical, quantitative and qualitative economic theory, and Maryland specific utility practices. The ability to perform self- directed research of legal, economic, engineering, and financial topics is critical to the position. The position requires significant daily written work products of high technical quality.  A successful candidate must have excellent written and verbal communication/presentation skills.

MINIMUM QUALIFICATIONS

Education: A bachelor's degree in Economics, Engineering, Business, Finance, Accounting, Statistics or Mathematics from an accredited college or university.

Experience: None

Notes: 

1. Additional experience performing utility, energy policy, economic or econometrically based analysis may be substituted on a year-for-year basis for the required education.

2. Candidates may substitute U.S. Armed Forces military experience as a commissioned officer in any of the field areas noted in the education section above.

DESIRED OR PREFERRED QUALIFICATIONS

Advanced course work in econometrics, microeconomic analysis, industrial economics, and statistical analysis is desired.

Experience working for a utility regulatory commission.

Experience writing on technical or business topics.

Strong writing skills.

Familiarity with units of electrical energy and power.

Knowledge of power system designs, planning, and electrical distribution system technology.

The ability to perform calculations on utility bills, cost benefit analyses, and comparison of utility project costs.

Knowledge of methods of financial analysis including DCF and CAPM.

Familiarity with Microsoft Office.

Applicants should know how to use Microsoft Word to prepare and edit written documents and use Microsoft Excel to analyze data and perform calculations.

Electric power industry knowledge.

LICENSES, REGISTRATIONS AND CERTIFICATIONS

Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator's license valid in the State of Maryland.

SELECTION PROCESS

Please make sure that you provide sufficient information on your application to show that you meet the qualifications for this recruitment. All information concerning your qualifications must be submitted by the closing date. We will not consider information submitted after this date. Successful candidates will be ranked as Best Qualified, Better Qualified, or Qualified and placed on the eligible (employment) list for at least one year.

EXAMINATION PROCESS

The assessment may consist of a rating of your education, training, and experience related to the requirements of the position. It is important that you provide complete and accurate information on your application. Please report all experience and education that is related to this position.

BENEFITS

FURTHER INSTRUCTIONS

Online applications are highly recommended. However, if you are unable to apply online, the paper application and supplemental questionnaire may be submitted to: Department of Budget and Management, Recruitment and Examination Division, 301 W. Preston St., Baltimore, MD 21201. Paper application materials must be received in our office by the closing date for the recruitment. No postmarks will be accepted.

For questions regarding this recruitment, please contact 410-767-1697. MD TTY Relay Service 1-800-735-2258.

We thank our Veterans for their service to our country.

People with disabilities and bilingual candidates are encouraged to apply.

As an equal opportunity employer, Maryland is committed to recruitment, retaining and promoting employees who are reflective of the State's diversity.