Fuel Buyer Principal (Transportation Logistics)

Job Posting End Date04-01-2025

Please note the job posting will close on the day before the posting end date

Job Summary

**This is an onsite position, 5 days a week. However, it may be filled near an AEP work location applicable to the transportation role**

The Fuel Buyer positions are responsible for the procurement and transportation of Fuel ("coal, natural gas, fuel oil, and reagents") for AEP's regulated operating companies.

Fuel Buyer responsibilities include managing each plant's Fuel supply and transportation with the goal of obtaining the lowest reasonable cost to generate electricity.

The Fuel Buyer closely coordinates with both internal and external personnel to schedule deliveries and minimize fuel-related operational and quality issues.

This position is responsible for understanding AEP's regulatory environment and the jurisdictional requirements of each transaction to ensure successful fuel/environmental cost recovery.

The Fuel Buyer will assist other Fuel Buyers within a team environment.

Job Description

ESSENTIAL JOB FUNCTIONS:

Identify Fuel needs for AEP's regulated generating units and assist in the development of procurement plans for a reliable, flexible and competitively priced supply and transportation portfolio.

Negotiate contracts with counter-parties and actively manage the Fuel portfolios of AEP's regulated operating companies to maintain a reliable, diverse and flexible Fuel supply at the lowest, reasonable delivered cost, while ensuring compliance with contractual terms and conditions.

Perform timely and accurate Fuel supply nominations on various web-based nomination/scheduling systems in accordance with the transporter's operating procedures and deadlines.

Must be available 24/7, including weekends and holidays if called upon to procure and schedule Fuel supplies.

Enter and ensure the integrity of the data records in the internal IT systems (ComTrac, FuelWorks, Position Manager, Consumables Management, etc.).

Closely monitor and manage Fuel deliveries, inventory, imbalance/demurrage positions, railcar leases and maintenance, etc. consistent with short and long-term strategies, ensuring asset optimization and appropriate performance by counterparties.

Actively participate in the marketplace, staying abreast of market pricing trends, Fuel contracting methods, supply availability, available transportation connections/alternatives and potential operational constraints.

Closely coordinate with Production Optimization, Day Ahead Operations, Generation Dispatch and power plant employees to understand Fuel requirements and to develop and provide cost information for each unit.

Maintain a thorough knowledge of the transporters serving the regulated operating companies' generating plants and associated contractual agreements/tariffs, including contract obligations, receipt points, delivery points, transport commodity rates, fuel retainage/surcharges, allocations, etc.

Provide updates to appropriate AEP personnel regarding Fuel supply and transportation operating conditions and maintenance. The update will provide detailed information as to how the operating conditions will impact the receipt and delivery of Fuel.

Develop and maintain effective relationships with Fuel suppliers and transporters to provide low-cost, reliable Fuel arrangements with appropriate flexibility for AEP's regulated generating fleet.

Market excess Fuel, terminal and railcar capacity and Coal Combustion By-Products.

Maintain an awareness of legal, accounting, regulatory/governmental issues and/or initiatives that may impact Fuel supply and transportation arrangements. Recommend contract pricing provisions and amendments, when necessary.

Coordinate with regulatory, environmental, generation, contract administration, plant personnel, settlements, accounting and confirmations to appropriately resolve all Fuel issues.

Prepare Fuel testimony schedules and work papers to support fuel/environmental cost recovery and related regulatory proceedings, including responses to data requests from regulatory agencies and other internal and external entities.

Ability to communicate ideas and recommendations to key stakeholders ensuring coordinated solutions across Regulated Commercial Operations.

Support other AEP business units with routine Fuel cost reporting; special projects and analysis support; Sarbanes-Oxley compliance testing; internal and external audit coordination; and other duties as assigned and appropriate.

Position will be expected to develop procurement strategies, lead negotiations, identify issues and offer appropriate solutions.

MINIMUM REQUIREMENTS:

4-year Bachelor's Degree required in Engineering, Business, Finance, Accounting, Geology, Earth and Mineral Sciences or equivalent education and/or experience. MBA or professional certification would be a plus.

Minimum of 9 years' experience in the energy or electric utility industry with a background in fuel procurement, including contract negotiations, plant and transportation operations and regulatory requirements for Fuel cost recovery, preferred.

OTHER REQUIREMENTS:

Must be available to work overtime, call-out overtime and shift work, as required.

Travel requirements are expected 10-25% of the time.

Physical demand level is Sedentary.

Strong oral and written communication skills.

Proficiency in Microsoft Office programs, including Word, Excel, PowerPoint and Microsoft Outlook.

May require up to 15-20% travel, seasonally; Overtime, as required;

Must be available 24/7, including weekends and holidays to procure and schedule Fuel.

Compensation Data

Compensation Grade:

SP20-008

Compensation Range:

$96,110.00-124,940.00 USD

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It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all aspects of the employer employee relationship including recruiting, hiring, upgrading and promotion, conditions and privileges of employment, company sponsored training programs, educational assistance, social and recreational programs, compensation, benefits, transfers, discipline, layoffs and termination of employment to all employees and applicants without discrimination because of race, color, religion, sex, age, national origin, ethnicity, ancestry, veteran or military status, disability, genetic information, sexual orientation, gender identity, or any other basis prohibited by applicable law. When required by law, we must record certain information to be made part of an Affirmative Action Plan. Applicants for employment may also be invited to participate in the Affirmative Action Program by self-identifying their Race or Ethnic Identity.

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