America’s Premier Power Generation Company
... Creating Power for a Sustainable Future


Job Details


At Calpine, we give you the tools you need to chart your own career path in an engaging, fast-paced environment where you can learn from power industry leaders.

Whether you are a student seeking an internship that offers real-world experience, a recent graduate ready to build a rewarding career or a seasoned professional who wants to expand your horizons, Calpine provides meaningful opportunities and challenges.

Our learning and development platforms and educational reimbursement programs enable employees with initiative to explore their own potential in a dynamic and rewarding industry.

Requisition Number 17-0253
Title Transaction Analysis Mgr
City Houston
State TX
Job Family Commercial Analytics
Shift Days
Employee Type Regular
Subject to DOT Regulations No
Percent of Travel Required 0
Relocation Provided No
Location Houston Office
Description Description of Role
• Performs analysis to structure and price power, natural gas, and renewable energy transactions in collaboration with marketing/origination/business development as part of the deal approval process.
• Identifies value proposition and inherent risks of energy transactions and can propose appropriate valuation methodology.
• Performs valuation and due diligence for mergers, acquisitions, and asset development efforts
• Performs analysis of business decisions and strategic issues, including issues related to plant operations and dispatch, commodity markets, asset and contract commodity margins, and transaction pricing.
• Works within broad guidelines; applies advanced technical knowledge of multiple functions to solve complex problems which may have a long term impact for the company.
• Presents valuation results to members of the senior management team.
• Supports the continued development of:
o Calpine’s modeling infrastructure including asset and contract models as well as repositories of fundamental market data
o Periodic corporate business plan projections and commercial transaction targets
o Commercial views supporting business strategy, hedging decisions, and development/acquisition opportunities.

Key Activities:
• Transaction Pricing
• Model Development
• Asset Optimization
• Investment Analysis
Requirements Preferred Skills:
• Team player with a “whatever it takes” attitude who is used to diving into an issue, brainstorming solutions, and learning new methods and tools to address.
• Intermediate level Excel model-building skills
• Intermediate programming skills with one or more of the following: VBA, R, C#
• Familiarity with Monte Carlo simulation and two-factor forecasting models.
• Experience with manipulating large amounts of data and working with structured databases (SQL, MDB)
• Intermediate level presentation and Power Point skills
• Demonstrated aptitude applying analytical tools, such as Allegro, LIM, Energy Velocity, FEA, or Ventyx Planning & Risk.
• Demonstrated understanding of asset valuation methods (dispatch models, options, swaps, tolls, and PPAs).

Relevant Experience:
• Candidate should offer a subset of the experience and knowledge below:
o Experience modeling assets similar to those in Calpine’s portfolio, including gas-fired combined cycles and cogeneration plants, geothermal assets, tolling and other contracts, storage facilities, etc.
o Knowledge of US gas and electric market fundamentals, including supply and demand, environmental legislation, and regional market structures.
o Familiar with power plant design and performance metrics.
o Requires 10+ years of specialization in the valuation of commodity and derivative transactions as well as the impacts of various regulatory policies.

Attractive qualifications include bachelors and masters degrees in mathematics, computational science, engineering, finance, economics, or accounting.
  • Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
  • Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to Determination on requests for reasonable accommodation are made on case-by-case basis.
  • Please view Equal Employment Opportunity Posters provided by OFCCP here.
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