The posting
Xcel Energy (NASDAQ: XEL) is a leading energy provider and Fortune 500 company, dedicated to serving millions of electricity and natural gas customers across eight states: Minnesota, Colorado, Wisconsin, Michigan, North Dakota, South Dakota, New Mexico and Texas. We make energy work better for our customers, helping them thrive every day. That means always raising the bar - delivering better service and providing more reliable, resilient, and sustainable energy.
Xcel Energy is a place where you’ll have opportunities to grow, expand your skills, and help lead the clean energy transition. We offer meaningful rewards, recognition, and support to help you build your career and make an impact - both on the job and beyond. Most importantly, it means you’ll be joining a company that knows employees are the driving force behind its success and is committed to helping you be your best.
Xcel Energy supports a hybrid work model to enable collaboration and flexibility. Many roles are expected to work onsite three days per week (Tuesday–Thursday); however, work location expectations vary based on role, team, and business needs.
Development Portfolio Manager - New Generation Projects
Position Summary:
The Large Load Portfolio Manager will lead the creation and advancement of new generation project portfolios designed for Xcel Energy’s large load customers in each of Xcel Energy’s three Operating Companies. This role focuses on identifying, shaping, and optimizing a mix of generation projects, including renewables, storage, and thermal technologies, to align with resource planning objectives and regulatory requirements. The position emphasizes strategic portfolio development, rigorous technical evaluation, and coordination with project managers and regulatory teams to ensure projects meet industry best practices. This leader will drive innovation, streamline portfolio development processes, and support the company’s clean energy transition through disciplined preparation of competitive, high-quality project portfolios.
Provide project management for the technical evaluation, due diligence, and development of conceptual and proposed generation projects within the Corporate and Project Development (CPD) organization. Ensure effective collaboration of multi-disciplinary teams in appraising, selecting and defining technical and performance parameters for proposed generation projects consistent with corporate strategy and engineering & construction best practices. Provide integrated support to Xcel Energy’s Corporate Development, Supply Chain, Transmission, Major Projects Group and Regulatory groups to develop and deploy commercial strategy, equipment and services contracting strategy, and risk response. Support the negotiation of key contracts, including purchase and sale agreements, equipment and services supply, operations and maintenance agreements, and development engineering studies. Manage the projects with a matrixed team through the conceptual and development phases and ensures proper handover to the project management team for the execution phase.
Essential Responsibilities:
- Lead the coordination of technical tasks during the feasibility and development phases of generation projects within Corporate and Project Development (CPD). On behalf of the CPD and Major Projects Group, manage collaboration with Corporate Development, Legal, Regulatory Affairs, Supply Chain, Siting & Land Rights, Energy Supply Operations, Energy Supply Asset Analytics, 3rd party development organizations, consultants and others to fully assess and define technical parameters including, but not limited to, performance evaluations, operational requirements, permitting, site suitability assessments, constructability reviews, RFP/RFQ bid package development, environmental studies, project performance parameters, project cost estimates and schedules, project cash flow forecasts and budgets, project risk assessments, and QA/QC requirements.
- Provide leadership & coordination of multi-disciplinary, matrixed project teams to perform technical due diligence and engineering development tasks to fully develop project scope, project estimate, project schedule, preliminary engineering, construction, and overall execution strategy. Identify options and execution strategy to mitigate risks and engineering analysis, project value analyses, executive and detailed reports regarding project outcomes and technical problem solutions. Develop and track cross-departmental actions items and milestones, including cost tracking and reconciliation.
- Provide assurance for the application of technical specifications, best practices and continuous improvement of the generation program across the development portfolio, including the standardized application of Xcel Energy, CPD, Major Projects Group, and engineering and capital project management policies. Ensure knowledge management of lessons learned and best practices for generation project development and design. Foster engagement with key stakeholders within the generation power industry to keep abreast of the latest technological advancements in technology.
- Provide technical analysis and data for required federal, state, and public utility commission filings, and testimony necessary to develop potential projects and meet submittal milestones. Represent Xcel Energy in public and private stakeholder meetings in regard to activities related to development of generation projects. Monitor and provide periodic project status reports to project teams, management, subcontractors, customers, owners, and other project stakeholders.
- Ensure proper transition to the Major Projects Group’s Project Management team as the project moves to the execution phase. Support the execution project team by providing clarifications for deliverables and assisting with carryover or newly identified development issues. Ensure the Major Projects Group’s leadership is engaged in matters related to strategy, cost, risk, and safety, and are also kept abreast of development activities occurring in their respective regions or areas of responsibilities (e.g. Engineering; Construction; Capital Projects).
Minimum Requirements:
- BS degree in engineering, finance, or a related business field.
- 10+ years of power or heavy industrial construction and diversified project management experience.
- Experience developing or managing large or multiple construction projects at least $50M in aggregate value.
- Ability to travel as required to manage responsibilities across the fleet is required.
- Selection criteria may include testing and/or assessment. References may be required.
Preferred Qualifications:
- Project Management Professional and/or Professional Engineer registration
- 5+ years experience in utility-scale power generation projects.
Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together.
Our Values
Connected, Committed, Trustworthy, Safe
Our Employee Commitments
- Work that makes a difference
- A team you can count of
- Opportunities to grow
- Rewards that help you thrive
Xcel Energy provides job applicants reasonable accommodations for disabilities throughout the application process. If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form.
Non-Bargaining
The anticipated starting base pay for this position is: $129,000.00 to $183,200.00 per year
This position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Flexible Spending Account, Health Care Flexible Spending Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave
Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.
In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information.
Deadline to Apply: 11/08/26
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Xcel Energy endeavors to make https://www.xcelenergy.com and https://jobs.xcelenergy.com accessible to any and all users. If you are in need of an accommodation to complete the application process, now or at any time in the future, please complete the Applicant Accommodation Request Form. For any other application related questions, including application follow-ups or technical issues, please use our Recruiting Assistance, Electra, for assistance. Electra can be found in the lower right-hand corner of our Xcel Energy Careers site.
