NextEra Energy Marketing is one of the nation’s leading electricity and natural gas marketers. We are responsible for electricity and fuel management for all of NextEra Energy Resources’ generation fleet, which includes the largest renewable energy portfolio in North America. We also provide marketing and trading services to electric and gas utilities, municipalities, cooperatives and other load-serving entities, as well as to owners of electric generation facilities. Are you interested in customizing power and gas solutions to meet each client’s needs? Join our world-class team today!
Position Specific Description
NextEra Energy's Full Requirements Team is seeking focused and analytical college students with a passion for finance and statistics for summer internships. Our team operates on the power marketing trade floor, concentrating on the valuation of electricity load following deals, encompassing the sale of power, capacity, and ancillary services to utilities in PJM and ISO New England.
Internship Responsibilities
- Develop and Maintain Models: Assist in the development, implementation, and maintenance of financial, statistical, and commodity-focused models, templates, programs, and processes. Your work will support accurate and reliable valuations.
- Analyze and Forecast: Conduct thorough financial valuations of wholesale power derivatives, including load following, deterministic, and block energy products, often bundled with capacity and renewable energy credits. Utilize historical data analysis, multiple linear regression, Monte Carlo simulations, scenario analysis, and proprietary models to enhance valuation accuracy.
- Conduct Market Research: Research and analyze laws, regulations, tariffs, and market procedures in various markets to create models and forecast applicable costs. Your research will directly inform and refine our valuation processes.
- Develop Energy Forecasts: Participate in regional forecasting for energy, volatility, capacity, renewable energy credits, and ancillary services. Use quantitative methods to produce detailed and accurate forecasts.
- Assess Financial Products: Perform ad hoc analysis of forwards, futures, options, interest rates, market conditions, exotic structures, weather products, and other financial or commercial assignments. Your findings will contribute to achieving the team's objectives.
Required Skills and Knowledge
- Technical Proficiency: Solid understanding of algebra, statistics, probability, present value, portfolio theory, risk and return, discounted cash flows, comparable analysis, energy markets, logic, binomial tree modeling, and calculus.
- Programming and Systems: Experience with coding, data management, information systems, and project management to effectively deliver valuation systems.
Why This Internship
This internship offers a unique opportunity to engage with real-world financial and commodity markets on a power marketing trade floor. Interns will gain practical experience in the development and application of sophisticated models and forecasts, directly impacting business decisions involving substantial financial investment.
Job Overview
To be considered for an internship, you must be actively enrolled at a college or university as a full-time student seeking a bachelor’s degree or higher. You must also have a current cumulative GPA of 3.00 or higher (on a 0.00 to 4.00 scale).
Job Duties & Responsibilities
- Assists department with assigned projects
- Completes challenging projects and assignments
- Presents final project to senior leadership at the end of the internship
- Assumes responsibility for own travel, lodging, and transportation necessary to be available for the program
- Performs other job-related duties as assigned
Required Qualifications
- High school grad / GED
- Maintain active enrollment in a Bachelor or higher degree program
- Maintain cumulative GPA of 3.0 or higher
Preferred Qualifications
NextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Click here to learn more.
Employee Group: Non Exempt
Employee Type: Intern
Job Category: Intern
Organization: NextEra Energy Marketing, LLC
Relocation Provided: No
NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. We are committed to a diverse and inclusive workplace.
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