Thomas Burk

Experience

• 

  Southern Company

  Jul 2012 - Jun 2014

  Risk Management Analyst

  • Developed quarterly presentations for board meetings and monthly Risk Management Committee meetings by providing slide decks focused on the changing dynamics in energy prices which were used by Executives to monitor major risks facing the Company. • Provided analysis as well as visual displays detailing how the volatility in natural gas prices would affect the trade floors exposure during the Polar Vortex of 2014, giving management the ability to accurately monitor their physical and financial positions in the natural gas market.• Implemented policies and constructed risk reports for the RMC covering the top companywide risks including asset management, trading, derivatives, commodity purchases, interest rate exposures, credit and utility hedging practices.• Performed statistical volatility analysis, leveraging the Value at Risk methodology detailing the overall trading position of the natural gas portfolio from a risk perspective. Show less

• 

  Calpine Corporation

  Jun 2014 - Jun 2015

  Risk Analyst II

  • Mitigated overall credit risk and exposure by performing credit analysis on business counterparties, including detailed credit modeling of business subsidiaries, small private companies, large public institutions and government agencies in the form of ten-page deliverables to the Director of Credit. • Facilitated the improvement of trading strategies by providing daily P&L statements by market, highlighting any major shifts in economics to the portfolio. • Oversaw daily price validation for all power and natural gas markets to ensure mark to market positions were reflected accurately.• Enacted controls validating traders mark to market models by utilizing a SAS based solution to prevent misstated earnings. Show less

• 

  Xcel Energy

  Nov 2015 - Oct 2022

  • Perform post-analysis of dispatch for the PSCo Power System to determine opportunities for efficiencies and improvements based on market fundamentals including power and natural gas pricing, generation and cost efficiencies, planned generation and transmission outages, weather and other factors. • Utilize the Plexos optimization engine to perform ad hoc analysis to support long term operational, trading, and fuel supply decisions. • Perform bench marking of models as appropriate to ensure analysis integrity and verify accuracy of sales costing. • Research energy market trends and energy optimization techniques/tools to support trading contributors and recommend strategies. Show less • Design and perform appropriate quantitative studies of historical and forecasted prices, system loads, fuel costs, determination of the position of Xcel’s power system portfolios which include 4,000 MWs of wind, 350 MW of utility scale solar, pump storage, natural gas and coal by creating analytical studies to model opportunities and determine costs and savings.• Utilize a production cost model to create short term commitment plans which incorporate generator availability, local reliability, and forecasted ancillary service requirements to produce the incremental and decremental system cost for Generation Book trading. • Engage with Energy Supply leadership on a regular basis to represent Commercial Operation’s interest on topics ranging from economic cycling of thermal resources to day to day dispatch decision making. • Provide next day system condition review to Xcel leadership including generator availability, renewable penetration, load performance, operating reserve position, imports utilized, and demand response usage. Show less • Identify MISO market charge type irregularities by querying internal market databases using SQL and analyzing energy, revenue, congestion, locational marginal pricing and financial transmission rights to determine how resources are deployed into the future.• Synthesize ad-hoc analysis on energy market trends and report extrapolations to commercial operations and commercial accounting with the end goal of creating cost cutting mechanisms for the company.• Accurately account for and report all ISO/RTO transactions (sales/purchases, ancillary services, etc.) for the power marketing business in the Midcontinent Independent System Operator’s footprint. Show less

  • Trading Analyst, PSCo

    Oct 2020 - Oct 2022

  • Day Ahead Trading Analyst, PSCo

    Dec 2017 - Oct 2020

  • Senior RTO/ISO Accountant, NSP

    Nov 2015 - Dec 2017
• 

  Lightsource bp

  Jan 2024 - now

  • Develop market fundamentals analysis to value PV and Storage assets in all major US markets leveraging external providers of market intelligence and price curves associated with merchant revenue streams inclusive of energy, capacity, and RECs. • Support Business Development and Structured Finance teams in all stages of development on all revenues related to Power Marketing. • Responsible for analyzing the impacts of ISO market reform and regulatory outcomes on forecasted project revenues which include detailed market analysis in MISO, SPP, ERCOT, WECC, SERC, and CAISO. • Responsible for commercial readiness of operational and development projects in MISO which include overseeing the relationship with Energy Managers contracted to dispatch resources in MISO which is inclusive of DA/RT energy and capacity market offer strategy. Show less • Originate, model, and structure financeable off take agreements for utility scale solar and storage projects in the WECC region. • Coordinate cross functional collaboration between Business Development leadership, Project Development, Project Finance, Engineering, Interconnection, and Construction teams to identify and refine project financial model inputs, and prepare and maintain the project and portfolio financial models. • Closely follow WECC pricing trends, pricing and competitor activities, regulatory environment, and market developments. • Collaborate with the executive team to contribute forward looking platform strategies and business development growth.• Successfully negotiated PPA amendment with major corporate buyer in MISO. Show less

  • Manager, Business Development - Transfers & Divestitures

    Nov 2024 - now

  • Manager, Business Development - Power Marketing

    Oct 2022 - now

  • Manager, Business Development - WECC Origination

    Jan 2024 - Nov 2024