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Accounting/Finance Intern - Rates & Regulatory Reporting
Accounting/Finance Intern - Rates & Regulatory ReportingPPL • Allentown, PA, United States
Accounting / Finance Intern - Rates & Regulatory Reporting

Accounting / Finance Intern - Rates & Regulatory Reporting

PPL • Allentown, PA, United States
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Company Summary Statement

As one of the largest investor-owned utility companies in the United States, PPL Corporation (NYSE : PPL), is committed to creating long-term, sustainable value for our 3.5 million customers, our shareowners and the communities we serve. Our high-performing regulated utilities - PPL Electric Utilities, Louisville Gas and Electric, Kentucky Utilities and Rhode Island Energy - provide an outstanding experience for our customers, consistently ranking among the best utilities in the nation. PPL's companies are also addressing challenges head-on by investing in new infrastructure and technology that is creating a smarter, more reliable and resilient energy grid. We are committed to doing our part to advance a cleaner energy future and drive innovation that enables us to achieve net-zero carbon emissions by 2050 while maintaining energy reliability and affordability for the customers and communities we serve. PPL is a positive force in the cities and towns where we do business, providing support for programs and organizations that empower the success of future generations by helping to build and maintain strong, diverse communities today.

Overview

Position Purpose

The energy industry is evolving, and PPL Electric is helping to shape how the future will look. This includes offering new and innovative rates and utilizing alternative ratemaking methods. It also requires that we continue to meet our ongoing regulatory reporting requirements.

To support this, PPL Electric is looking for a Regulatory Reporting Intern who can help us improve how we currently file rates and other reports and consider ways in which we can develop new and innovative rates and other cost recovery mechanisms that will be relevant and applicable to a future energy industry landscape. More specifically, this position will support filings of distribution and transmission rates, required regulatory reports, and other various rate riders. The Regulatory Reporting Intern will also support efforts to explore how those rates and requirements may evolve in the future and may support development of various related processes and procedures.

A PPL Intern is a temporarily employed college student in an accredited four-year institution of higher learning, who is offered a work-study program designed to give college students practical work experience in their field of study. This program often helps students determine career interests. Beyond the scope of the actual tasks performed, the student becomes familiar with a corporate environment and gains practical skills and knowledge to supplement their classroom experience.

Qualifications

Education & Experience

  • Enrolled in an accredited college or university curriculum leading to a baccalaureate or master's degree in one of the following fields : accounting, finance, business, economics.
  • Must have a basic understanding of financial and accounting theory / principles
  • Must possess strong computer skills and be proficient with Excel spreadsheets.
  • Good communication skills are a must, both written and verbal.
  • Will graduate from their academic program within 12 months of internship completion.
  • Minimum 3.00 GPA
  • Eligible to work in the United States in accordance with the United States Citizenship and Immigration Services (USCIS) regulations.
  • Able to provide an official student transcript and other required information.
  • Able to work in a team environment - both in-person and virtually.

Work Conditions

  • Normal office environment with some potential field visits.
  • Hybrid position with approximately 3 days / week in office in Allentown, PA and two at home.
  • Responsibilities

  • Support the preparation of regulatory filings, including but not limited to distribution and transmission rate filings, rider filings, reconciliation filings, and required financial reports
  • Support regulatory proceedings related to rate, rider, reconciliation, or other required reporting filings
  • Research alternative ratemaking approaches, types of utility rate offerings, and other cost recovery mechanisms used in the industry
  • Provide ad hoc financial analysis as it pertains to ratemaking
  • Help improve control documentation and update procedures
  • Perform other duties as assigned by manager
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