Counsel, Regulatory and Compliance

TXU Energy (Vistra Corp)•Austin, TX

1d•Hybrid

About The Position

If you have what it takes to become part of the Vistra family and would like to start a promising career with a global leader, take a look at the exciting employment opportunities that are currently available and apply online. Job Summary The Regulatory Counsel contributes as a member of the fast-paced and fully integrated Vistra Regulatory & Compliance team for wholesale trading and commercial businesses, working in cross-functional teams, including Vistra legal, compliance, commercial, risk management, development, and regulatory affairs to provide legal and compliance guidance to business units. They research and provide analysis necessary to design, implement, and maintain compliance controls and lead discovery efforts and case management in responding to regulator inquiries. Additionally, they advocate the interests of the business units of Vistra before federal and state regulators, such as FERC, CFTC, PUCT, and the RTO/ISOs and advise the business on regulatory requirements and risks for new project development. Job Description Key Accountabilities Applies policy and regulatory expertise to anticipate and resolve issues in partnership with internal business clients. Builds strong working relationships with and manages outside counsel effectively and efficiently. Defends the company and advocates for the company’s interests in regulatory and enforcement actions. Provides advice and counsel on interconnection agreements, commercial agreements, and related issues supporting new resource development opportunities across the Vistra fleet. Provides compliance coverage under Federal Energy Regulatory Commission, Commodities Future Trading Commission, Public Utility Commission of Texas, and Regional Transmission Organization (RTO) rules for Vistra commercial business units, including designing, implementing, and maintaining compliance controls consistent with those rules. Provides legal research and analysis necessary to support commercial business units’ compliance in wholesale electricity and natural gas markets. Makes formal and informal contact with regulators, RTO staff, market monitor staff, and other market participants to gain better understanding of relevant rules and the overall regulatory environment. Actively monitors regulations, rules, and laws that affect the legal requirements and risk exposure of Vistra. Facilitates agreement across a wide range of disparate internal stakeholders.

Requirements

J.D. required; must be licensed to practice law, preferably in Texas
Minimum 3 years’ of practice in energy regulatory law and/or policy or regulatory/administrative litigation practice
Strong analytical skills, judgment, energy/enthusiasm, and interpersonal skills
Excellent verbal and written communication skills
Skilled in use of Microsoft Office programs and ability to learn and use additional computer applications, as needed

Responsibilities

Applies policy and regulatory expertise to anticipate and resolve issues in partnership with internal business clients.
Builds strong working relationships with and manages outside counsel effectively and efficiently.
Defends the company and advocates for the company’s interests in regulatory and enforcement actions.
Provides advice and counsel on interconnection agreements, commercial agreements, and related issues supporting new resource development opportunities across the Vistra fleet.
Provides compliance coverage under Federal Energy Regulatory Commission, Commodities Future Trading Commission, Public Utility Commission of Texas, and Regional Transmission Organization (RTO) rules for Vistra commercial business units, including designing, implementing, and maintaining compliance controls consistent with those rules.
Provides legal research and analysis necessary to support commercial business units’ compliance in wholesale electricity and natural gas markets.
Makes formal and informal contact with regulators, RTO staff, market monitor staff, and other market participants to gain better understanding of relevant rules and the overall regulatory environment.
Actively monitors regulations, rules, and laws that affect the legal requirements and risk exposure of Vistra.
Facilitates agreement across a wide range of disparate internal stakeholders.
Works closely with the business units to maintain compliance with relevant rules, keep business units and other functional teams abreast of any changes to the regulatory and compliance environment, and develop responses to regulator and market monitor inquiries.
Coordinates and leads the preparation, submittal, and management of filings, registrations, reports, responses to investigations, and responses to requests for information, including discovery requests and legal/data preservation requirements.