Cogentrix is a leading independent power producer with a long track record of successfully acquiring, developing, constructing, operating, improving and divesting power generation assets. Cogentrix is owned by funds managed by The Carlyle Group, one of the world’s largest alternative asset management firms, and serves as Carlyle’s in-house power asset management platform. Cogentrix has been directly involved in the development, ownership, operations and management of coal-fired, natural gas-fired, and solar power assets delivering a combined generating capacity in excess of 10 GW. Through the ownership and operation of these plants, Cogentrix has participated in most of the major power regions in the U.S. Cogentrix currently manages plants in the Carlyle portfolio, which has a total net generation of approximately 5,800 MW.
As the Manager of Fuels you will be responsible for all physical fuel procurement and financial fuel hedging to support Carlyle Power Partners power generation portfolio. The Manager will work out of Cogentrix’s Princeton, NJ location in the Commercial Operations team and report directly to the V.P. Commercial Operations. They will oversee a group of traders that will be transacting both physical and financial natural gas, ULSD and residual oil for short, medium and long term contracts. They will also be responsible for managing the position through delivery while also ensuring that the necessary processes, procedures and systems are in place to track position P&L and report up to senior management. They will be responsible for providing analysis and recommendations to senior leadership to maximize energy revenue generated by the power portfolio through prudent, risk averse strategies. This Manager will develop and implement new trading strategies to bring additional value to the portfolio while working closely with the physical and financial gas team. They will also assist in the M&A process when new assets are being purchased and existing assets are being divested.
DUTIES AND RESPONSIBILITIES
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