Mustapha El-Baba
North Palm Beach,FL
Summary
Analytical and detail-oriented finance & regulatory professional with nine years of experience in the regulated utilities industry. Bringing demonstrated history of valuable contributions to Canadian and US rate applications, filed before the Ontario Energy Board and Federal Energy Regulatory Commission, respectively. Methodical and objective with sound critical thinking and problem-solving abilities.
Overview
8
8
years of professional experience
1
1
Certification
Work History
Senior Regulatory Advisor
Florida Power & Light Company
07.2023 - Current
- Serve as Rates & Jurisdictional Cost Separation Back-up Witness in Florida Power & Light's 2024 Wholesale-Transmission Rate Proceeding; filed before the Federal Energy Regulatory Commission (FERC).
- Assist in drafting rates & cost separation direct testimony, minimum filing requirements (MFRs) and discovery responses.
- Participate in Technical Conference held with Commission staff and Settlement Conferences held with commissioner-granted intervening parties.
- Prepare Federal Power Act (FPA) Section 205 Filings pertaining to FPL's FERC-jurisdiction wholesale service.
- Prepare Cost Separation and Present Value Revenue Requirement (PVRR) analysis, which impact the assessment of proposed long-term contracts facilitated by FPL's internal energy market & trading team.
- Develop comprehensive rate analysis with federal tax credits implications for special contract rate pricing, facilitated by FPL's internal energy market and trading team.
- Review FPL's monthly wholesale profit & loss analysis, verifying data and conforming accuracy and completeness.
Regulatory Specialist
Milton Hydro Holdings Inc.
03.2022 - 02.2023
- Prepared written testimony and interrogatory responses serving as Back-up Regulatory Affairs Witness for Milton Hydro's 2023 Cost of Service Rate Proceeding; filed before the Ontario Energy Board.
- Participated in Milton Hydro's 2023 Cost of Service Settlement Conference and collaborated with internal Milton Hydro team to assess intervenor settlement offers & counter-offers, and negotiation strategy.
- Assisted in drafting the 2023 Cost of Service Settlement Proposal, receiving approval from Commission Staff (Ontario Energy Board) and Commissioner-granted rate case intervening parties.
- Performed several industry benchmarking analysis leveraging OEB published Local Distribution Company Electricity Yearbooks for all Regulated Utilities within the province of Ontario.
- Reviewed implementation Approved Unit Rates in Milton Hydro's Customer Information System (CIS), reconciling to Commission-approved Tariff of Rates and Charges for accuracy and completeness.
- Prepared Milton Hydro's 2023 Distribution Revenue & Cost of Power budget plan, along with the 3 year long-range outlook (2024-2026). Liaised with internal departments to discuss key budget profile drivers regarding their respective budget units.
- Monitored Provincial Regulatory Reporting guidance updates, assessing impact to Milton Hydro and providing guidance to respective internal departments (Engineering, Finance, Customer Service, Accounting).
Senior Revenue Reporting Analyst
Enbridge Gas Inc.
07.2019 - 03.2022
- Played an active role in Enbridge's ERP system harmonization process. Assisted in data migration testing and implementation of consolidated ERP system. Prior to resource harmonization, Legacy Union Gas leveraged SAP enterprise-wide ERP system, and Legacy Enbridge used Oracle (Enbridge acquisition of Union Gas took place in fall of 2016).
- Prepared unbilled revenue accruals representing consumption and revenue financial estimates for Enbridge's 4.5 million residential customer base, using SAP-BPC.
- Cross-referenced unbilled revenue accruals against SAP-CIS billing system data, assessing volumetric and revenue dollars accrual discrepancies, further investigating variances in excess of materiality thresholds.
- Reviewed monthly financial close deliverables And presented monthly reporting dashboards in finance departmental monthly close review meetings.
- Prepared the 2022 Distribution Revenue Budget profile within SAP-BPC management reporting system. Liaised with internal Regulatory Affairs, Gas Supply, and Demand Forecasting to review budget profile drivers for reasonability.
- Prepared distribution revenue variance explanations in the Power Bi reporting platform, subject to inclusion in the company's quarterly public financial statements release.
- Prepared external audit audit request responses during quarter-end review and year-end close audit engagement.
Cost Accounting Analyst
Enbridge Gas Inc.
09.2016 - 07.2019
- Prepared support schedules and recorded month-end journal entries in Enbridge's accounting system, SAP-ERP.
- Reconciled monthly financial results to ensure accuracy and completeness of data imported from accounting system financial trial balance extracts.
- Prepared year-to-date financial summaries for Enbridge's Commissioner-approved Purchased Gas Variance Accounts (PGVA). Liaised with internal Regulatory Affairs and Gas Supply teams, reviewing financial summaries and modifying business year outlook, in preparation for submission of Quarterly Rate Adjustment Mechanism (QRAM) rate filings.
- Performed monthly reconciliations of Enbridge's PGVA Deferral and Variance SAP-ERP general ledger account.
Education
Bachelor of Science - Accounting And Finance
Odette School of Business - University of Windsor
Windsor, Ontario, Canada08.2016
Certification
CPA - Certified Public Accountant
- Fulfilled CPA Ontario Practical Experience Requirements and successfully completed four written exams, capstone project, and the Common Final Examination (CFE).
Timeline
Senior Regulatory Advisor
Florida Power & Light Company
07.2023 - Current
Regulatory Specialist
Milton Hydro Holdings Inc.
03.2022 - 02.2023
Senior Revenue Reporting Analyst
Enbridge Gas Inc.
07.2019 - 03.2022
Cost Accounting Analyst
Enbridge Gas Inc.
09.2016 - 07.2019
Bachelor of Science - Accounting And Finance
Odette School of Business - University of Windsor