1. SABINA RANK
www.linkedin.com/in/sabinarank
WORK EXPERIENCE
SOUTHERN CALIFORNIA EDISON ROSEMEAD, CA
JUNE 2005 – PRESENT
SENIOR PROJECT MANAGER, RISK CONTROL, RISK ANALYTICS (MARCH 2008 – PRESENT)
Validate operating framework for the control points of the Go-Live phase of CAISO Market Redesign (“MRTU”) centered
on the day-ahead resource plan and market backcast, market awards relating to energy and capacity, and various planning
functions as they relate to the CAISO IFM; Identify and document process-related issues and concerns for asset optimization
functions including data integrity, governance structure, and control framework, and effective results monitoring
Develop, review, and monitor processes around all on-going and new MRTU Bidding Strategies, including portfolio
planning/optimization and bidding, Virtual Bidding, Congestion Revenue Rights, et cetera
Validate various UDAs for DA Trading and Short Term Planning groups for implementation of various bidding strategies
including Real Time Position Management, Virtual Bidding, Peak Day Strategies, SCP Substitution calculations, renewable
resource bidding and scheduling strategies, and Supply Side Bidding; Perform as-needed and ad hoc validations related to
bidding practices and strategies
Monitor portfolio-wide bidding practices and formulate strategies for DA and RT Power Trading and Gas Trading while
critically examining market activities, including trading and bidding, as well as asset optimization, and identify opportunities
for increased operational efficiency
Evaluate and validate the DLAP DA LMP forecast error calculation method; Determine its impact on physical demand bids
by SCE and on the larger market
Determine, create, and calculate appropriate risk metrics for the various strategies of the DA Trading Group as part of the
Value of Hedging Initiative to determine the role DA Power Trading should play given current nodal market; Oversee
creation and process for updating Risk Ops Monthly Trader Reports for the purposes of monitoring appropriate metrics
Monitor Long Term Procurement Plan drafts and proceedings for matters pertaining to Risk Analytics and Regulatory
Finance; liaise with various Risk Control groups to ensure testimony obligations are met and required analysis is performed on
a timely basis
Overhaul the SCE Risk Policy; Revise the delegation of approval authority and articulate the governance, roles, and
responsibilities for the AB 57 Bundled Customer Procurement Plan and other procurement strategies, including the credit
management process, and transaction procedures and limits; Develop procedural framework; Compile and analyze historical
transaction data across commodities; Establish, calculate, and construct new trader transaction limits; Draft policy changes
and updates; Facilitate stakeholder review across Power Supply; Create and ensure Risk Policy acknowledgement through
web-based training program for over 300 employees
Cross -train and draft various contract provisions for the Local Capacity Resource RFO; Provide and document explanation
and background for current contract credit and risk provisions
Formulate minimum standards for UDAs and implement these standards across stakeholder groups
SENIOR PROJECT MANAGER, RISK CONTROL, RFO TEAM (JUNE 2005 – MARCH 2008)
Negotiated with counter parties and ensured the policies and interests of Risk Operations group and Risk Control dept. are
incorporated into executed agreements with respect to confirmation policy, trading practices, mark-to-market valuation
(“MTM”) methodologies, collateral calculations, termination valuation methodologies, as well as other pertinent contract
provisions across enabling agreements
Drafted SCE pro forma language, revised existing agreements, and negotiated new enabling agreements and confirmations
relating to deals done under WSPP, EEI, NAESB and ISDA, contracts for transaction mediums (e.g., brokerage services,
clearing houses, natural gas pipelines and local distribution companies, et cetera), Power Purchase Agreements, and any
bilaterally negotiated contracts (including tolling agreements, heat rate options, etc.)
Resolved calculation methodologies for MTM and disputed collateral calculations including but not limited to price curves
and NPV rates, with counterparties for structured transactions, such as tolling agreements, heat rate call options, et cetera
Addressed and resolved risk-related issues arising from contract review and negotiation teams, with particular focus on the
Request for Offer (“RFO”) process
Monitored and ensured that Risk Ops processes are maintained for relevant functions of Power Supply
Maintained, updated, and in some cases, presented several Risk Operations weekly and quarterly reports for the internal and
external audiences; Involved in daily MTM functions; Resolved deal correction issues, trading exceptions, collateral
forecasting and risk policy surrounding the methodologies, Capacity Product Development initiatives, and PRG related
concerns
2. JOHN KERRY FOR PRESIDENT, INC. HOUSTON, TX
MARCH 2004 –NOVEMBER 2004
DEPUTY SOUTHWEST FINANCE DIRECTOR
Managed major candidate, spouse, and surrogate fundraising events in Southwest region, primarily Arkansas, Colorado, Louisiana,
New Mexico, and Texas; Responsibilities centered on high-dollar fundraising activities, including facilitating and maintaining donor
relationships, major candidate and surrogate briefings and event staffing, event planning and logistics, and donation processing
ECON ONE RESEARCH, INC. HOUSTON, TX
DECEMBER 2002 – MARCH 2004
ANALYST, ENERGY STRATEGY GROUP
Constructed and published the monthly Retail Power Index (“RPI”), for Platt’s Megawatt Daily and Power Markets Week; Executed
financial modeling for pricing analysis; Provided benchmarking analysis and market commentary for supporting monthly article as
well as economic and energy forecasting related to the impact of electricity deregulation
Examined MI, IL, and OH retail natural gas markets; Prepared client report on market entry strategy, operations, target market,
market risks, wholesale supply, product structuring, and potential marketing channels
Investigated implications of utility’s planned integration into the PJM market; Constructed economic and tariff models to forecast
different transition charge levels for alternative regulatory outcomes of current cases
Performed analysis for expert testimony related to Enron trading strategies utilized in conjunction with trading partners in the
California market; Analyzed and evaluated the impact of complex transactions and strategies and their market influence; Assessed
conduct and its violation of CAISO tariffs and the Federal Power Act; Determined appropriate remedies and calculated damages to
be awarded in settlement hearings based on review Enron financial statements and detailed transactional records, company
correspondence, and economic analysis
ENRON CORPORATION HOUSTON, TX
JULY 2000 – DECEMBER 2001
ENRON ENERGY/WHOLESALE SERVICES ANALYST: COMMODITY STRUCTURING (AUGUST 2001– DECEMBER 2001)
Structured and priced national retail gas deals, deal structures included fixed, basis, index, options, and various derivative products;
Executed retail gas deals for all regions
Modeled cash flows and deal economics for credit valuation purposes
Collaborated with traders and risk management to ensure the accuracy of forward energy curves utilized in pricing
ENRON NORTH AMERICA ANALYST: GAS/TRADING FUNDAMENTALS (AUGUST 2000 – JULY 2001)
MidMarket Gas Desk: Published weekly industry analysis on 6 industries (airlines, freight trains and trucking, tankers, etc.) focused
on aggregate industry trends and energy concerns relating to various fuel types
East Gas Desk: Created, updated and distributed morning reports for East traders; Modeled and published weekly forecast and
weekly report of DOE stock levels; Published weekly newsletter analyzing events, prices, and market indicators in the East gas
market; Modeled operational and flow reports for all Eastern US pipelines
HONGKONG SHANGHAI BANKING CORPORATION, LTD. (HSBC) BANGALORE, INDIA
1999 JUNE – AUGUST
INTERN: CORPORATE BANKING AND TREASURY DIVISION
Created and published booklet outlining HSBC’s Corporate Banking services and facilities
Targeted newly established IT/Software firms, researched company backgrounds, and evaluated financials
Participated in meetings with IT firms’ Financial Managers to establish corporate relationships
Completed monthly deal reports for Treasury Department; Monitored and analyzed live news feeds for Treasury traders
EDUCATION
WELLESLEY COLLEGE WELLESLEY, MA
B.A. in Economics & Political Science (Double Major)
Relevant coursework includes: Micro- and Macroeconomics, Development Economics, Statistics, Econometrics, Calculus
MASSACHUSETTS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MA
Graduate Level coursework in Sustainable Development: Theory & Public Policy (Political Science Dept) and Public Finance in
Developing Countries (Urban Studies Dept)
LONDON SCHOOL OF ECONOMICS LONDON, UK
Visiting Student in Economic History 1998 – 199
Relevant coursework includes: Senior Level International Economics and Development Economics, Upper Level Latin America and
the International Economy and Demographics of the Indian Subcontinent