Mike Hedrick Email & Phone Number

Rosemead, Ca, Us

• Manages the long term financial forecasts, earnings budget, and monthly year-end earnings outlooks

Rosemead, Ca, Us

• Managed the long term financial forecasts, earnings budget, and monthly year-end earnings outlooks• Coordinated ad hoc long term financial forecasts, and advises on modeling and results• Oversaw administration of the financial planning software (UI Planner) and ensures calculation and model integrity• Led analyst training program

Rosemead, Ca, Us

• Provided expertise and guidance to others within the group on modeling, finance theory, and expected results of the work they were performing• Performed analysis supporting the financial planning processes that ensured all the changes modeled were explainable and expected, which usually required analyzing impacts to revenues, dividends, and financings• Conducted ad hoc analysis supporting either the financial planning or strategic analysis workstreams, as needed• Successfully led the redesign of the revenue logic and how all data flows through various portions of the financial planning software (UI Planner), which required coordination with internal users of the software and external consultants• Built complex, but re-usable Excel based financial models and proofs to support analysis done by other individual contributors

Rosemead, Ca, Us

• Performed analysis that assesses financial impacts and value to both the company and customers of various strategic, operational, and regulatory initiatives, and communicated findings to stakeholders• Assessed capital project business cases, and provided recommendations for funding approval to the President and the Chief Financial Officer• Forecasted the multi-billion dollar debt equivalent obligations that rating agencies will impute for the generation portfolio, and evaluated how contract terms impact credit metrics• Provided support to both the long term and short term financial planning processes primarily around capital structure impacts to earnings and financing cost accruals for assets under construction

Rosemead, Ca, Us

• Administered the company’s $2.75 billion and parent company’s $1.75 billion credit facilities• Performed short-term cash planning, borrowing, and investing activities• Maintained the division’s $15 million budget for credit line fees, bank fees, and interest• Managed the department’s business resiliency plan, which included testing plan components, maintaining the alternate work location, and developing new strategies and policies• Performed quarterly and monthly reporting for regulatory requirements and 10K analysis

Rosemead, Ca, Us

• Determined accounting treatment of purchased power agreements and provided analysis for financial statement disclosures• Provided recorded to budget analysis of departments $200M O&M budget, and assisted with budgeting process• Developed new and automated existing processes for budgets, reporting, and compliance activities