Rates & Regulatory Summer Student at South Bow in Calgary, Alberta, CA

At South Bow, we do one thing, and we do it well: safely moving oil between some of the world’s most critical markets. We’re building our high-performing team with versatile thinkers who thrive on solving big challenges together. If you’re ready for a position where your skills are highly valued and your work is incredibly important, we want to meet you. Bring your talents to a new streamlined energy company, dedicated to operational, commercial and safety excellence as we pursue our critical purpose of delivering the energy people need. 

The Opportunity 

The South Bow Rates & Regulatory team supports the development, execution, and defense of pipeline tolls, cost of service models, and regulatory strategy across key assets.
This role provides a strong opportunity for a student with an economics, finance, or business background to gain hands on experience applying economic frameworks, quantitative analysis, and structured reasoning to real world regulatory and commercial questions.
The successful candidate will contribute directly to core regulatory and economic workstreams, including toll design, cost allocation, competitive analysis, and engagement with internal and external stakeholders. This role reports to the Manager, Rates & Regulatory.

Target start: June 1, 2026
Duration: 3 months (June–August)
Location: Calgary, Alberta
 
What You’ll Do

• Support development and maintenance of cost‑of‑service and toll models, including cost allocation, revenue requirement build‑ups, and sensitivity analysis
• Assist with economic and competitive analysis across pipeline systems (e.g., toll benchmarking, rate base comparisons, market positioning)
• Analyze throughput, revenue, and cost data to identify trends, variances, and emerging risks or opportunities
• Contribute to regulatory filings, information requests, and supporting documentation with clear, evidence‑based analysis
• Assist in evaluating regulatory and commercial scenarios, including impacts on customers, utilization, and financial outcomes
• Conduct research on regulatory precedents, tariff structures, and policy developments across jurisdictions (CER, FERC, AER)
• Prepare clear, structured summaries and briefing materials for internal stakeholders, including senior management
• Support cross‑functional collaboration with Finance, Commercial, and Operations teams to ensure alignment of assumptions and outputs
• Document models, methodologies, and analytical approaches to support transparency and repeatability 

Minimum Qualifications

• Actively enrolled in a Bachelor’s degree program in Economics, Finance or Business
• Enrolled at an accredited post-secondary institution and returning for at least one additional semester after the work term.
• Strong academic performance in quantitative and analytical coursework. 

Preferred Qualifications

• Coursework in industrial organization, regulatory economics, or econometrics
• Experience or exposure to applied economic analysis, including framing problems, identifying key drivers, and quantifying impacts
• Strong quantitative skills with experience using Excel; familiarity with data analysis tools (e.g., Python, R, Power BI) considered an asset
• Ability to work with large datasets and translate analysis into clear, structured insights
• Strong written and verbal communication skills, with the ability to present complex analysis clearly and concisely
• High attention to detail and intellectual curiosity when working through complex problems
• Interest in energy markets, infrastructure, and regulatory environments 

This Position Requires Candidates To:

• Successfully complete pre-employment background checks

About our business

South Bow's existing oil & liquids pipeline infrastructure connects Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, Texas and the U.S. Gulf Coast.  We remain committed to meeting the energy needs of North Americans today, while advancing our Liquids Pipelines System for the demands of the future. Connecting growing Canadian and U.S. crude oil supply to key markets, leveraging existing assets and seeking new opportunities to continue to provide our customers with access to the destinations they need.

South Bow is an equal opportunity employer and participates in the E-Verify program supervised by the U.S. government.

Learn more

Visit us at http://SouthBow.com and connect with us on our social media channels for our latest news, employee stories, community activities, and other updates.

Thank you for choosing South Bow in your career search.

* Depending on qualifications, the successful candidate may be offered a position at a more appropriate level and/or ladder.

* Applicants must have legal authorization to work in the country in which the position is based with no restrictions.

* All positions require background screening. Some require criminal and/or credit checks to comply with regulations.

* South Bow is committed to provide employment opportunities to all qualified individuals, without regard to race, religion, age, sex, color, national origin, sexual orientation, gender identity, veteran status, or disability. Accommodation for applicants with disabilities is available on request during the recruitment process. Applicants with disabilities can request accessible formats or communication supports by contacting human.resources@southbow.com.