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Operating Compliance
Management |
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Today’s power and utility
management may now be faced with meeting thousands of
federal, regional, state, and municipal operating compliance
requirements on a 24/7 basis. The impact of a single
noncompliance event might range from a minor inconvenience
to the potential of one million dollars per day for a
violation of specific FERC/NERC electric reliability
standards.
In this challenging environment we believe management’s
objective should be to develop a practical operations based
compliance strategy identifying, assessing, and effectively
responding to all known obligations and commitments. We
have been successful in meeting this objective by basing our
work on the widely recognized COSO-ERM structure.
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We work through each of the
eight elements to help make certain management understands
the basis for building an effective and efficient operations
compliance framework. |
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In addition, we follow the
simple process shown above to help management build
effective operations based compliance policies, procedures,
and supporting technologies.
Examples of recent compliance
management work include:
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Corporate operational
compliance readiness assessments
– Providing technical and
regulatory subject matter support to assess a company’s
ability to manage all federal, state and local
compliance requirements.
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NERC/ERO readiness
– Providing on-site
technical and regulatory subject matter support in
assessing compliance readiness with NERC ERO Standards
as well as technical support from developing ERO
procedure governance to the development of a Microsoft
SharePoint compliance framework.
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