Management Strategies
FERC CIP Audits 2023 - Best Practices in Cyber Readiness
The Federal Energy Regulatory Commission (FERC) Division of Audit and Accounting (DAA) conducts audits in many areas to support the needs of the Commission. A recent FERC publication details the results of FERC Critical Infrastructure Protection (CIP) audits of several U.S.-based North American Reliability Corporation (NERC) registered entities. This report gives insights into best practices to measure your system’s CIP readiness.
Develop KPI’s using FERC Accounting Practices
Key Performance Indicators (KPI’s) are measures used to set baseline performance implement improved performance strategies on those baselines.
The measurement ability makes KPIs a management tool for setting priorities and measuring progress in implementing strategy.
Developing and implementing strategy initiatives includes setting goals, measuring progress, making mid-course adjustments, and evaluating success.
Electric Industry 101, Your 5-minute Guide to the Electric Business
In this Electric Industry 101 guide to the business we'll give you a quick overview of the electric industry, i.e. how it’s organized, oversight, and, most importantly, how electricity gets to your home and business. If you are new to the electric industry, you’ll soon see that it is like any other manufacturing business, except that the manufactured product is invisible.
Strategies for operating your co-op or utility in a high-interest rate and high inflation environment
We are now in the midst of an economic period we have not seen since the 1970s and early 1980s. Interest rates are moving higher for the foreseeable future, inflation is at a level not seen in 40 years, and economic growth is slowing. This was called "stagflation" in the '70s and '80s.
The point of this article is to discuss how this economic environment impacts management issues at power and utilities organizations. We'll touch on the large areas for consideration. There are not always straightforward answers in these areas, but many points for consideration.