In this NERC Compliance training for Energy and Utility learn a top down strategic approach to NERC compliance and the how to embed risk assessment and management techniques in it.
Why Should You Attend:
The North American Electric Reliability Corporation (NERC) lays the foundation for the safety, security and reliability of the North American bulk power system. NERC sets reliability standards, establishes system outage tolerances, analyzes system disturbances and conducts periodic reliability audits and assessments. Reporting requirements for breaches of compliance can be stipulated within hours of the non-compliance event. The penalties for non-compliance are also severe, with criminal and civil penalties assessable up to $1m for each day of violation. Increasingly, companies must look to adopt a systematic, cost effective approach to their compliance programs that is commensurate with the risks faced.
Areas Covered in the Seminar:
 

• Importance of a compliance strategy, policy, philosophy and culture.
• Components of a risk based compliance program.
• Conducting a risk assessment of compliance obligations.
• Mapping compliance mitigation strategies to the risks of non-compliance.
• Compliance reporting, monitoring and measurement.
• Leading frameworks for compliance.