FERC and NERC

OpenPages Assists Utilities as They Comply with FERC and NERC Regulations

Even in the wake of sweeping deregulation of the energy industry, few companies face as much government oversight as utilities. Power generation and distribution companies are subject to a maze of regulatory oversight, including state agencies and the federal agencies, the Federal Energy Regulatory Commission (FERC), the North American Electric Reliability Corporation (NERC), the Nuclear Regulatory Commission (NRC), the Environmental Protection Agency (EPA) and the Occupational Safety and Health Administration (OSHA).

FERC Expands Oversight of Utilities

In addition, with the 2005 repeal of the Public Utilities Holding Companies Act (PUHCA), utilities have increased freedom to engage in mergers and acquisitions that span state borders. As a result, FERC has expanded its authority to access the books and records of public utilities, leading to a strong requirement for transparency and control.

OpenPages – Solution for Utilities to Manage Risk & Eliminate Silos

OpenPages has enabled leading energy and utilities companies like PG&E Corporation, BP and Ferrellgas to meet FERC, NERC, Sarbanes Oxley Act (SOX) and other regulatory requirements. OpenPages enables them to eliminate risk and compliance silos, manage risk across the business, sustain compliance across multiple regulations, and embed these activities into their core business practices.

OpenPages can help your company:

• Meet new and evolving regulations including FERC, NERC and NRC guidelines, Merger & Acquisition (M&A) regulations and SOX, with one IT solution, not several
• Automate compliance and supervision to help oversee all business processes and employee activities, and review all business processes against organizational policies and regulatory guidelines
• Proactively manage and unify all aspects of operational risk, including risk and control self assessments, scenario analyses, loss events, and key risk indicators in every department

OpenPages Platform Manages Risk for Utilities

The OpenPages Platform enables energy and utility organizations to execute disciplined risk and compliance programs to manage unexpected outcomes and to reduce the impact of realized risks when they do occur. OpenPages solutions provide enhanced visibility into the risk landscape, enabling business managers in different departments to make smarter decisions that maximize value, reduce costs and balance risk and returns.

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A new case study that demonstrates how a Fortune 500 energy and utility company leveraged OpenPages GCM to accomplish a multi-billion dollar merger and meet regulatory compliance with FREC and NERC at the same time, can be found under the left-hand navigation.

In addition, a white paper, entitled, “General Compliance Management: Reducing the Cost and Complexity of Complying with Multiple Regulations,” can be found in the left-hand navigation.

For questions or for more information on OpenPages compliance solutions for FERC and NERC, please click here or call us at 781.693.5999.