ComplianceOnline

Compliance for Energy and Utility Companies: The New Realities and How to Deal with Them - Free Webinar

Product ID: 701117
  • Duration: 60 Min

recorded version

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Read Frequently Asked Questions

This webinar will provide needed information to energy and organization to meet the new FERC compliance realities.

Energy companies are faced with a proliferation of compliance requirements from a growing number of regulatory bodies that impose oversight and reporting requirements. Industry regulations from FERC, NERC and state and regional public service commissions combined with cross-industry regulations and mandates like Sarbanes Oxley (SOX) impact all business functions operationally as well as strategically.

The Energy Policy Act of 2005 (EPA 05) increased criminal and civil penalties assessable by FERC. The Commission can levy fines up to $1,000,000 for each day of violation. Also, EPA 05 expanded FERC's authority to impose criminal penalties for violating the FPA. This is the new reality. Readiness to comply with FERC, NERC and other state regulations are musts if penalties are to be avoided .

In this environment, energy companies are looking to adopt a systematic approach for defining and managing risk and compliance initiatives and quality management programs through a sustainable and integrated process instead of multiple unrelated tactical projects.

The webinar covers:

  • How to prepare your organization to meet the new FERC compliance realities. This will include how you should review your corporate structure, strategy and internal processes to meet the new demands.
  • How to decide on the correct software solutions to help automate much of the process and how to prepare the organization for the solution.
  • Centralized documentation of requirements, risks, controls, assessments, and related policies and procedures for systematic compliance management.
  • Integrated, closed loop compliance processes for identification, recording, reporting and remediation of issues, violations and exceptions.
  • Compliance monitoring on role-based dashboards, control diagrams, and risk heat maps that provide real-time reporting and analytics.
  • Reducing compliance costs through business process automation and efficient resource utilization.

Who Will Benefit:

This webinar will provide needed information to energy and organization to meet the new FERC compliance realities.
This will include how energy professionals should review their corporate structure, strategy and internal processes to meet the new demands.

  • Manager, Energy Services
  • Energy Efficiency Programs Manager
  • Director- Commercial Energy Services
  • Environmental Analyst
  • Energy Engineer
  • Energy Consultant

Panelist(s) Info:

David O. Jermain - Principle and Managing Partner- DOJ Consulting
Thirty years of executive and consulting experience in the worldwide energy industry. Twenty years consulting on strategy, organization solutions, new business development, and sector level power industry restructuring. Special subject matter expertise in electric power compliance management.

Lane Birch - Principle - DOJ Consulting
Has nearly 30 years of executive and consulting experience including audit knowledge working at the General Accounting Office, computer sciences consulting working for Boeing, financial planning and deal-evaluation depth working for PacifiCorp's natural resources subsidiary and superb capabilities in utility M&A.

Charles B. Goldenberg - VP, Governance, Risk and Compliance Solutions
Charles Goldenberg leads governance, risk and compliance solutions for MetricStream, including solutions for SOX compliance, Enterprise Risk Management, Board Governance and Operational Compliance. Charlie brings more than 30 years of professional experience to MetricStream, including 25 years as a management consultant

Related Information

Energy & Utility companies are faced with rapidly changing business environment resulting from increasingly complex regulatory requirements, growing cyber threats and vulnerable standardized technology. More more information, visit:

Governance, Risk, Compliance and Quality Management in the Energy & Utility Industry:
http://www.metricstream.com/industries/energy.htm

NERC Critical Infrastructure Protection (CIP):
http://www.metricstream.com/solutions/nerc_compliance.htm

FERC Compliance:
http://www.metricstream.com/solutions/ferc_compliance.htm

Enterprise Risk Management:
http://www.metricstream.com/solutions/risk_management.htm

Emission Management:
http://www.metricstream.com/regForms/emission_management_solsheet_reg.htm

Quality and Safety Management:
http://www.metricstream.com/solutions/internal_quality.htm

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