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Optimize Energy Investments The energy sector is undergoing significant transformation. Utility companies are confronted with the challenge of managing aging infrastructure that requires extensive refurbishment or replacement. This is happening alongside a global shift in policy towards more efficient and sustainable energy systems. Ignoring these factors could greatly affect overall grid stability, customer satisfaction, and …
Author Archives: admin
19
Feb
Feb
This article explores the importance of data input in asset performance management for electric utilities, focusing on the Asset Health Index (AHI) and its analysis. Asset performance management – data input One of the most important questions Electric Utilities must consider with their maintenance strategies and asset performance management systems is data input. Which data we should …
07
Feb
Feb
The price of light is less than the cost of darkness. Arthur C. Nielsen Integration and Data Load Summary This article discusses the integration and data load step in our hypothetical project to reach compliance with FERC Order 881. This step can be completed as often as needed within the project to reach a state of “done,” …
17
Jan
Jan
System Configuration Summary This article concerns FERC 881 compliance and focuses on the system configuration step. The goal is to provide configuration and implementation for all functions related to the requirements upon approval. The system configuration involves identifying facilities and significant objects, configuring rating configurations, element rating sources, and rating calculations. The final output is …
07
Jan
Jan
Defining and Understanding Review Last week, we introduced defining and understanding our FERC 881 compliance project. For review, we looked at: High-Level Architecture and Project Design can run parallel with our previous step Definition and Understanding. With this hypothetical project with nine months, we are allocating 35 workdays for this step. This timeline depends on …
03
Nov
Nov
Introduction: Defining the Project Requirements Project requirements definition is a crucial step toward achieving project success. This step comes after establishing a project team, testing environment, and budget. Our next objective is to provide a framework that complies with FERC Order 881. We have allocated 30 days to complete this task for our hypothetical nine-month project. In …
26
Oct
Oct
There may still be some confusion about FERC 881. However, full compliance with FERC Order 881 requirements by July 2025 is mandatory. So now is the time to move from inaction to planning and taking action. Our hypothetical scenario uses a nine-month project timeline with a hybrid methodology. We are using IPS®Advanced Facility Ratings Management Implementation for …
06
Oct
Oct
It is important to note that full compliance with FERC Order 881 requirements by July 2025 is mandatory, and it is time to start your FERC 881 Order project and move from inaction to planning and taking action. Our hypothetical scenario uses a nine-month project timeline with a hybrid methodology and Solution Implementation. We have allocated …
