Asset Management - Electric Utilities
Limited Resources...
Asset management enables electric utilities to understand the value of their assets in the achievement of their organizational objectives Aging assets in a way that balances costs, quality of service and performance and reliability of assets. Asset management plays a significant role in identifying and balancing the risks to the utility's operations and investments. On the other hand aging workforce and increasing restrictive regulations combined with limited resources are forcing Electric Utilities to rethink the Capital and Maintenance Investment Planning.
Electric Utilities must pay focus on improvements in their key performance areas i.e. Strategic Alignment, Operations, Capital Management, Human Assets and Information Assets. Electric Utilities are now forced to identify strategies and solutions to maintain their functional and operational stability while maintaining or improving their reliability and financial performance.
Investment planning
Allocating and diligently spending the right amount of funding on CAPEX and OPEX investment plans become important requirements for utilities. Regulators ask specific and expert questions for justification of investment plans. Bottom line is to allocate and plan for investments that adequately address risks, performance and reliability of the electric grid and utility's power system.
LargePowerTransformers enables Electric Utilities to meet the regulator's requirement, develop the best suited business plans for capital and OM&A investments.
Strategies
Strategies determine the effectiveness of the Utility's Asset Management. We enable Electric Utilities to develop their Asset Management Strategies to address risks, reliability and performance. Let us help you to develop and implement strategies to achieve effective Asset management in your organization.
Assessments
We conduct:
- Risk assessments for individual utility asset, fleet of assets, investment plans and maintenance practices,
- Condition and health assessments for utility assets
- Reliability and performance assessments for systems and assets
Documents, Standards and Policies
We develop new or review existing apparatus functional requirements documents, equipment engineering standards, engineering design standards, technical specifications, strategy documents, spare strategies evaluations, test and inspection plans, maintenance plans, rate application documents, business case documents, operational procedures, technical reports,...and more.
Rate Applications
Consult with us for the content of your documents before submitting to the regulator. We provide responses to the questions identified by regulating body, on your behalf.
Business cases
Business cases justify the necessity and benefit of a specific purchase or plan. We assist you with required analysis e.g. cost/benefit or net present value analysis
