FERC Compliance

Technology Solution for Compliance to FERC Regulations and Standards

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For companies in the energy sector, FERC (Federal Energy Regulatory Commission) compliance impacts all business functions operationally as well as strategically. In addition, they are faced with other compliance requirements from other national, state and regional regulatory bodies. MetricStream offers an integrated solution for successfully meeting the FERC regulatory and reporting requirements while lowering the associated costs that can otherwise be substantial.

By leveraging MetricStream's flexible control-hierarchy, organizations can define and maintain a centralized FERC compliance structure with processes, risks, and controls. Assessments can be scheduled and assigned to test and document the effectiveness of controls. If issues such as exceptions and adverse events are identified, a systematic mechanism for investigation and response is triggered with a standardized approach for root cause analysis and action plan implementation.

Webinar Integrated Risk And Compliance Management For Energy Companies: Best Practices And Case Studies For Meeting FERC, NERC, SOX And Other Regulatory Requirements   Press Releases Power Systems Company Selects MetricStream for SOX Compliance

MetricStream solution also supports implementing other initiatives key for FERC compliance management such as programs for Standards of Conduct and EH&S through document control, FERC compliance training, ongoing auditing to ensure compliance to FERC standards and policies, as well as recording and reporting of FERC-related violations or process nonconformance and the resulting corrective actions.

MetricStream uniquely combines software and content to deliver this solution with embedded best practices templates, access to FERC compliance training programs, and integration of business processes with regulatory notifications or industry alerts.

Centralized Risk and Control Documentation: A common repository for documenting risks, controls, assessments, and related policies and procedures for systematic FERC compliance management.

Related Products Compliance Management Risk Management Document Management   Issue Management CAPA / Remediation Audit Management Training Management   Regulatory Reporting Change Management Equipment Management more ...

Closed Loop Processes: Integrated FERC compliance processes to create a unified and seamless environment for identification, recording and remediation of issues and exceptions.

Real-Time Reporting: Role-based dashboards, control diagrams, and scorecards provide visibility into the ongoing FERC compliance efforts and bring high-risk areas into focus.

Reduced FERC Compliance Costs: Integrated and consistent risk and compliance management leads to better resource utilization and significantly lower costs.