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.
In this webinar, we will discuss best practices and case studies on:
- 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
