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FERC
Compliance - A daunting challenge…
The federal regulatory process is complex, and resource constraints and legally
binding deadlines can complicate an agency’s regulatory task. All FERC
regulated companies are constantly being given newly mandated FERC Compliance
Monitoring requirements. Some of the reporting requirements are relatively
simple. New compliance requirements can be more complicated. Additionally, ever
since the California power crisis and the ensuing oversight that occurred,
companies need to have their compliance monitoring certified or outsourced.
Management of all companies and board members, need the assurance that all
facets of their business operations are in compliance with FERC regulations. IT
systems that are shared between affiliated companies need to be security tested
and certified by outside vendors that can state that the marketing affiliate of
a regulated utility cannot obtain access to regulated data. Emails, Instant
Messages, and voice recordings need to have a system that automatically
analyzes them to search for wording that may be indicative of non-compliance. A
constantly updated database would be used as market terminology evolves. There
is a need to search through transactional data versus reported data to ensure
that reporting is in compliance. The ability to see anomalies in trades versus
market conditions should exist so that a company’s market based rate authority
is not jeopardized. Transmission providers will need to ensure that their
systems, tariffs, etc are all in compliance with Order 890. Fortech helps
clients accomplish their regulatory responsibilities by providing cost
effective regulatory-support Consulting services and software tools. We provide
FERC Compliance consulting services for Independent Functioning,
Nondiscriminatory Information Access & Open Access Transmission Tariff
Implementation. Our Energy experts have an exceptional grasp of the regulatory
process and can support all phases of the rulemaking process. Fortech provides
Compliance monitoring services from a simple audit and certification business
process, to a full system solution FERC 890 compliance as well as the
audit/certification of internal processes.
Fortech’s
FERC Compliance support services are provided by an integrated staff of:
•
Energy
Domain Experts
•
Business
Analysts
•
Software Engineers
Our Approach
We understand the compliance/rulemaking process,
including the latest FERC requirements and applicable executive orders and
statutes. We take time to listen to our clients and learn the nuances of each
project. Fortech is alert to the challenges faced by rule makers, multiple
layers of internal agency review, delays in achieving consensus, high volumes
and complexity of comments, delays in external review and coordination, and
other un-anticipated events. Our managers maintain close and frequent contact
with the client to ensure that we remain substantively on target and on
schedule. Our capabilities and experience in providing rulemaking support range
across the following activities. • Selecting a regulatory approach. We help
clients identify and describe problems, characterize affected stakeholders, and
develop options and conduct tradeoff analyses. • Performing regulatory
analyses. We estimate costs, benefits, and cost effectiveness of regulations,
prepare small business analyses, paperwork burdens, and prepare support
documentation (e.g., Regulatory Flexibility Analyses (RFAs), Regulatory Impact
Analyses (RIAs), and Information Collection Requests (ICRs)). • Managing
stakeholder involvement. We facilitate stakeholder participation and summarize
and help develop responses to public comments. • Implementing regulatory
decisions. We help develop implementation strategies, provide outreach and
training support, and evaluate the progress of implementation.
Software Solutions for
Compliance
Fortech specializes in developing comprehensive
software solutions to enforce regulations and comply with all reporting
requirements. We work with our clients to develop systems or software solutions
to help ensure compliance as well as develop compliance systems testing
standards.
Why
Fortech?
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Fortech offers the advantage of its
industry expertise and established infrastructure of people, processes, and
systems that make it a leader in Real Time Energy Services provided by its NERC
and WECC Certified Operators
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Fortech has experience in delivering
software Solutions ranging from Electronic Tagging to large Energy Scheduling
System and OASIS to Load Forecasting.
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Expertise in delivering complex
Custom Solutions
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To schedule a web based demonstration
of ESAS, please send an email to sales@fortechsw.com
or call our sales at 480.237.0457
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