FERC recently issued one of its biggest enforcement penalties to date as part of its settlement with one of the largest Energy & Utility organization in U.S. Over the last 3 years FERC Enforcement programs and Audits have become more stringent, numbers of violations have increased and penalties have touched hundreds of millions of dollars.
Complying with FERC 1000, other new regulations and changes to existing rules on various aspects including federal licensing, power generation, power transmission, environmental and workplace safety sectors would require a proactive and enterprise approach to FERC compliance and not a siloed approach which will pose significant financial risk. Especially for organizations that operate multiple subsidiaries and divisions for Electric Power, Oil, Natural Gas and Hydro Power, creating a centralized enterprise compliance program helps manage compliance tasks centrally, avoid duplication of effort, provide a single view of compliance risk and health across divisions and departments.
Leading Energy & Utility organizations are increasingly discovering the need to create a culture of compliance across the organization to effectively manage FERC compliance requirements, audits, compliance risks to avoid potential financial penalties.
Join this session and learn how :
- To develop and enforce relevant policies, procedures and controls to effectively manage requirements from multiple regulations (FERC, CFTC and FTC)
- To Prepare and Manage Self-Certifications & Compliance audits (both Internal and FERC Audits)
- Technology and software solutions, tools can help reduce potential costs and complications of regulatory enforcement
Bridget Shahan - Regulatory Compliance Consultant & Former Chief Compliance Officer of Nicor, Inc.