NERC and FERC have released their final report on Winter Storm Elliott which provides reinforcement for recommendations in prior cold weather-related disturbance event reports. The Report identifies critical reliability performance shortcomings and the reliability related near misses. NERC states that a crisis was “narrowly dodged.” The Report outlines the steps the industry must take to avoid a repeat in the future.
There are many far reaching, detailed recommendations in the Report for Regulatory Authorities, Owners and Operators of Electric Systems, Gas Systems and electricity Generators. The report contains a recommendation to establish a regulatory framework for reliability rules applicable to gas systems.
To address the reliability risks outlined in the Elliott Report, NERC released the results of its first issued Level 3 Essential Actions Alert for Cold Weather Preparations for Extreme Weather Events. The results of the Alert are provided to industry to inform and support cold weather state of readiness of the Generator Operators (GO), Transmission Operators (TOP), Balancing Authorities (BA), and Reliability Coordinators (RC). The purpose of this release is to help the industry enhance its plans for, and make accelerated progress toward, mitigating electric system reliability risk for Winter 2023-2024 and beyond.
To stay ahead of reliability risk issues and any additional FERC mandated compliance obligations, TRC recommends that your company reviews the Elliott Report and the Level 3 Alert Report to assess the implications of the recommendations for your respective company and its functions in the power system.
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TRC closely follows the national, provincial, and state regulatory trends in all regions of North America. Our approach to power system security, engineering, planning, design, construction and commissioning testing, balances solutions that incorporate industry reliability risk trends, mandatory reliability standard requirements, regulatory guidance, compliance obligations, best practices, operational goals, and budgets. With expertise in power system planning, engineering, and operations, TRC supports public utilities and private energy providers in their efforts to stay ahead of the regulatory curve and to meet or exceed regulatory requirements as they evolve.
This regulatory update is provided as a service to TRC’s utility clients, helping to keep you informed of forward-looking issues that will impact your company’s electric system reliability risks along with related topics regarding regulatory developments, to help you achieve your company’s business goals.