Reliability Assurance Initiative (RAI) Progress Report

Transcription

1 Reliability Assurance Initiative (RAI) Progress Report Adina Mineo, Senior Compliance Operations Auditor FRCC Spring Compliance Workshop April 8-10, 2014

2 Project Progress Report Auditor Handbook Handbook and training provided to auditors at March workshop. Handbook on track for publication during April. Single Program Design (Prototypes and Pilot Programs) A single program design has been presented for evaluation. The Evaluation team is currently reviewing design elements for final selection. Improvements to Self-Reporting User guide to support improved self reporting process completed in December Request for broader industry review in January FFT Enhancements Triage process implemented across ERO by January 1, 2014 to expedite disposition of minimal risk issues. Enforcement pilots to test aggregation and exercise of enforcement discretion under way. 2

3 2014 Timeline for Single Compliance Approach April May June July Aug Sep Oct Nov Dec April Present recommended common compliance design to ERO executive management. May Provide update to BOTCC on common compliance approach. October Finalized compliance audit design approved for training and deployment in Key Outputs Defined risk approach that supports two way discussion Evaluation criteria results in appropriately scoped audits based on an entities size and risk Control evaluation is clearly defined and understood 3

4 Compliance Project Update What has been done All regional pilots have been completed and documented A single recommended compliance design has been presented for evaluation What is currently being done Single recommended compliance design is being evaluated Processes are being developed and modified in response to evaluation team requests ERO enterprise compliance staff is being evaluated for necessary competencies and capabilities What will be done Common compliance approach will be endorsed by ERO executive management Capability and competency gaps will be bridged Enforcement and Compliance design will be integrated 4

5 Integrated RAI Timeline 5

6 Key Areas of Focus for 2014 RAI Key Program Elements (based on Evaluation Criteria) Risk Assessment o The Regional Entity will develop a transparent but customized compliance profile based the Registered Entity s impact to the Grid. o The Risk Assessment will be shared with the Registered Entity so that they understand how they will be monitored as part of the compliance profile. Internal Controls Reliance o The Registered Entity will develop internal control practices that will be provided and reviewed by the Regional Entity. o The Regional Entity will evaluate the level of the entities internal control program to tailor compliance activities in conjunction with the Risk Assessment Aggregation of Non-Compliance o Based on the level of controls reliance and the Risk Assessment, Registered Entities will be able to participate in the aggregation of non-compliance processes. o Moderate and serious risk non-compliance shall require self-reporting 6

7 Please send any questions or comments to: 7