Enterprise risk management: Increasing the value of power and utility ERM programs

June 2012
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Enterprise risk management: Increasing the value of power and utility ERM programs

At a glance

Power and utility companies have implemented Enterprise Risk Management (ERM) programs to track and mitigate risk. ERM programs can improve operational efficiency, increase financial gains, and achieve competitive advantage.

To increase awareness of risk events and evaluate whether risk prevention, mitigation, and response plans are effective, many companies have implemented an Enterprise Risk Management (ERM) program.

When effectively designed and deployed, an ERM program can enable a utility to realize operational efficiencies, reap financial gains, and achieve lasting competitive advantages.