FERC Regulations: Managing Compliance Through ETRM Technology White Paper

A joint white paper from Allegro and Sierra Energy Group

Abstract

With increasing government regulations and the subsequent pressure to comply, energy companies are dealing with many challenges, including time-consuming, manual, and error-prone business processes in order to meet these requirements. This paper will explore the ever-changing environment energy companies operate within and focus on utilizing technology to manage Federal Energy Regulatory Commission (FERC) regulations for U.S. energy companies who buy and sell natural gas, electricity and crude oil. More and more, these companies are turning to technology to provide transparency into every transaction, manage their risk and avoid penalties. Specifically, Energy Trading and Risk Management (ETRM) solutions can deliver vast benefits to these market participants with accurate, real-time automated reporting capabilities and tools to ensure adequate controls needed to comply with current and future FERC regulations.

About the Author:

Energy industry veteran and former utility CIO Bart Thielbar has joined Sierra Energy Group (SEG), a division of Energy Central. SEG provides IT and Smart Grid research, analysis and consulting services to leading electric and natural gas utilities and vendors to the industry.

Thielbar serves as President of Itility Solutions, LLC, which he founded in early 2009. Itility provides executive advisory and consultative services regarding business process optimization and technology investments, including those related to the Smart Grid. Prior to forming Itility Solutions, LLC Thielbar held various executive level positions, including serving as the Sr. Vice-President and CIO of NorthWestern Energy.

Thielbar also is a former chair of the Edison Electric Institute’s (EEI) and American Gas Association’s (AGA) Technology Advisory Council (TAC). He holds his certified Information Systems Auditor (CISA) designation from the Information Systems Audit and Control Association (ISACA).

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