We have voiced to utilities that implementation and/or replacement of energy devices onto residential, commercial and industrial buildings and households should seek to have the customer expecting month-by-month a reduction in energy consumption and billing.

We advocate a best-practice whereby:

Utility companies partner with companies performing energy facility assessments and / or Energy Consumers are provided federal, state or local grants to engage in third-party providers of renewable products/services. The energy audit consists of reviewing the building shell, lighting, air conditioning, heating and other equipment.

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Tags: GRC, Utilities, Regulatory, Energy, Smart Meter, Asset Management, Continuous Control Monitoring

While participating in smart meter / smart grid programs, we have seen cash flow optimization by improving revenue realization and reducing costs for the utilities by:

Implementing a full function metering solution for residential, commercial and industrial customers. Implementing the wireless communication network that provides the means to collect meter reading data and manage meter assets. Implementing the switch that will enable all connect, disconnect, and remote reconnect processes to be completed remotely

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Tags: MDMS, M2C, Utilities, Smart Grid, CCM, risk assessment, GRC, Energy

All companies know they should abstain from bad business practices, protect their business assets, minimize their risk and make as much money as they can. Most businesses that have a penchant for losing money and a knack for failing to meet their company goals know they should make certain changes to their business plans to improve their bottom line. Yet, I believe far fewer actually do so. So how can CIOs motivate and educate their colleagues to follow through in choosing the behaviors and techniques that help build and promote healthy companies? Let’s take a look at three elements that have a huge impact on the safety, health, profitability and longevity of every company.

Tags: GRC, IT GRC, risk assessment, ISO38500, COBIT

Using NISTIR 7628 and NISTIR 7756

Tags: Energy, CCM, Continuous Control Monitoring, real-time, IT GRC, eGRC, GRC, risk assessment, NISTIR 7628, NISTIR 7756, Smart Grid