Utilities & Energy

Management of utilities and energy companies has become a far more complex undertaking in the past few years - and the outlook indicates even more complexity and sophistication will be required in this next decade, if one considers tip of the iceberg factors such as environmental impacts, nuclear and clean energy, complex build projects with restricted access to capital, as well as regulatory challenges.

Some of the biggest challenges faced today include:

• Environmental, Health & Safety Hazard and Risk Management
• Access to energy resources
• Access to capital, liquidity and credit
• Water scarcity, and volatile commodity prices
• Access to new reserves
• Maintenance of aging infrastructure
• Increased regulatory pressures such as compliance, social responsibility, mining rights, clean air and water regulations, and more

It is in this environment that the risk and compliance officers need to operate effectively and efficiently.  The challenges posed lead the risk and compliance function to require solutions that will:

• Meet regulatory requirements within cost and time constraints such as Energy Acts, Water Acts, FERC/NERC, Clean Air Acts, Labour regulations and more.
• Obtain a complete enterprise and accurate view of risk
• Obtain a single integrated view of risk and compliance across the organization
• Linkage of risk, root cause analysis, events, hazards and other elements of the GRC universe
• Accurate modeling and management of capital projects and investment governance 
• Containment of internal fraud

In order to meet these challenges, Cura's Enterprise GRC Platform has been developed to assist customers achieve their strategic objectives and maintain advantage in this highly regulated environment.  Cura's proven success in the sector is evident from its long list of customers that include ConEdison, BG Group plc, Eskom, TRUEnergy, Hydro Tasmania, ETSA utilities, Horizon Power, Western Power, Queensland Gas, BHP Billiton plc, Singapore Power - Ausnet, Water Corporation Australia, and Oil Search.

Cura has an industry leadership practice in the Utility and Energy domain and has a specific partnership with Deloitte in North America pursuing energy and utility companies. Deloitte provides significant IP in the area of FERC and NERC content, as well as other best practice.

Cura solutions will assist your organization in:

• ERM Best Practice - Easy to use risk management information system that deals with identification, analysis, ongoing management and treatment of risks, RCSA's, full alignment with ISO 31000, and integration with quantitative, project management and BowTie analysis.

• Centralized Information Store - for all risk and compliance related corporate information.

• Advanced Reporting - covering reports and dashboards that range from local stakeholder related data right through to advanced aggregation, audit committee, risk committee and ultimately board reporting needs.

• Quantitative Modeling and Analysis - providing key capabilities around modeling of capital investments, project risk management, investment analysis as well as what if's and scenario analysis.

• HS&E - Health, Safety and Environment are key aspects that are driven by regulatory pressures. Using Cura features that enable easy capture, recording, investigation and audits of the HS&E issues that arise, the organization will benefit from the lessons learned and reduce overall risk and cost.

• Audit management - Using Cura's Audit Module, the diverse aspects of all audit needs are catered for.  Whether it is revenue related, process, health & safety or IT related, Cura Audit's ability to deal with disparate audit requirements and consolidate results brings efficiencies in time and cost.

Related Information: 

• Data Sheets
• Case Studies
• White Papers

To find out more about Cura's capabilities in this sector, please contact us .