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Managing the Increasing Risk of Power Supply Disruptions <br /> Reliable electric and gas service has never characteristics of key components of electric delivery <br /> been more vital to society. In the digital age, infrastructure such as transformers, substations and <br /> reliable electricity is a necessity that we take distribution lines. "A number of leading delivery <br /> companies are leveraging advanced data management <br /> for granted. We live in a largely cash free and analytic capabilities to understand the performance <br /> society that relies on electronic everything to risk associated with some of its key delivery assets. <br /> function. Much of our population has located This is leading to enhanced asset management practices, <br /> in harsh winter and summer climates because capital allocation methodologies, and preventative <br /> utilities have provided relatively inexpensive maintenance plans," said Hiran Bhadra, Advisory <br /> and reliable energy service for decades. principal KPMG LLP (U.S.). "They believe that this will <br /> lead to longer lived assets, fewer outages, faster <br /> While there are a myriad of issues and recoveries, and more reliability." <br /> challenges facing the industry, at the end of <br /> The more advanced companies have invested appropri- <br /> the day, utilities must maintain a core focus of ately in making their delivery systems more resilient. The <br /> reliable delivery of energy to customers. This rationale behind these initiatives is that there are going to <br /> core business function faces mounting risks be security breaches or faults that are going to impact the <br /> due to a number of factors including: ability of the delivery system to operate normally. Having <br /> Er buiAging and obsolete infrastructure requiring <br /> lt-in, preventive countermeasures that makes the <br /> massive investment system self-healing is one aspect of mitigating this risk. <br /> lirStorms and other significant incidents on the system <br /> and increasing expectations from customers regarding <br /> real-time communications in the event of an incident <br /> Increasing threats from physical <br /> and cyber attacks. <br /> y <br /> Aging Infrastructure and Asset ` r � <br /> Management Planning :f <br /> "While you can't control the weather, there are things <br /> you can control to proactively manage interruption to • <br /> supply" said Tate Anderson, Advisory partner, KPMG LLP <br /> (U.S.). "Part of risk management is developing data driven <br /> insights on identifying risks to the electricity network and <br /> I <br /> taking proactive measures through asset maintenance and •- Aging Infrastructure <br /> planning the right capital projects at the right time." Number of significant power outages in the United <br /> Incorporate a heightened risk view into capital allocation States has increased over 300 percent since 2007 <br /> and key operational practices, and you will be able to be 11 Hil I Weather <br /> much smarter in the deployment of your capital and <br /> maintenance dollars. For example, recent investments in Total economic losses related to 296 natural <br /> smart technologies have led to an exponential increase disaster events reached$192 billion in 2013 <br /> in data that is available relating to the performance <br /> KPMG Managing the Increasing Risk of Power Supply Disruptions 18 <br /> 116 <br />