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How Utilities Get the Most Bang for the Buck in Reducing Risks

Max Henrion, PhD, CEO of Lumina and Sam Savage, PhD, Executive Director of ProbabilityManagement.org will explain the Risk Spend Efficiency (RSE) framework, how California utilities have been using it, and illustrate RSE with ANAGRAM (Analytica for Natural Gas Risk Analysis and Management).

Some California utilities have been in the headlines for all the wrong reasons – including the 2010 San Bruno gas pipeline explosion that killed 8 people, the 2018 Camp Fire that destroyed the town of Paradise and killed 85, and the 2021 Dominion Pipeline ransomware cyberattack that cut gasoline to the US Northeast. The California Public Utilities Commission requires utilities to quantify risks and use risk-spend efficiency (RSE) to prioritize mitigations based on how much risk they reduce per dollar invested. In this webinar you will see how California utilities use this framework and illustrate the approach with ANAGRAM - an Analytica tool that lets gas utilities use RSE to plan their integrity management projects.

Max and Sam have been collaborating on the development of ANAGRAM for a major California utility. They both advise the California Public Utility Commission on the Risk Decision Framework used by California electric and gas utilities.

For more, join this webinar!

Aug 17, 2022 11:00 AM in Pacific Time (US and Canada)