Risk-based Asset Management for the Natural Gas Industry

Utility leaders face a difficult general rate increase environment while existing assets age and workforce experience is lost to attrition. The solution is to develop and employ a risk-informed asset management system that links specific asset control strategies and programs to capital and O&M budget requirements and improves the organization’s asset management capabilities.

Companies that have successfully developed strong asset and risk management capabilities have experienced improved customer satisfaction, improved returns on invested capital, and reduced risk profiles. This whitepaper explains the steps to developing these important capabilities.