SERC’s Risk Assessment and Mitigation (RAM) staff engages with registered entities to promote and improve the reliability, adequacy, and critical infrastructure of the bulk power system (BPS) by bridging the gaps between reliability and compliance through effective application of compliance tools and processes. If an issue of noncompliance is identified, RAM staff assesses the scope of the noncompliance, cause of the noncompliance, and the risk imposed to the BPS.
RAM conducts Inherent Risk Assessments (IRAs) and performance assessments to identify the highest risk areas for each entity. This risk assessment and the associated monitoring strategy is communicated to the entity through the Compliance Oversight Plan (COP). Additional information related to Risk-based Monitoring, including the IRA and COP, is available on the Risk-based Compliance Monitoring and Enforcement Program page.
In 2014, the ERO Enterprise initiated the process of developing a comprehensive Coordinated Oversight Program (Program). The Program is designed to streamline risk assessment, compliance monitoring and enforcement, and event analysis activities for the registered entities that use, own, or operate assets in areas covering more than one Regional Entity’s territory. Additional information is available on the
Coordinated Oversight (MRRE) page.