FERC-Compliant Transmission Asset Inventory
Complete field verification and asset inventory for a regional electric utility covering 15,000+ transmission assets across multiple states, achieving full FERC compliance and regulatory reporting accuracy.
The Challenge
A regional electric utility faced significant challenges in maintaining accurate transmission asset records for FERC compliance. Their existing asset register contained outdated information, incomplete records, and lacked the component-level detail required for regulatory reporting.
FERC Compliance Gaps
Asset records did not meet FERC Form 1 reporting requirements, creating regulatory risk and potential penalties.
Outdated Records
Asset register contained information from multiple legacy systems with inconsistent data quality and missing field verification.
Multi-State Territory
Transmission assets spread across multiple states required coordinated field teams and complex logistics planning.
Our Solution
We deployed specialized field teams to conduct comprehensive physical verification of all transmission assets, implementing a systematic approach to achieve FERC compliance.
Comprehensive Field Verification
Deployed experienced field teams to physically verify every transmission structure, conductor, transformer, and substation component across the utility's service territory. Captured GPS coordinates, condition assessments, and detailed technical specifications.
Asset Tagging & Identification
Implemented a comprehensive asset tagging program using durable, weather-resistant tags designed for outdoor transmission infrastructure. Established unique asset identifiers linked to GIS coordinates and FERC account classifications.
Asset Componentization
Broke down complex transmission structures into component-level detail required for FERC reporting. Classified assets by FERC account codes, established parent-child relationships, and documented installation dates and costs.
GIS Integration
Integrated all verified asset data with the utility's GIS platform, enabling spatial analysis, maintenance planning, and regulatory reporting. Created digital twin of transmission network with complete attribute data.
Results & Impact
The project delivered a complete, FERC-compliant asset register that transformed the utility's regulatory reporting capabilities and asset management practices.
Key Outcomes
Achieved full FERC Form 1 compliance with accurate, component-level asset data
Identified $8.2M in previously unrecorded transmission assets
Established GIS-integrated asset register for improved maintenance planning
Reduced regulatory reporting time by 60% through automated data extraction
Created foundation for predictive maintenance and capital planning programs
Improved asset data quality from 62% to 98% accuracy
Need FERC-Compliant Asset Inventory Services?
Our specialized team has extensive experience with transmission asset verification and regulatory compliance for electric utilities.