In this blog series, we’re examining how an automated approach to operations and planning processes can help organizations improve compliance and streamline processes across the organization to add more business value. Today we’ll look at facility ratings management, specifically FAC-008.
NERC’s FAC-008 requires that utilities define and maintain a Facility Ratings methodology, apply that methodology to its solely and jointly-owned BES Facilities, and communicate those Facility Ratings to impacted parties. It can be challenging to comply with the FAC-008 standard because related work is often distributed and shared across various business groups and information is maintained in a whole host of applications and spreadsheets. In addition, because of the large number of components that comprise a Facility, there is serious potential for calculation errors.