Document Library

Risk Based Compliance Implementations

No matter the regulatory environment, Picarro’s natural gas asset management solution enables natural gas distribution compliance that can be truly risk-based in its approach. A recent trend within the natural gas industry has been to increasingly take a risk-based approach to asset management, in this case, shifting schedules from periodic to being more driven by the particular risk profile of the infrastructure in a given localized area. Here, we consider two slightly different approaches implemented at two different US utilities – each approach having been developed by each utility under different state regulators and with different financial considerations. Both of these approaches can drive more risk out of the infrastructure, faster, without increasing compliance or repair costs.