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FERC Issues Order Approving NERC’s Risk-Based Approach to Compliance Monitoring

On February 19, 2015, in Docket No. RR15-2, the Commission issued an order approving NERC’s proposed Reliability Assurance Initiative, which adopts a risk-based approach to NERC’s monitoring of compliance with reliability standards. In its order approving the Reliability Assurance Initiative, the Commission imposed certain conditions on NERC’s implementation of the risk-based approach and directed NERC to file revisions to its Rules of Procedure within 90 days and submit an annual report to the Commission.

To view the Commission’s order, click here.