× PAS 55 SRP and Black & Veatch decided to undertake the review using Publicly Available Specification 55 (PAS 55). PAS 55 provides an essential, objective definition of what is required to demonstrate competence and establish improvement priorities. PAS 55 also makes clearer connections between strategic organizational plans and the actual day-to-day work and asset realities. Effective asset management is all about achieving the appropriate balance between cost, risk and performance. Black & Veatch’s focus was to provide results that could be used to manage SRP transformer-related risks now, as well as providing a road map for asset management process improvement in the future. Black & Veatch’s professionals worked with SRP’s internal team that was reviewing transformer failure from a technical point of view. Together, they developed recommendations that led to the application of best practices as defined by PAS 55. Contact us to learn more about what we can do for you. 0 Related Insights How are the Largest U.S. Cities Managing Rising Costs for Water and Sewer Services? According to respondents in the 2018-2019 50 Largest Cities Water & Wastewater Rate Survey, utilities are modifying how they charge for services to address revenue stability and affordability concerns. With Grid Modernization, Utilities Poised For Most Visible Transformation The annual Strategic Directions Report series offers analysis and insights into key issues and trends facing the smart cities and utilities, electric, natural gas, and water utility sectors. FLNG Solutions Prove To Be Much More Than Potential It was roughly a decade ago when the initial introduction of floating liquefied natural gas (FLNG) solutions sought to help bring uneconomic gas reserves offshore, such as those in remote locations, to the market. Over the past few years, however, we’ve watched as offshore FLNG capabilities have moved closer to the mainland, offering a very flexible and economical solution to operators looking to offload their supply around the world. Four Big Trends in Gas-to-Power Hold Promise for U.S. Market Major energy shifts are afoot, and the United States will play a critical role going forward. The EIA projects that by 2022, the U.S. will become a net energy exporter, according to its newly released Annual Energy Outlook 2018. For natural gas, this shift will happen even earlier, around 2020, the EIA says. Market Strives to Deliver Over Pipeline Challenges As if the persistent low-price environment wasn’t enough, rampant natural gas production in the Appalachian and Permian Basins is ramping up concern that pipeline take-away capacity can’t keep up. This comes as the United States natural gas industry prepares to enter one of its strongest growth periods to date, driven by increasing global demand for low cost natural gas supplies and growing domestic demand for cleaner energy sources. Related Project Stories Lifting the Burdens of Capital Improvement Programs For more than 20 years, Black & Veatch worked with the Winston-Salem/Forsyth County Utility Commission to upgrade its wastewater treatment system on a project-by-project basis. There were many short-term wins, but resilience dated master plan made the long-term a bit less clear. The real win, and biggest cost savings, required a different approach. Customer Engagement Leads to Safer Natural Gas Operations for Community Baltimore Gas and Electric (BGE) is serious about their commitment to safe and reliable operations. To bolster their residential natural gas meter protection efforts, BGE partnered with Black & Veatch on an integrated plan to relocate and safeguard meters for more than 16,000 natural gas customers in the Baltimore, Maryland, region. Black & Veatch Supports the Ratemaking and Regulatory Activities of its Utility Clients Canadian utility group Fortis Inc. owns a number of gas and electric utilities across North America. Two of these utilities faced ratemaking challenges that were impacting the level of rates paid by certain customers and the utilities’ future financial health. Approach to Mitigating Risk of Transformer Failure Improves Asset Management In 2011, a critical power transformer unexpectedly failed at one of Salt River Project’s (SRP) vital receiving stations, resulting in a large-scale outage. Black & Veatch Helps Client Achieve Certification for Asset Management in Accordance with PAS 55 With PAS 55 certification, water companies can demonstrate to customers, regulators and other stakeholders that they have effective asset management policies functioning throughout the business.