Every year, utility leaders across the country must answer difficult questions regarding where to spend capital and maintenance budgets. Few have the luxury of a fully funded capital and maintenance program that covers all areas of need. In Tulsa, Oklahoma, the Tulsa Metropolitan Utility Authority (TMUA) is using advanced analytics and improved collaboration to make more informed investment decisions to the benefit of its customers and overcome these challenges.
“Every utility leader must make hard choices when developing annual budgets and programs. Most have a general idea of what programs can be pushed back, but we don’t always have a clear picture of how deferred projects or programs affect our overall risk levels. This process quantifies risk and enables us to prioritize based on our risk tolerances, budget and available resources.”
Joan Arthur, Asset Manager for TMUA