Utilities are at the convergence of the technology revolution and evolving distributed asset and business processes. When combined with persistent challenges associated with aging infrastructure, an aging workforce and increasing regulatory requirements, today’s utility leaders must identify how to maintain organizational stability, reliability and financial performance.
Strategic, Holistic, Compliant, Measured and Effective
Holistic enterprise asset management capabilities enable clients to align their people, processes and technologies around strategic objectives and performance outcomes. The benefits are significant and include reduced costs and risk, as well as enhanced customer service and satisfaction, among others.
Black & Veatch asset management capabilities span from single asset evaluation to enterprise optimization and efficiency, combining technical solutions with industry organizational best practices.
Specific services include:
ISO55000 assessment and implementation.
Enterprise Asset Management system implementation or optimization.
Lean Reliability Centered Maintenance (RCM) programs and training.
Condition-based predictive maintenance program design and implementation.
World-Class Asset Management Solutions for Utilities
Asset management enables utility leaders to understand and apprehend the value of assets in the achievement of their organizational objectives in a manner that balances financial, environmental and social costs, risk, quality of service and performance related to assets.
Salt River Transformer Asset Management Project
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. An analysis determined the cause to be related to a bushing failure. Further analysis of historical outage data indicated that a significant proportion of SRP’s critical power transformer failures – particularly at high voltage levels – were due to bushing failures. Therefore, SRP commissioned Black & Veatch to review the way SRP manages its 230 kilovolt (kV) and 500 kV transformer fleet. The review was to consider the complete asset life cycle, examining how SRP engineers design, install, maintain and manage these critical assets that contribute to overall system performance.Learn More
PAS 55 Certification Pre-Audit
South East Water is the first water supply company in England to have achieved external certification for asset management in accordance with the British Standards Institute, Publicly Available Specification 55 (BSI PAS 55-1:2008). Commonly referred to as PAS 55, the specification is produced by the Institute of Asset Management (IAM) and recognized as a benchmark for how physical assets and infrastructure are best managed. 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. That’s why Black & Veatch was chosen to help South East Water set up an asset management system and attain the certification. As an IAM-endorsed assessor for PAS 55, Black & Veatch is engaged in helping South East Water retain its external certification to the specification and further enhance its asset management performance.Learn More
Capital Improvement Plan (CIP) Prioritization
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.
Butler Water Reclamation Facility
With a total project cost of almost $135 million, the Butler Drive Water Reclamation Facility incorporates advanced membrane bioreactor technology in its design. This facility allows the city to reclaim its wastewater as a renewable water supply via aquifer recharge or direct reuse. This helps to secure future water resources needed for city growth. Sustainability was the driving factor for the facility – the largest capital improvement initiative in Peoria’s history. The city evaluated its options for long-term wastewater treatment in combination with its need for sustainable water planning. Water is a precious resource, especially in Arizona. Therefore, the city concluded that building its own wastewater treatment facility to retain water credits was necessary to sustain the city’s economic development.Learn More
Institute of Asset Management
Black & Veatch is a corporate member of the Institute of Asset Management (IAM), and is an IAM-Endorsed Assessor for PAS 55 and ISO55000, the internationally recognized standards for asset management.
As an IAM-Endorsed Assessor, our clients get the benefit of advisors who use proven methods, industry best practices and advanced analytical models to help clients optimize performance. We offer a broad range of asset management services, and maintain a sharp focus on measurable results.
Water Finance & Management:
How Not to Get Caught with Your Valves - or Any Other Part of Your System - Down
Good design, construction and asset management practices can extend the life and increase efficiency of assets, says Bethany McDonald, condition assessment business leader for Black & Veatch. She explains how considering entire systems and staying on top of weaknesses makes utilities less likely to get caught with their valves – or any other critical system components – down in this Water Finance & Management commentary.