Utilities, pipelines and transmission companies are responsible for the movement of electricity, natural gas, crude oil, petroleum products and water from their sources to customers around the world. These capital-intensive companies are tasked with providing services to their customers at low cost, while maintaining near perfect records for reliability. In today’s world, they have the added complexity of more consumers also being producers.
Regardless of the sector, utilities often face a common set of risks. Today’s companies must manage and preserve the strength of their balance sheets and credit profiles, the economical supply of commodities and the ongoing compliance with Code of Conduct and other regulatory requirements. Operational efficiencies must also be realized in systems, organizations and business processes to help manage ratepayer costs and preserve future earnings. Common risks these organizations tend to face include environmental health and safety, facility maintenance, capital project management and business continuity. Typically, these organizations are only visible to the public when a crisis occurs such as an accident, a storm or some other type of service disruption. At that point, reinstating service becomes the most important and immediate issue for the community.
Protiviti’s experienced professionals help utility, pipeline and transmission companies identify, measure and manage their regulatory, financial, operational, and technology-related risks. Our energy professionals possess finance, technology, accounting and engineering backgrounds, and a wide range of industry experiences. We bring this expertise to your organization through unmatched collaborating, creating custom solutions that fit you and help you to face the future with confidence.