Definition Sheet (PDF)
Overview
AMIG

The hot topic in industry is Asset Management: making the right asset investments to achieve strategic objectives while balancing costs, opportunities and risks.  Public regulatory bodies consistently press utilities to demonstrate a defensible, coordinated approach to justify capital and operating expenditures.  The long lifetime of hydro-electric assets coupled with significant risks such as revenue variation and asset deterioration throughout this long lifetime reinforce the need for an overall management system for these assets. The hydro-electric industry is thus poised to benefit from the implementation of Asset Management practices.

The Generation Asset Management Interest Group (AMIG) will provide real life examples and direction to implement Asset Management in hydro-electric utilities.  AMIG will build upon the work completed by the Asset Management Task Force, which was initiated as part of the Hydraulic Plant Life Interest Group in 2011.  The group will cover all aspects of Asset Management, from development of policies and strategies, to risk frameworks, asset management plans, and investment management to achieve strategic objectives.  The group will consider inputs from all Asset Management standards and the diverse experience of international members to move asset management forward for all members. Topics and projects will be user driven to provide value to members at all levels of Asset Management maturity.

CEATI recognizes that the higher-level Asset Management processes are universal for all aspects of a utility, and AMIG will work with the CEATI Transmission and Distribution groups on these shared aspects.  This will bring the added value of continuity of process and a larger member pool for vertically integrated utilities, while maintaining agility for hydro-generation specific topics.

As a new interest group, following are some of the initial topics which will be addressed by members or projects based on member priorities.

Context of the Organization

  • What are your drivers in creating an AM program?
  • Is ISO 55000 being implemented within your company?

 Leadership

  • At what level of the organization is the AM policy issued?
  • Where is the AM group located within your organization?

 Planning

  • What does your AM framework look like? Are you using a standard (e.g. PAS55, ISO55000, IAM. IIMM)?
  • How is risk identified, managed and prioritized across the entire portfolio of assets?
  • Do you have standard whole life cost models?
  • How are the requirements from Safety, Dam Safety and Environment integrated into AM? 

  Support

  • Generation specific AM information systems.  Which systems are necessary?
  • How does your utility ensure adequate resources for AM objectives and activities, especially with the mix of operating and capital work?

 Operations

  • How is operations planning integrated into AM?
  • Is centralized outage management part of generation AM?

 Performance Evaluation

  • Do you have KPIs for AM? What are they? How do you use them? Are they useful?

 Improvement

  • Do you have best practices to share concerning building an asset management culture across an entire company? 
Program Services
  • Networking & Information Sharing

    • Annual face-to-face Business Meetings with webinar call-in options
    • 4-5 conference calls and learning webinars
    • Access to a network of ~1,000 electrical utility peers from around the world
  • Industry Benchmarking

    • Requests for Information where your questions or concerns are circulated to other group
      participants with rapid-fire response rates
    • Internal benchmarking surveys for state-of-the-industry intelligence
  • Collaborative Technical Projects

    • The flexibility to support only those projects which are relevant to your organization, meaning you know exactly, where your research dollars are going
    • Supported by CEATI management, participating utilities and consultants work together across all phases of a project’s life-cycle, ensuring your organization receives practical, high-quality deliverables
  • Unparalleled Return on Investment

    • Ability to split project funding costs with other organizations, resulting in highly-leveraged funding opportunities
    • Reduced pricing on published reports, training courses, and industry-open conferences
Project Portfolio
Webinars

Webinar Library

Best Practices Concerning Building an Asset Management Culture Across an Entire Company
Available to Utilities Only   Get Access
November 2018
Do you have a distinct asset management policy/strategy for generation assets?
Available to Utilities Only   Get Access
August 2018
How to Engage the Executives in Asset Management
Available to Utilities Only   Get Access
July 2018
Performing a Failure Mode, Effects and Criticality Analysis (FMECA)
Available to Utilities Only   Get Access
April 2017
KPI Depiction for Asset Management Capability and Asset Strategy
Available to Utilities Only   Get Access
March 2017
Asset Management Strategy Development
Available to Utilities Only   Get Access
July 2016
How to Start out on your Journey to Excellence
Available to Utilities Only   Get Access
August 2015
Upcoming Events
News