Measuring the success of asset management plans is typically done by reporting against a set of key performance indicators (KPIs). Over the years, T&D electric utilities have developed numerous KPIs of varying usefulness. This project first collected industry-standard T&D KPIs. These were augmented with contributions and input from CEATI member utilities to create an initial library of customized KPIs that can be used by electric T&D utilities as a resource for tracking and measuring the performance of their assets and improving their asset management practices.

Asset management is a rigorous process for extracting the maximum value from assets over their lifespan. Strategic asset management is seen as the role of enterprise top managers in promoting, guiding, and controlling the complete asset management process. This report presents guidance in top-level, long-term management action. The study distills information from many sources to collect this guidance, including electric utility programs, industry (both electric specific and generic) guidance on strategic asset management, and programs in industries similar to electric power (industries with substantial fleets of equivalent assets spread over a large geographic area).

As utilities mature and improve their asset management (AM) practices, risk management becomes essential to the broader AM strategy. Ultimately, enterprise risk management (ERM) implementation, details, and quality vary between utilities. This research initiative aimed to identify and develop best practices for ERM implementation that can foster innovation and increase the industry’s level of understanding to achieve ERM benchmarking and comparison. Through teleconference sessions held with CEATI member utilities, participants were able to compare and contrast their ERM implementations with other member utilities and industry best practices to identify opportunities for continuous improvement. Research results, conclusions, and recommendations were integrated into a final report.

This document presents a maturity scale and roadmap to excellence in asset investment optimization. The maturity scale describes a series of defined states of asset investment planning using a five-point scale ranging from “unaware” to “excellent.” The roadmap includes case studies and provides a framework by which asset managers can ensure they have an appropriate methodology in place to quantify the impact of an investment plan and ultimately select a plan that best supports the delivery of the organization’s objectives.

This report establishes a common framework for the development of asset management KPIs for electricity generation, transmission, and distribution assets. The resulting framework and list of KPIs were developed based on the ISO 5500X series of standards and guidance from the Institute of Asset Management. The KPI framework and KPI guidelines can be applied by an organization throughout its asset management evolution, whether to aid in the development of its own framework or to benchmark against industry peers.