News Release: November 20, 2014
FERC Accepts NERCís Five-Year Performance Assessment
The Federal Energy Regulatory Commission (FERC) today accepted the second Performance Assessment of the North American Electric Reliability Corporation (NERC), finding that NERC continues to satisfy the statutory and regulatory criteria for certification as the nation's Electric Reliability Organization (ERO).
The Performance Assessment highlights NERCís ability to develop and enforce Reliability Standards, and discusses how NERC is improving the performance of, and mitigating risks to, the Bulk-Power System as related to avoidable outages. Additionally, the Performance Assessment explains how NERCís compliance monitoring and enforcement efforts have matured over the past five years to provide industry with greater certainty on actions, outcomes, and reliability consequences.
While accepting the Performance Assessment, FERC also directed NERC to take certain actions to improve NERCís effectiveness as the ERO by, among other things, continuing to improve consistency and develop performance and reliability metrics in order to track NERCís operations going forward.
ďThis order reflects the Commissionís continued confidence in the work of NERC and the Regional Entities (REs) in strengthening the reliability of the Bulk-Power System,Ē FERC Chairman Cheryl LaFleur said. ďAt the same time, it appropriately challenges NERC and the regional entities to further strengthen their efforts.Ē
FERC certified NERC as the ERO on July 20, 2006, and NERC filed its initial Performance Assessment in 2009, on the three-year anniversary of its certification.