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IESO, one of the Independent System Operators in North America, Selects MetricStream GRC for Monitoring Compliance to Electric Reliability Standards
Date:3/18/2010

ion routing, review and approval workflows, collaboration tools, task management, alerts, notifications and reporting for various functions such as recording reliability standards, assigning owners, informing regulatory stakeholders, conducting gap analysis, updating policies, developing compliance certification reports, gathering compliance information and evidence, assessing compliance, reporting compliance status and non-compliance, applying sanctions, coordinating corrective measures and implementing mitigation plans.

MetricStream provides the most comprehensive suite of policy, compliance, risk and audit management solutions for energy companies and utilities. The solution ships with embedded content and best practices to support requirements and programs such as NERC standards, reliability assessments and audits, enterprise risk management (ERM), quality and safety regulations and incident and investigation management. For instance, MetricStream solution ships with embedded content for NERC standards and requirements with capabilities to conduct assessments at all information layers that may be rolled up and monitored at all authorization levels.

“Reliability compliance is a critical program for us. We must report on over a thousand standards and requirements for the large number participants in our energy market,” said Dan Rochester, Manager, Reliability Standards and Assessments at the IESO. “By using MetricStream we will be able to enhance our compliance efforts. We selected MetricStream because it was user friendly, secure and will integrate easily with our existing systems.”

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