04/16/2021 | Press release | Distributed by Public on 04/16/2021 09:38
On April 16, 2021, the Board of Directors approved the ReliabilityFirst Corporation's 2022 Business Plan and Budget, Draft, Version 1, for publication for 30 day industry comment and release to NERC.
Annually, the Regions are required to develop their Business Plan and Budget (BP&B) for the following year to provide adequate time for the Regional Boards, the NERC Board, and FERC to each approve the documents in succession. NERC and the Regions developed a set of strategic and operating objectives in order to develop their individual BP&B with a common foundation. These strategic and operating objectives are set forth in the ERO Enterprise Long Term Strategy. Any unique objectives that apply only to ReliabilityFirst are expressly noted in the BP&B. In developing the 2022 BP&B, management considered the common assumptions, conducted manpower analyses, considered efficiency gains attributable to new processes and maturing systems, and examined projected future workloads.
Highlights of the proposed 2022 BP&B (compared to the 2021 BP&B) are as follows:
Please review the 2022 BP&B and provide any comments to [email protected].