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The original NERC was formed on June 1, 1968, by the electric utility industry to promote the reliability and adequacy of bulk power transmission in the electric utility systems of North America. NERC's mission states that it "is to assure the effective and efficient reduction of risks to the reliability and security of the grid". [4]
A capital improvement plan (CIP), or capital improvement program, is a short-range plan, usually four to ten years, that identifies capital projects and equipment purchases, provides a planning schedule and identifies options for financing the plan.
CIP's is importance is the link between risk management and infrastructure assurance. It provides the capability needed to eliminate potential vulnerabilities in the critical infrastructure. CIP practitioners determine vulnerabilities and analyze alternatives to prepare for incidents.
The plan–do–check–act cycle is an example of a continual improvement process. The PDCA (plan, do, check, act) or (plan, do, check, adjust) cycle supports continuous improvement and kaizen. It provides a process for improvement which can be used since the early design (planning) stage of any process, system, product or service.
Six NERC Regional Entities in 2021. ReliabilityFirst (RF) is one of the six Federal Energy Regulatory Commission (Commission)-approved regional entities responsible for ensuring the reliability of the North American Bulk-Power System, pursuant to the Energy Policy Act of 2005. [1]
NERC may refer to: Natural Environment Research Council; Nashville & Eastern Railroad Corporation; North American Electric Reliability Corporation;
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