GRC software makes inroads in US utility sector

Grid reliability and cybersecurity rules generate interest

US power

Like many major power companies across the US, Minnesota-based Xcel Energy has an enterprise risk management (ERM) programme designed to keep senior management abreast of potential threats to the firm. Such potential threats include accidents at Xcel's 77 power plants, failures to comply with rules issued by the US Federal Energy Regulatory Commission (Ferc) or errors in financial accounting. But until recently, the ERM process at Xcel was a bit of a hodgepodge. Roughly 30 major departments a