Title: Creating New Incentives for Risk Identification and Insurance Process for the Electric Utility Industry (initial award through Award Modification 2); Energy & Risk Transfer Assessment (Award Modifications 3 - 6)

Abstract

This is the final report for the DOE-NETL grant entitled 'Creating New Incentives for Risk Identification & Insurance Processes for the Electric Utility Industry' and later, 'Energy & Risk Transfer Assessment'. It reflects work done on projects from 15 August 2004 to 29 February 2008. Projects were on a variety of topics, including commercial insurance for electrical utilities, the Electrical Reliability Organization, cost recovery by Gulf State electrical utilities after major hurricanes, and review of state energy emergency plans. This Final Technical Report documents and summarizes all work performed during the award period, which in this case is from 15 August 2004 (date of notification of original award) through 29 February 2008. This report presents this information in a comprehensive, integrated fashion that clearly shows a logical and synergistic research trajectory, and is augmented with findings and conclusions drawn from the research as a whole. Four major research projects were undertaken and completed during the 42 month period of activities conducted and funded by the award; these are: (1) Creating New Incentives for Risk Identification and Insurance Process for the Electric Utility Industry (also referred to as the 'commercial insurance' research). Three major deliverables were produced: a pre-conference white paper,more » a two-day facilitated stakeholders workshop conducted at George Mason University, and a post-workshop report with findings and recommendations. All deliverables from this work are published on the CIP website at http://cipp.gmu.edu/projects/DoE-NETL-2005.php. (2) The New Electric Reliability Organization (ERO): an examination of critical issues associated with governance, standards development and implementation, and jurisdiction (also referred to as the 'ERO study'). Four major deliverables were produced: a series of preliminary memoranda for the staff of the Office of Electricity Delivery and Energy Reliability ('OE'), an ERO interview protocol and stakeholder/experts interviews, a formal research paper, and a data quality and availability study of North American Electric Reliability Corporation/ERO's disturbances and outages working group ('DAWG') databases. (3) Critical Electric Power Infrastructure Recovery and Reconstruction: Issues & New Policy Initiatives in Four Gulf Coast States After 2005's Catastrophic Hurricanes (also referred to as the 'Gulf Coast cost recovery study'). Four deliverables were produced: the original research paper providing preliminary findings and recommendations (29 September 2006), a formal presentation of that report to officials, staff and invited guests at OE's Washington, DC headquarters, a series of update memoranda and quarterly activity updates (1 November 2006 through Q3-2007), and a final cumulative update of the original research report (February 2008). Documentation and information on these research activities can be found on the CIP website at http://cipp.gmu.edu/projects/DoE-NETL-2006.php. (4) Evaluation of State Energy Emergency Response Plans (also referred to as the 'SEERP project'). Two major deliverables were produced: an evaluation of 47 SEERPs with findings, statistical analyses, geospatial renderings (mappings of the States whose plans were evaluated with statistical analysis underpinnings) and recommendations (17 September 2007), and a major revision to the original deliverable to include one additional plan (Missouri), with fully updated findings, statistical analyses, geospatial renderings, and recommendations (Revision 1, 29 February 2008).« less

Authors:

Ebert, Michael

Publication Date:

Thu Feb 28 00:00:00 EST 2008

Research Org.:

George Mason Univ., Fairfax, VA (United States)

Sponsoring Org.:

USDOE

OSTI Identifier:

949198

DOE Contract Number:  

FG26-04NT42250

Resource Type:

Technical Report

Country of Publication:

United States

Language:

English

Subject:

24 POWER TRANSMISSION AND DISTRIBUTION; 29 ENERGY PLANNING, POLICY AND ECONOMY; ELECTRIC POWER INDUSTRY; RISK ASSESSMENT; INSURANCE; FINANCIAL INCENTIVES; EMERGENCY PLANS; RECOMMENDATIONS