NYPA Press Release

NYPA Recognized as First North American Electric Utility to Earn Prestigious International Asset Management Certification

For Immediate Release: September 25, 2019

 

Contact: Maura Balaban | 914-390-8171 | maura.balaban@nypa.gov

Largest State Public Power Producer Receives Gold Standard for Best Utility Operations Practices

Distinction Supports New York State’s Nation-Leading Clean Energy Goals and Drive for “Entrepreneurial Government”

WHITE PLAINS--The New York Power Authority (NYPA) today announced that it has become the first electric utility in North America to achieve a coveted international certification for meeting the most rigorous asset management standards. A ceremony recognizing the accomplishment took place today as EA Technology Ltd. CEO Robert Davis presented the certificate to the NYPA’s leadership and Board of Trustees at its regularly scheduled meeting at NYPA’s White Plains office. EA Technology Ltd. was NYPA’s auditor for this certification. The award recognizes NYPA’s high asset management standards that enable the Authority to deliver daily upon Governor Andrew M. Cuomo’s Green New Deal, the most aggressive climate and clean energy initiative in the nation.

 

“This accreditation attests to the Power Authority’s top-quality business principles, strong focus on customers and structured approach to decision-making,” said John R. Koelmel, NYPA chairman. “It is a commitment to continuous improvement to deliver low-cost, clean, reliable power and innovative energy infrastructure and services to customers.”

 

“We’re proud to be the first electric utility in North America to achieve compliance with this international standard because it shows we are making quality, long-term decisions daily that directly benefit our customers and the residents of New York,” said Gil C. Quiniones, NYPA CEO and president. “This designation demonstrates that optimal asset management is interwoven in our work culture DNA and strategic plan. It is extremely satisfying to have validation from internationally recognized experts that our hard work is paying off.”

 

The International Organization for Standardization (ISO) issues globally recognized requirements that are the ‘gold standard’ for compliance with best practices in the utility industry for asset management, known as ISO55001: 2014. The Institute of Asset Management (IAM) endorses organizations to assess against the ISO criteria. Superior asset management enables an organization to achieve a number of important operational and financial goals. They include reducing the cost of its capital and operations while improving risk management and environmental compliance. It also provides a methodology and mindset for achieving continual improvement – a critically important goal for any utility.

 

“We are pleased to certify NYPA to ISO 55001: 2014,” said Robert Davis, CEO EA Technology and former IAM president. “During the certification process NYPA impressed the audit team with commitment to continuous improvement. They should be proud of delivering an outstanding asset management system that will ensure that NYPA and its stakeholders enjoy the benefits of managing their assets to world class standards.”

 

NYPA’s assets include the people, equipment, systems and infrastructure that allow for the effective operation of its 16 power plants, including its flagship hydroelectric projects on the Niagara and St. Lawrence rivers, and its 1,400 circuit miles of high-voltage transmission lines. NYPA, the nation’s largest state-owned electric utility, provides up to one-quarter of the electricity in New York.

 

The certification also recognizes that NYPA has adopted market-based decision-making, underscoring Governor Cuomo’s focus on entrepreneurship in government. This enables New York to achieve a greater return on investment, utilize its resources more efficiently and better address the needs of its taxpayers and consumers.

 

NYPA’s path to ISO55001 certification began following the publication of the organization’s first comprehensive Strategic Plan, approved by NYPA’s Board of Trustees in 2014, which identified asset management as one of its key strategic initiatives. Following a five-month assessment and audit, NYPA achieved the certification in August.

 

The rigorous certification process required NYPA’s internal asset management practices to comply with the ISO55001 standards and be subject to an independent audit in this case, EA Technology Ltd. in conjunction with Burns & McDonnell.

 

The two-stage audit evaluated:

 

  • NYPA’s policies, processes and procedures
  • Evidence that the asset management system is implemented in actual operations
  • How policies and procedures were being followed on a day-to-day basis, in such areas as maintenance, risk response, emergency preparedness, safety protocols, training and communications

 

New York State Senate Energy Chair Kevin Parker said, “As we strive for a clean energy future in New York State, I applaud the New York Power Authority for its leadership and congratulate them on the internationally recognized asset management certification. This level of global recognition illustrates that New York is well prepared to accomplish our clean energy goals to combat climate change in our great state.”

 

New York State Assembly Energy Committee Chair Michael Cusick said, “It is great to see NYPA receive international recognition for its rigorous asset management. For years, NYPA has been a powerhouse in New York creating jobs and driving energy innovation. That record is built on a strong foundation of capable people working at NYPA facilities across the state and world-class infrastructure that enables us to keep the lights on with largely clean, renewable energy. Congratulations to the people at NYPA who have made this achievement possible." 

 

Kirsten Bodley, president of The Institute of Asset Management, said, “Achieving ISO55001, the standard that specifies the requirements for the establishment, implementation, maintenance and improvement of an asset management system, is a key step for NYPA, demonstrating it has integrated its activities, enabling it to deliver value and achieve its objectives both effectively and efficiently.”


Mike Howard, president and CEO of the Electric Power Research Institute, said, “NYPA is broadly engaged in EPRI’s research portfolio and is in the forefront of guiding and supporting electricity sector R&D. Its impressive leadership in optimizing assets is benefiting not only the industry but also its customers as well.”

 

John Di Stasio, president of the Large Public Power Council, said, “Congratulations to the New York Power Authority for being North America’s first electric utility to achieve the well-deserved ISO55001 certification. With this certification, NYPA is once again at the forefront of innovative trends in the utility sector, serving as a model for public and private power organizations alike for its dedication to efficiency, reliability, and continuous improvement.”

 

David Curtis, CEATI International technical advisor Strategic Asset Management Program, said, "With this ISO certification, the New York Power Authority leads electric utilities in North America. This is a boon for clean energy, a boon for New York State and, most significantly, a boon for NYPA’s electricity customers."

 

 

About NYPA

NYPA is the largest state public power organization in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. More than 80 percent of the electricity NYPA produces is clean renewable hydropower. NYPA uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. For more information visit www.nypa.gov and follow us on Twitter @NYPAenergy, Facebook, Instagram, Tumblr and LinkedIn.

 

About the Institute for Asset Management

The Institute of Asset Management (the IAM) is the international professional body for asset management professionals. The IAM develops asset management knowledge and best practice and generates awareness of the benefits of the asset management discipline for the individual, organizations and wider society. Established in 1994, the IAM currently has over 2,700 members and a network of over 30,000 people globally.

 

About EA Technology Ltd
EA Technology Ltd is a specialist in asset management solutions for owners and operators of electrical assets. Headquartered in the UK, EA has a global network of operations and customers with regional offices around the world. EA is committed to providing its customers with innovative products and services, consultancy and training, which deliver tangible benefits to create safer, stronger and smarter networks for today and the future.

 

About Burns & McDonnell

Burns & McDonnell is a family of companies made up of 7,000 engineers, architects, construction professionals, scientists, consultants and entrepreneurs with offices across the country and throughout the world. We strive to create amazing success for our clients and amazing careers for our employee-owners. Burns & McDonnell is 100% employee-owned and is proud to be on Fortune’s 2019 list of 100 Best Companies to Work For.