Business Intelligence Drives More Effective Decisions, Utility Professionals Reflect at EUCG's 35th Anniversary Workshop
SAN ANTONIO, May 1 /PRNewswire/ -- An electric utility's success is
related to how well and how fast the right information and intelligence get
to the right people, author and business consultant Gary Cokins cautioned
attendees of EUCG's semiannual spring workshop in San Antonio in April.
EUCG is a global association of energy and electric utility
professionals who meet to discuss current and emerging industry issues,
share best practices and exchange data for benchmarking purposes. The
association celebrated its 35th anniversary at this spring's workshop.
"Utilities are not unlike other industries that spend tons of resources
collecting information, including measuring all aspects of operational
performance under the sun, but fail to convert this information into
actionable intelligence," said Cokins, an expert in performance management
for SAS, a leading business intelligence software provider, and author of
Performance Management: Finding the Missing Pieces to Close the
Intelligence Gap. "Most businesses can tell you their customer satisfaction
score or on-time delivery performance, but they cannot tell you with great
certainty what drives these scores. The data is often treated as discreet
measurements, but in reality these scores are interrelated and
interdependent. Performance management and business intelligence programs
provide much needed context and advance management decision making."
"The EUCG membership spent a great deal of workshop time sharing best
practices and discussing individual business intelligence and performance
management programs," said EUCG President Stephen Saunders of Tennessee
Valley Authority (TVA). "Rapid decision making is becoming increasingly
important within the electric utility industry, and our members are
discussing how to leverage human, technological and financial resources to
support quick action."
"Our industry is data intensive, and Mr. Cokins challenged utilities to
convert this information into intelligence to help drive customer
satisfaction and shareholder wealth," said EUCG Vice President Mark Derry
of Exelon (NYSE: EXC). "Our ability to manage utility operations through
the present-day supply and cost challenges may rest on how well we're able
to use intelligence to justify capital programs, secure revenue adjustments
and communicate with customers in a meaningful way."
EUCG welcomed approximately 180 workshop participants from more than 60
different utilities, including four foreign countries, to its spring
workshop, said George W. Sharp, EUCG international marketing director, of
American Electric Power (NYSE: AEP). "Our workshop theme focused on
leveraging information to improve business decisions, and many of the
presentations addressed that topic," said Sharp.
Each committee pursued individual workshop agendas, including:
-- Nuclear Committee: Presentations during the workshop included an
update on the construction of a new nuclear plant in Romania and an
interactive panel discussion on project management practices at four
major companies, said David Ward, Nuclear Committee chair from Duke
Power (NYSE: DUK). "Our committee continues to provide a forum for
discussions on key industry topics and a network for obtaining a blend
of company solutions to emerging initiatives. With the prevailing
nuclear renaissance, new issues are being discovered, and we believe
strongly in nuclear technology playing an important role in balancing
the world's need for environmentally friendly energy supply." Other
topics discussed by the Nuclear Committee involved recent developments
in nuclear fuel management and ways to improve the committee's database
to assist members in transforming the data into business intelligence,
Ward said.
-- Fossil Committee: Plant safety and cost management were the overriding
themes discussed by the Fossil Committee, reported chair James Patrick
of Ameren (NYSE: AEE). "Safety continues to be a popular topic for our
committee, and we were able to review a couple of fantastic
safety-related case studies from our members." The cost impact of
managing current and future environmental regulations continues to
weigh heavily on the minds of the membership, Patrick added. "We are
planning to discuss how members develop their long-term capital plans
during the upcoming fall conference, along with presentations in the
areas of safety, the environment and the building of new power plants."
-- Information Technology (IT) Committee: The IT Committee focused on
refining its cost benchmark model and sharing information about member
companies' corporate environments, IT organization structures, CIO
metrics and IT governance models. Best practice discussions centered
on case studies of technologies that member companies use to support
key business functions. "One company described its use of data
warehouse technologies to support business analytics and decision
making; another shared its lessons learned from implementing project
and resource management practices and technologies to optimize staff
utilization and project planning functions," said Jack Flack, committee
chair from TVA. "Our members are interested in determining the optimal
resource allocation and structure within a utility for an IT
department. We plan to spend much of our workshop time during the fall
continuing discussions about lessons learned by our members during the
execution of major IT projects. We're also going to discuss 'smart
metering' and integrated work management issues when we meet in San
Francisco this September."
-- Hydroelectric Committee: Hydro plant staffing, work force planning and
data analysis for management decision making were the overriding themes
that the Hydro Committee discussed during the spring conference,
according to Jim Miller, committee chair from TVA. "We are focusing
much of our efforts on using our committee's database to determine best
performers and, more importantly, what processes, resources and best
practices help drive these best performers," said Miller. The fall
conference will continue developing on the theme of best performers,
including an updated analysis of member accomplishments over the past
three years.
-- Transmission and Distribution (T&D) Committee: T&D Committee attendees
heard presentations about the SmartGrid concept and the impact that
renewable energy and energy storage will have on future utility
operations, among other issues. During the fall conference, T&D
members are planning to discuss execution strategies for developing a
successful safety culture, developing and implementing disaster
recovery plans and a roundtable of different members' "green"
strategies.
EUCG will hold its 2008 fall workshop in San Francisco Sept. 14-17,
when it will continue celebrating its 35th year of operations. All energy
professionals are invited. Interested parties should visit the EUCG website
( http://www.eucg.org ) for more information.
About EUCG: EUCG is a global association of energy and electric utility
professionals who discuss current and emerging industry issues, share best
practices and exchange data for benchmarking purposes. The 35-year-old
association is organized into five separate committees that represent
specific utility functions: Transmission & Distribution (T&D), Fossil
Plants, Hydro Plants, Nuclear Plants and Information Technology (IT)
departments. Members attend semiannual workshops that focus on strategic
planning, maintenance practices, operations management, outage management
and various other aspects of the electric utility business. Membership is
open to all utility companies and professionals worldwide. Interested
parties should contact Pat Kovalesky, EUCG Executive Director, at
1-623-572-4140. Email: eucgexec@cox.net . Website: http://www.eucg.org .
SOURCE EUCG
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