AICPA SOC Service Organizations - Certrec

Regulatory Expert Certrec Launches Robust Internal Compliance Program Solution to Ease NERC Compliance

Certrec’s Office of NERC Compliance Offers a Systematic Policy, Procedure, Training, and Compliance Management Program for Meeting NERC Internal Compliance Expectations

Fort Worth, TX (PRWEB) June 12, 2013 — Certrec, a leading licensing and regulatory compliance provider for NRC, FERC, and NERC compliance, announced today the launch of their Internal Compliance Program (ICP) for NERC Entities. 

The Office of NERC Compliance is comprised of ICP Assessment, Internal Compliance Program, “Living” ICP, and “Living” RSAW (Reliability Standard Audit Worksheet), Certrec’s Internal Compliance Program solution is a proven, end-to-end system for NERC and Regional Entity compliance. 

“As regulatory compliance experts, we are often asked, “Where is the NERC regulatory process going?” says Ted Enos, CEO of Certrec. “In our 30 years of experience with regulatory agencies, we feel that the NERC oversight and regulation process is very similar to the evolution of the Nuclear Regulatory Commission’s (NRC) process,” Enos continued. 

“FERC, NERC, and other regulatory agencies may have a different path than the NRC, but in our experience, they seem headed toward the same goal,” says Enos. “Understanding the elements of an Internal Compliance Program (ICP) is the key to anticipating this regulatory evolution. Proper implementation and maintenance of 

an Internal Compliance Program can allow managers to get ahead of the “Power Curve” of the NERC regulatory process.” 

Certrec’s Internal Compliance Program’s four components allow compliance managers the flexibility to deploy one or all parts, depending on their needs and maturity of compliance. Each component is easy to implement, cuts resource time and costs, and helps to ensure compliance. 

“Maintaining Internal Compliance programs can be challenging for NERC compliance managers who may lack the expertise, time, or resources necessary to create or maintain such an in-depth program,” says Bob Biggs, Certrec’s Office of NERC Compliance Manager. “Our Internal Compliance Program is a systematic policy, procedure, training, and compliance management solution for meeting NERC Internal Compliance expectations – from independent assessment of the health of an Internal Compliance Program to maintaining a “living” real time ICP anywhere, anytime.” 

“Certrec is seeing strong interest in our new Internal Compliance Program solution,” notes Ted Enos. An ICP is often a prerequisite to exercise the Find It, Fix It, Track It Program which can help Registered Entities mitigate the risk of findings and violation fines.”

About Certrec:
Certrec is a leading provider of regulatory compliance solutions for the energy industry with the mission of helping ensure a stable, reliable, bulk electric supply. Since 1988, Certrec’s SaaS applications and consulting know-how have helped hundreds of power-generating facilities manage their regulatory compliance and reduce their risks.

Certrec’s engineers and business teams bring a cumulative 1,500 years of working experience in regulatory areas of compliance, engineering, and operations, including nuclear, fossil, solar, wind facilities, and other Registered Entities generation and transmission.

Certrec has helped more than 120 generating facilities establish and maintain NERC Compliance Programs. We manage the entire NERC compliance program for 60+ registered entities in the US and Canada that trust us to decrease their regulatory and reputational risk. Certrec is ISO/IEC 27001:2022 certified and has successfully completed annual SOC 2 Type 2 examinations.

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