By Tom Kleckner
Stakeholders Get First Peek at Report on Supply Chain Risks
MANHATTAN BEACH, Calif. — NERC stakeholders last week got a first look at a draft report on supply chain risks as part of a FERC directive to develop a standard addressing risk management of the industry’s vendors.
Roy Thilly, chairman of NERC’s Board of Trustees, called the initiative a “very important undertaking,” but he also cautioned that it is not a “silver bullet.”
Supply chain risk management “requires a practical, effective, measured response,” he said during the NERC Member Representative Committee’s Feb. 6 meeting.
The NERC MRC met Feb. 6 | © RTO Insider
NERC staff have been working with the Electric Power Research Institute to assess the bulk electric system’s (BES) product and manufacturer types, analyze BES cyber assets, and gather best practices and standards used by other industries to mitigate supply chain risks.
At the board’s request, the North American Transmission and Generator Forums and other industry groups have developed white papers, which can be found on the initiative’s website.
The report suggests applying industry practices to third-party accreditation…
