Canadian firm selects MetricStream's GRC solution
Ontario, Canada based Independent Electricity System Operator (IESO) has selected MetricStream’s Enterprise GRC Platform to streamline and automate implementation and monitoring of compliance to electric reliability standards laid down by the North American Electric Reliability Corporation (NERC) and the Northeast Power Coordinating Council (NPCC).
Overseeing 300 power entities in the region, the IESO ensures the reliable operation of the provincial electricity grid acting as the reliability co-coordinator for the province of Ontario, developing and enforcing reliability standards and ensuring compliance.
"We selected MetricStream because it was user friendly, secure and will integrate easily with our existing systems," said Dan Rochester, manager, reliability standards and assessments, IESO.
MetricStream will implement its compliance and policy management solution for enabling a systematic compliance monitoring process for NERC and NPPC electric reliability standards. The system will support integrating reliability standards, capture reporting from various market participant organizations in Ontario and ensuring compliance to those standards, and reporting compliance status to the standards authority.
"Having implemented our GRC solutions at many large energy and utility companies, the opportunity to work with an organization that not only monitors but also enforces compliance carries special significance for us," said Gaurav Kapoor, CFO and GM, MetricStream.
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