For utility companies around the world, one of the assets that it is the most valuable – and most vulnerable – is none other than the utility pole. No matter what the utility pole is meant to provide the community, it’s easy to recognize the need for each and every pole to be properly identified …
Utility Pole Identification and Numbering Systems: 10 Expert Resources Read More
In most cases, a company’s infrastructure represents some of its most important assets. In fact, these types of assets are the very ones that are put in place to keep communities connected, safe, and desirable. Some of the most crucial of these assets include utility pole components. Naturally, the poles support power lines and other …
The utility industry, like many modern industries, relies heavily on the use of equipment to facilitate service delivery to customers. But in the utility sector, equipment failure can be catastrophic, causing widespread outages that hinder customers (businesses and homeowners alike) from going about their day-to-day activities. Yet, the utility industry struggles with outdated equipment and …
Utility companies frequently struggle with balancing the need to invest in modern equipment and infrastructure with demands to minimize costs for customers. One of the most effective ways to avoid substantial rate hikes is to maximize the lifetime value of every existing asset (as well as new assets as investments are made). To get the …
Best Practices in Utility Asset Management: Maximizing the Lifetime Value of Your Assets Read More
In an April 2015 article, the Wall Street Journal points out that families in New York are paying nearly double (40% more) in electricity costs compared to prices just ten years ago. While it’s certainly true that the price of many goods and services has risen substantially in the past decade or two, what’s interesting …
Heavy Capital Spending Crunches Utility Companies: A Look Ahead to 2016 Read More
As asset management becomes an expected practice within the utility industry, more utility companies are looking to asset management software solutions to streamline tracking and documentation, optimize resource utilization, and improve overall service levels. While there are many asset management software solutions available, not all software programs are created equal, particularly when it comes to …
Asset Management Software for Utility Companies: A Buyer’s Guide Read More
A strong infrastructure is the lifeblood of any utility company. Without it, consistent delivery of services to meet consumer demand is next to impossible. Not to mention, a weak infrastructure causes operation costs to skyrocket, and utilities quickly find themselves underwater with no means to justify the rate increases necessary to continue providing services at …
Asset Management Solutions: The Key to Strong Utility Infrastructure Read More
Utility companies carry substantial liability, not only for ensuring acceptable service delivery, but for damages and injuries resulting from malfunctioning assets and equipment. A utility pole that ends up crashing into someone’s roof is surely going to create an unhappy homeowner, and only sheer luck avoids serious injury in some of these situations. At the …
Asset Management Aids Utilities in Mitigating Risks Read More
Utility companies are increasingly adopting asset management as a foundation for streamlining operations and ensuring service reliability for consumers. The United States Environmental Protection Agency (EPA) has outlined the five key questions critical for a functional asset management framework. Here’s an outline of the key components of an asset management framework outlined by the EPA. …
Utilities are faced with managing thousands (even millions) of assets. If that’s not complex enough, there are a multitude of variables that must be carefully monitored to achieve optimal performance for every individual asset, including the age of the asset, its operating environment, demand, usage, and other metrics. The individual performance of each asset contributes …
Utility Asset Management 101: Basic Asset Categorization Read More
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