Abstract
The North American Electric Reliability Corporation's (NERC's) revised and recently deployed compliance monitoring and enforcement program is intended to create a unique compliance monitoring program for each registered entity based on the inherent risk each entity poses to the reliability of the Bulk Power System (BPS). This revised program is intended to provide a reasonable assurance of BPS reliability while allowing NERC and its regional entities to focus their compliance monitoring and enforcement resources on issues that pose the greatest risk to reliability. For registered entities, the program has the potential to result in lighter‐handed compliance oversight where the registered entity poses a lower risk to the BPS and has internal controls in place that mitigate the entity's BPS risk by helping to prevent, detect, and correct reliability standards violations.
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