
Mutual Energy achieve Global Standard for Asset Management through ISO 55001 certification
Mutual Energy has been recognised for effective asset management of critical infrastructure by achieving ISO 55001 certification.
ATCO Electric develops regulated distribution and transmission projects and plays a key role in the growth of Alberta’s industrial sector. Headquartered in Edmonton with 38 offices throughout its service area, ATCO Electric serves nearly 224,000 customers in energy-rich northern and east-central Alberta. With more than 85 years of experience and approximately, 900 employees serving 245 communities, the company builds, operates, and maintains a safe, reliable system of approximately 11,000 km of transmission lines and 69,000 km of distribution lines.
The Woodhouse Partnership was engaged to assist ATCO Electric to develop its asset management capabilities in support of its organizational objectives. The high-level approach to this mandate included:
This project was delivered using strong program governance and short interval control, engaging with ATCO Electric working in partnership with ATCO staff to ensure the program delivered their expectations. Activities included:
A key element of this mandate was to provide coaching and mentoring support for ATCO Asset Management Office team to transfer asset management knowledge and expertise to ATCO to establish a sustainable Asset Management culture.
The principle deliverable of this mandate is an Asset Management System that meets the requirements of ISO 55001:2014 and provides ATCO Electric with asset management capability that will enable it to deliver its business objectives. This mandate provides ATCO with decision-making capability, sustainable processes, and associated performance and condition metrics that are required to meet the challenges it faces such as Performance-Based Regulation and Competitive Capital Programs.
“The Woodhouse Partnership was an invaluable resource in helping us formalize and implement an asset management system throughout our company. their extensive knowledge in Asset Management allowed us to align our business with ISO 55001 standards. We’ve always managed our assets and now, through a structured management system, we are able to make consistent, repeatable decisions, looking at the trade-off between cost, risk, and performance while engaging all internal and external stakeholders over the life of the asset.”
Mutual Energy has been recognised for effective asset management of critical infrastructure by achieving ISO 55001 certification.
This study was commissioned to ascertain the business case for re-tubing and to evaluate the life cycle cost benefits of alternative materials.
David Curtis, Director, Engineering Talent Management at Hydro One talks us through their experience with the Woodhouse Partnership and benefits of refining their asset management practices.
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With 30 years’ experience in utilities, oil & gas, transport and other sectors, John is one of the most widely known experts in integrated asset management projects for some of the largest companies in the world.
John is a Founder and Life Fellow of the IAM; he has written 4 books, chaired the development of BSI PAS55 and represents the UK on the ISO55000 committee.
He also led the international MACRO and SALVO collaboration projects in optimised asset management decision-making.