Transmission & Distribution Asset Analytics

Challenges in Monitoring and New Technologies

July 21, 2021 | Online ::

0721-td-asset-analytics

Amidst aging transmission and distribution infrastructure, digitally forward asset managers, equipped with advanced analytics tools are realizing significant gain from using data analytics to improve asset health. Data analytics can be used to monitor T&D assets to gauge their performance, predict and prevent failures, and prioritize asset renewal. Newer technologies are being used in the collection of data to be analyzed while grid components such as energy storage can cause issues but also assist in the planning of system upgrades and replacements. As a result, improved decisions can be made on asset strategy and O&M budget spending on aging T&D infrastructure.

At EUCI’s Transmission & Distribution Asset Analytics Summit, participants will gain strategic insights on how data analytics is playing a key role in their asset investment decisions. The summit also provides beneficial best practices from leading utilities on how to utilize data to optimize asset performance and make ‘maintain or replace’ decisions.

Learning Outcomes

• List the concepts and principles of asset management and possible future in this asset management introduction
• Review developing a synergistic approach to improving system reliability by improving reliability of the system’s elements
• Discuss the use of a health index and end of life considerations
• Examine alternatives and investments prioritization using impact on Corporate Business Values
• Review risk management practices applied to challenges such as asset failures, resiliency, and investment planning
• Explore in depth how utilities are using services based on cutting-edge technology and big-data analytics has been proven to dramatically lower life-cycle costs

Wednesday, July 21, 2021 : Central Time

9:20 – 10:10 a.m. :: Asset Management Overview and Possible Future Changes

• Basic Asset Management Concepts, Principles and Terminology
  • Origins and History of Asset Management (PAS 55, ISO 55000)
  • Drivers and Components of Asset Management
  • Fundamental Concepts: Value, Alignment, Leadership, Assurance

Tom Myers, Principal Asset Management Consultant, HDR

10:10 – 10:25 a.m. :: Morning Break

10:25 – 11:15 a.m. :: Health Index and End of Life Considerations

• Development of long-term risk-based plans (includes incorporating degradation curves into Health Index calculations)
• End of Life considerations

 Yury Tsimberg, Director – Asset Management, Kinectrics Inc.       

11:15 a.m. – 12:10 p.m. :: Asset Prioritization

• Alternatives and investments prioritization using impact on Corporate Business Values
• Asset Performance Management (APM) platform requirements and CIGRE

Yury Tsimberg, Director – Asset Management, Kinectrics Inc.       

12:10 – 1:00 p.m. :: Lunch Break

1:00 – 1:50 p.m. :: Area Plans and the Impacts on Reliability

This presentation will go into detail on developing a synergistic approach to improving system reliability by improving reliability of multiple system elements simultaneously and finish with a case study highlighting this.

Richard Wernsing, Director Electric Strategic Reliability and Delivery Planning Asset Management & Centralized Services, PSE&G

1:50 – 2:50 p.m. :: Risk Management Practices and Applications

Risk Management is one of the six core components of an asset management system, and in many ways it is the most difficult one to implement for the following reasons:

• It deals with uncertainty
• It requires judgement
• It can’t always be adequately quantified
• It is becoming more important than ever before
• It is becoming more complex than ever before

This presentation will discuss the current state of risk management within the realm of asset management, and how risk management practices can be applied to challenges such as asset failures, resiliency, and investment planning.

Tom Myers, Principal Asset Management Consultant, HDR

2:50 – 3:10 p.m. :: Afternoon Break

3:10 – 4:00 p.m. :: Lowering Costs with Big-Data Analytics and Technology to ‘See’ Underground Part 1

 Ever wish you could drive by and see the condition of your underground distribution and transmission cable systems?  What if a technology existed to provide a foot-by-foot profile, pinpoint manufacturing and installation defects before the installers walk off site, and prevent millions of dollars in future operation and maintenance costs?  What if the same technology could be used to assess the health of aged cable systems that have been damaged by extreme operating conditions and direct expenditures as part of a FERC-approved, all-capital program to double or triple the life of existing assets and reduce replacement costs by up to 70%? 

Ben Lanz, Director – Technology, IMCORP

4:00 – 4:50 p.m. :: Lowering Costs with Big-Data Analytics and Technology to ‘See’ Underground Part 2

 Continuing this presentation in more depth to see how utilities are using services based on cutting-edge technology and big-data analytics has been proven to dramatically lower life-cycle costs based on field experience encompassing 200 million feet of cable, two decades, and 80 utilities in 17 countries.

Ben Lanz, Director – Technology, IMCORP

4:50 – 5:00 p.m. :: Wrap up and Final Questions

• • Ben Lanz, Director – Technology, IMCORP

  • Tom Myers, Principal Asset Management Consultant, HDR

  • Yury Tsimberg, Director – Asset Management, Kinectrics Inc.

  • Richard Wernsing, Director Electric Strategic Reliability and Delivery Planning Asset Management & Centralized Services, PSE&G

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

• You will receive a meeting invitation will include a link to join the meeting.
• Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
  • You will need to join the appropriate meeting at the appropriate time.
• If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
• The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

REGISTER NOW FOR THIS EVENT:

Transmission & Distribution Asset Analytics

July 21, 2021 | Online

Buy 4 in-person seats and only pay for 3! For this event every fourth in-person attendee is free!

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before June 18, 2021 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

Credits

EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 0.6 CEUs for this event.

Requirements for Successful Completion of Program

Participants must log in each day and be in attendance for the entirety of the course to be eligible for continuing education credit.

Instructional Methods

Case studies and PowerPoint presentations will be used at this event.