Compliance Auditing

A CapacityCenter compliance audit is an ounce of prevention that may result in pounds of savings. FERC has already handed out and collected on millions in penalties for capacity release rules violations using our data. You don’t want to be on their hit list and we can help keep you off it.

We provide capacity market audits and ongoing compliance monitoring for Shippers, LDCs, Asset Management Companies and Regulatory Agencies.

Here is how it works:

Initial Audit

We utilize our database to review all of your capacity transactions, regardless of which entity it was assigned to (we maintain all the shippers and their relationships)
We compare our records to your internally generated records to determine:
1. Any side dealing, flipping or other behaviors that could run afoul of FERC Market Oversight and FERC Enforcement
2. Compliance with “Shipper must have Title” rules
3. Determine gaps in records and reasons for gaps
Review and audit of internal practices
1. Report of findings generated
2. Training and follow up work available

Compliance Monitoring

Upon completion of the initial audit, we continually monitor the transactional data and report any incidences of a potential violation to the company’s designated Risk or Oversight person on either a monthly or quarterly basis. We will work with clients to assure they maintain compliance and avoid penalties.

PUC Audit Services

With FERC Order 712 the state regulatory commissions will be reviewing the effectiveness and fairness of various Asset Management Agreements in place with LDCs and Muni’s. Under the new rules rate payers may be eligible for a better allocation of the economic value of pipeline capacity assets.

Capacitycenter.com can provide the regulatory and economic analysis required to properly evaluate these arrangements.