(PRWEB) February 11, 2013
Due Diligence refers to an investigation or audit of a potential investment and serves to confirm all material facts in regards to a sale. Likewise, Due Diligence also indicates the amount of care a reasonable person or entity should take before entering into an agreement or a transaction with another party. Until recently, the emphasis for any power acquisition was based primarily on the physical condition of the facilities and the financial payback of the investment which includes extensive risk assessment. One aspect of transaction risk that in many cases has not previously been addressed is due diligence associated with NERC Reliability Standard compliance and the potential penalties associated with non-compliance. PCS places high emphasis on the need for buyers and/or sellers, along with bonding agencies to perform this same due diligence with respect to the status of an entity’s NERC compliance. Finding the right resource to perform this service is essential and PCS is ready to show you why it is a leader in the industry.
As part of their “Asset Marketability Plan,” existing entities engage PCS to identify areas of non-compliance and to provide solutions and support in issue resolution, if any. When completed, PCS provides recommendations for improvement that will reflect a robust compliance program. This increases the marketability of the asset and is a key component to supporting a potential sale.
For Entities looking to expand their portfolio, often times in multiple regions or in regions that have are not part of their current portfolio, PCS represents their interests by determining the compliance status of the facility(s) under purview in the new region By compiling and analyzing the available documentation and supporting evidence, PCS can effectively and expertly opine on the current state of compliance while offering comment on the probable cost associated with achieving and sustaining auditable compliance.
THE BONDING AGENCY:
Assurance that NERC Compliance risk is not transferred to the buyer, or is mitigated to a manageable level, is a component as defined by many Bonding Agencies and Financial Services Providers. Acquisitions involving high risk or high probability of violations can weigh negatively and carry costs.
PCS understands the value of high quality operational and engineering processes necessary to drive compliance. We apply a history of true compliance expertise to every aspect of the services we provide and draw upon decades of actual operating experience in delivering an accurate assessment of an entity’s state of compliance.
Make our team a part of your strategic planning efforts by contacting us today!