Managing assets on the electric grid

2017-06-26 - T&D World article by Gene Wolf - June 26, 2017
One of the hottest topics in the power-delivery industry is how utilities are managing assets.

When the average manager, engineer and maintenance technician hear the words asset management, their typical response is less than positive. Tell them they have to go to an asset management meeting, and one would think they had been sentenced to the most arduous task imaginable. After all, the term asset management is really bean-counter speak for accounting work, or is it? Not really. Whether they realize it or not, non-accounting utility personnel have been using asset managing information for longer than most people have been working in the industry.

Utility personnel do not typically think of T&D equipment in abstract terms such as assets, but rather circuit breakers, transformers, reactors, lines, circuits, structures and such. The T&D system has been providing information from these electrical apparatuses for a long time. And utilities have been doing this through devices common to the grid such as relays, supervisory control and data acquisition (SCADA), distributed control systems (DCS), meters and remote terminal units (RTUs), to name a few.

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