Enterprise risk management powers up at utilities
Revived focus on ERM, but expectations now more realistic on what it can achieve
Enterprise risk management (ERM) is undergoing something of a renaissance at electric utilities in Europe and North America, with many firms hoping it will add value to their ailing businesses, say market participants and consultants.
In today's hostile environment, the ability to understand risk at an enterprise level is becoming increasingly desirable, say market participants. Faced with plunging revenues, rising costs and shrinking margins, utilities must eke out as much value as possible
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