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Gain insights into ReliabilityFirst's Enforcement Process, from violation life cycle to effective self-reports and mitigation plans. Join Patrick O’Connor and Maxwell Reisinger for valuable tips and definitions.
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Understanding the Enforcement Process Patrick O’Connor – Counsel, RF Maxwell Reisinger – Associate Counsel, RF
Objectives • Gain a better understanding of the life cycle of a violation • Provide clarification on each step in ReliabilityFirst’s Enforcement Process • Explain and define commonly used terms in the Process • Give tips for effective Self-Reports, Mitigation Plans, and Evidence Verification submissions
Enforcement Philosophy • Message • Focus on reliability through a commitment to continuous improvement, strong management practices, and effective compliance programs • Actions • Incent desired behavior • Penalty offsets • Favorable processing treatment (e.g., Compliance Exception) • Discourage undesired conduct • Monetary penalties • Sanctions • Enhanced compliance monitoring
Tips for Evidence Submissions • Quality of Information • Start with a narrative description • Organization is key • Clarity • Focus on two-fold task of mitigation • Overall Strategy • Opportunity to improve overall reliability, security, and resilience