Energy industry leaders share their latest thoughts on compliance in the US
2015 energy compliance survey report
Fifty one companies participated in this year’s survey, including major oil companies, integrated utility companies, independent power producers, and independent system operators. Respondents included Chief Compliance Officers, Senior Compliance Directors/Managers and Associate/General Counsels. This report highlights our key findings and has been grouped into four categories that are generally of the most interest within the energy industry – Enterprise Compliance, NERC, FERC, and CFTC – so you can focus on the regulatory areas that matter most for your business.
2015 energy compliance survey
Improving efficiency and effectiveness through compliance
It is no secret that energy companies continue to face evolving regulatory challenges, which requires continuous monitoring and assessment of risk, resource allocation and adaptation of controls. As a result, entities are seeking new and creative ways to improve the efficiency and effectiveness of their compliance programs in order to keep pace with the oversight and enforcement activities of regulatory authorities such as the Commodity Futures Trading Commission (CFTC), North American Electric Reliability Corporation (NERC), and Federal Energy Regulatory Commission (FERC).
In this constantly shifting environment, Deloitte’s annual compliance survey is designed to:
- Help energy companies accomplish improve efficiency and effectiveness
- Sharpen their approach to compliance
- Provide new insight into how the industry is designing and implementing programs.
About the survey
This year's survey was conducted between November 2015 and January 2015, and included 51 US energy companies representing every major region and industry sub-sector, from oil and gas to Regional Transmission Organizations (RTOs) and Indpendent System Operators (ISOs). The raw data they provided helped draw insights in a regulatory environment that continues to evolve and remains very dynamic in key areas. Companies should navigate this uncertainty with constant monitoring and sufficiently nimble response capabilities, which makes it difficult for some companies to optimize their approach for sustained compliance. Read the full report for Energy industry benchmarks and t0 learn more on how to navigate these uncertain times.