Asset Management – Sigma Power Services

Asset Management Services

Asset Management techniques and methodologies that enable effective decision-making and the optimization and prioritization of costs required to sustain your asset base. Sigma Power provides unmatched practical industry expertise based on decades of experience in all aspects of the utility business including engineering, consulting, equipment testing, and technical training. Equipment Focused Asset Management for generation, transmission, and distribution stations and lines assets involves performing Asset Condition Assessment (ACA) using the Health Indexing approach to identify assets that require attention and then utilizing risk-based methodologies to develop short-term and long-term action plans.

Sigma Power offers its client a complete Asset Management menu of services which, in addition to ACA, enables clients with establishing optimal life cycle management of assets. These services include:

Establishing appropriate testing and inspections protocols
throughout assets lives, including in-service commissioning
Facilitating end-of-life decisions (replace versus refurbish)
Performing incident and post-mortem investigations
Defining data and information requirements
Reviewing and improving design specifications

Having deep generator, transmission, and distribution electric utility roots, our complete
Asset Management solutions span well-beyond the typical paper analysis – we
provide specific action plans based on findings, advise on maintenance protocols,
develop long term capital investment plans, and recommend and perform targeted
equipment testing – through both lab and field testing – all performed by our staff.

Sigma Power is presently developing methodologies for using accumulated data and information to support machine learning in order to facilitate asset analytics studies.

Strategy Focused Asset Management services enable SPS clients to improve and standardize their decision-making processes using customized tools and methodologies that could also be used in supporting regulatory efforts. Examples of such services include:

Creating an Asset Management Plan which provides a succinct summary of
corporate decision-making process, including power system needs and external
and internal drivers that contributed to developing the Business Plan.
Assessing the state of corporate Asset Management processes as they relate to the
ISO55000 standard.
Assisting with all aspects of the regulatory process, including preparation of direct evidence, supporting documentation, strategic positioning, response to interrogatories, and participation in an oral hearing.