Energy Industry Leaders Talk About the State of Their Compliance Efforts Today — and Where They Need to Be Tomorrow
Front and center
Regulatory compliance issues remain front and center for U.S. energy companies. Major shifts in the regulatory landscape are affecting everything from commodity transacting to infrastructure reliability; yet, there is still a lot of uncertainty about the specific requirements and key focus areas for compliance. Regulations and policies continue to evolve and tools and technologies are not providing the silver bullet that many companies were hoping for.
What are energy companies doing to address their compliance challenges and how can they stay ahead of regulatory trends and requirements without creating unnecessary drag on the business? To answer these questions, Deloitte recently conducted its fifth annual Energy Regulatory Compliance Survey, which looked at the compliance activities of major energy companies North America. Fifty-two companies participated in the survey, including major oil companies, integrated utility companies, independent power producers, independent system operators and municipal utilities.
As in the past, this year’s survey focused on four main areas:
- Enterprise compliance
- North American Electric Reliability Corporation (NERC) compliance
- Commodity Futures Trading Commission (CFTC) compliance
- Federal Energy Regulatory Commission (FERC) compliance
To learn more about what companies and regulators are focusing on — and what the top compliance priorities should be — take a look at the key findings from this year’s survey.
Deloitte & Touche LLP
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