GECO is a utility that was established 75 years ago and is based in California. The company supplies Electricity to 2 million customers and Natural Gas to 1 million customers in Northern California through its owned transmission and distribution infrastructure. Almost 80% of GECO’s customers are residential customers with the rest 20% making up small and large commercial or industrial customers. The company owns approximately 2700 miles of electric transmission and distribution lines and about a total of 12,000 mile network of Natural Gas transmission and distribution pipelines. The company also owns its own natural gas storage field spread across an area of 100 acres and that has about 50 gas wells. This storage field serves the company to draw gas from the wells during peak demand days. The company owns, operates and services all the electric and gas meters installed at each of their residential and commercial/industrial customer locations. These meters are used to monitor the customers’ gas and electricity usage on a monthly basis. The company been a critical energy distributor in the state of California the state’s public utility commission (PUC) has a regulatory oversight on all of the company’s activities. The company needs to maintain business continuity strategy to make sure the customers are always served with their energy needs even in cases of extreme weather and natural disasters.
Based on this description above please highlight THREE risks for GECO and list THREE Threats (or Causes) and THREE Impacts (or Consequences) that GECO may face as a result of the Risk Event . For the Risk selected for the BowTie above please list three existing controls for the risk. Also, propose at least two new mitigation actions assuming that the existing controls listed are not effective and the risk may be trending upwards.
THREE RISKS
THREE THREATS AND THREE IMPACTS
THREE EXISTING CONTROLS
TWO NEW MITIGATION ACTIOS.