Pacific Gas and Electric Company (PG&E) awarded ISO 55001

Houston 19 July 2014 

New asset management certificate will assure worker safety, operational efficiency and environmental stewardship

Lloyd’s Register has certified PG&E for its best-in-class operational standards of its gas operations. PG&E is one of the first utilities in the world to hold both the International Organization for Standardization (ISO) 55001:2014 and Publicly Available Specification (PAS) 55-1: 2008 certifications.

PG&E President Chris Johns said: "I am proud of the determination of our Gas Operations team for this accomplishment and the progress it represents. The men and women of PG&E have worked tirelessly to transform the safety and reliability of our gas system and earn back the trust of our customers."

In early 2014, Lloyd's Register Energy travelled throughout PG&E's 70,000-square-mile service area reviewing safety practices, information and risk management policies, employee qualifications, emergency response protocols and more than 20 additional critical areas of asset management. The certification process also involved a series of rigorous, independent audits and interviews of more than 150 PG&E management, field employees and contractors.

Executive Vice President Nick Stavropoulos, who has overseen the modernization of PG&E's natural gas system said: "These certifications are evidence of our continually improving safety culture and our robust asset management program. We are proud of our progress and the great strides we're making toward world-class safety performance. But we still have more to do to become the safest, most reliable gas company in the country."

The underlying requirements of the ISO 55001: 2014 and PAS 55-1: 2008 standards are the foundation of PG&E's safety management system. They require the highest level of rigor for managing the company's large number of physical assets, which include transmission and distribution pipelines, pressure regulator stations, gas storage facilities, meters and more.

Peter Glaholm, Regional Manager Utilities from Lloyd’s Register Energy highlighted: “What makes an operator in this industry successful? It’s all about asset management which is the lifeblood of today’s power utilities industry. And that is before counting all the data assets, buildings, people and other assets that are part of running a modern business.”

Glaholm added: “Making the right enterprise asset management decisions is critical. PG&E are making sure they have the right systems in place to support effective asset management. There is clear evidence that these systems are being applied and there is a culture of continuous improvement which is why we have awarded one of the first of the all-new ISO 55001 certificates in the world.”

ISO 55001: 2014 and PAS 55-1: 2008 are renewed every three years with regular observation assessments to maintain certification. PG&E's Gas Operations must sustain the performance demonstrated at the time of initial certification and continue to improve in order for the certifications to be renewed.

Power utilities companies have been among the early adopters of the asset management standard, recognising the assurance that certification provides to all stakeholders, including regulators. This recognition has gathered momentum globally within the power, water and gas and distribution sectors, power generation and in the transportation sectors with rail companies, airports and air traffic control companies seeking certification.

PG&E joins other major companies around the world that have earned ISO 55001: 2014 or PAS 55-1: 2008 certification, including TNB Transmission (Malaysia), London Underground, Fingrid, National Air Traffic Services, Scotia Gas Networks, EDF Nuclear, London Gatwick Airport and Western Power Distribution.

For more information, please contact jason.knights@lr.org.

LR has been a key player in the development of ISO 55001: 2014 and PAS 55-1: 2008 and has supported over 50 companies worldwide across a variety of sectors to achieve this certification. In 2004 the Institute of Asset Management, in conjunction with British Standards Institution, developed PAS 55, the first publicly available specification for the management of physical assets. Recognising the key need for a sustainable, risk-based, asset management approach, LR took a leading role in the development of PAS 55, its revision in 2008 and its evolution into the ISO 55001 suite of standards. LR is recognized as an international auditor of ISO 55001.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation, is one of the largest combined natural gas and electric utilities in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation's cleanest energy to 15 million people in Northern and Central California. For more information visit www.pge.com or http://www.pge.com/about/newsroom.

About ISO 55001: 2014

ISO 55001: 2014 was developed by ISO to enable organizations to implement effective and efficient management systems for physical assets. The certification provides assurance that an organization can achieve its asset management objectives consistently and sustainably over time. ISO is an independent, non-governmental organization made up of members from the national standards bodies of 162 countries and has published more than 19,500 international standards covering almost all aspects of technology and business.

About PAS 55-1: 2008

PAS 55-1: 2008 was developed by the Institute for Asset Management and published by the British Standards Institution. This rigorous specification is focused on optimized management of physical assets with widespread recognition among utilities, transport, mining, process and manufacturing industries worldwide.

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