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Asset Management Services for Electrical Power Systems

Asset Management techniques and methodologies that enable effective decision making and the optimization and prioritization of costs required to sustain your asset base.

Transmission and Distribution Power Systems 

Kinectrics 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 transmission and distribution stations and lines assets involves performing Asset Condition Assessment (ACA) using Health Indexing approach to identify assets that require attention and then utilizing risk-based methodologies to develop short-term and long-term action plans.

Unlike most of Kinectrics competitors and due to in house presence of equipment experts, Kinectrics offers to 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 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.


Over the last couple of years Kinectrics has partnered with a number of Asset Performance Management (APM) Platform providers to further enhance its Asset Management service offerings. These platforms enable Kinectrics clients to integrate data/information from multiple sources, both static and in real time, to automatically update ACA results when assets condition changes due to planned or unplanned actions, and to generate customized dash boards and reports. Furthermore, Kinectrics 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 Kinectrics' 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:

·       Using Investment Prioritization PROSORT tool that provides means to prioritize investments based on a consistent basis regardless of the asset categories involved by normalizing their estimated cost over resultant risk mitigation to your corporate Business Values 

·       Establishing Performance Metrics for specific lines of business to measure effectiveness, efficiency and accomplishments of investments made

·       Creating 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 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 and supporting documentation, strategic positioning, response to interrogatories and participation in oral hearing


Traction Power Systems

Kinec

trics also has experience providing Asset Management services for traction power systems. Kinectrics utilizes the same methodologies to assess the condition of traction power equipment as with utility assets, ultimately enabling our clients to provide safe and reliable transportation.

 

Our services help ensure proper maintenance process are in place for electrical assets, assist with long term capital planning, and aid in determining a higher utilization rate of equipment (ie. the electrical equipment’s ability to handle more trains).

Learn more about recent traction power system work here.​