OP Credit: Risk Assessment and Mitigation – Above Green

(1-4 points)

Applicable to: Cities & Utilities, Campuses, Transit

INTENT

To evaluate and reduce risks to the project and its functions.

REQUIREMENTS

All Projects

Conduct a comprehensive risk assessment for critical assets within the project boundary, using the risk matrix approach described in the PEER Reference Guide. Develop a matrix for risk events with following dimensions, each with at least five classes:

Probability or frequency of occurrence (rare, unlikely, possible, likely, almost certain)
Severity (very low, low, medium, high, very high)

Conduct a risk assessment of at least four risk events for each of the following subsystems, including their individual assets:

Main substations or switchyards
Distribution substations or switchyards
Distribution transformers
Overhead distribution lines
Underground power cables
Local generation
Energy storage systems
Communication and control infrastructure
Backup power supply
Metering Infrastructure

Evaluate each of the chosen risks across at least two of the following criteria:

Financial
Environmental
Safety
Quality of service

Points are awarded according to Table 1.

Table 1. Points for risk assessment

Assessment	Points
> 4 risk events, 2 criteria	1
> 6 risk events, 3 criteria	2

Prioritize the assessed risks for all subsystems and their assets (1 point).

Develop mitigation strategies for all identified and prioritized risks (1 point).

Projects that complete comprehensive risk assessments for eight risk events across four criteria earn 1 additional point for exemplary performance under the Innovation credit category.