Utility companies play an essential role in our communities, supporting our well-being and quality of life. But providing always-on services that rely heavily on machinery, technology, and other assets can pose a challenge. In the dynamic and demanding world of utilities, mastering the art of asset management and maintenance is critical.

From exploring the fundamentals to addressing the unique challenges different utility sectors face, I’ll share the background and best practices you need to create a robust utility asset management plan.

What is utility asset management?

Utility asset management is the strategic process of managing the physical assets and infrastructure involved in delivering utility services. It encompasses a thoughtful approach that takes the unique characteristics of each specific utility into consideration. 

Utilities that need a utility asset management plan include:

• Electric utilities

• Water utility and treatment facilities

• Waste management

• Gas utilities

• Renewable energy

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