Analytica > Webinars > How utilities are reducing risks & saving money

How utilities are reducing risks & saving money

Lonnie Chrisman
June 23, 2023

Get the most bang for your buck with Max Henrion & Sam Savage (August 18, 2023)

Max Henrion, PhD, CEO of Lumina and Sam Savage, PhD, Executive Director of ProbabilityManagement.org will explain the Risk Spend Efficiency (RSE) framework, how California utilities have been using it, and illustrate RSE with ANAGRAM (Analytica for Natural Gas Risk Analysis and Management).

The California Public Utilities Commission requires utilities to quantify risks and use risk-spend efficiency (RSE) to prioritize mitigations based on how much risk they reduce per dollar invested. In this webinar you will see how California utilities use this framework and illustrate the approach with ANAGRAM.

Max and Sam both advise the California Public Utility Commission on the Risk Decision Framework used by California electric and gas utilities.

Lonnie Chrisman

Lonnie Chrisman, PhD, is Lumina's Chief Technical Officer, where he heads engineering and development of Analytica. He was awarded the Alton B. Zerby award "Most outstanding Electrical Engineering Student in the USA", 1987. He has a PhD in Artificial Intelligence and Computer Science from Carnegie Mellon University; and a BS in Electrical Engineering from University of California at Berkeley.