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How utilities are reducing risks & saving money

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.

Picture of Lonnie Chrisman

Lonnie Chrisman

Lonnie Chrisman is Lumina's Chief Technical Officer, where he heads engineering and development of Analytica. He has a PhD in Artificial Intelligence and Computer Science from Carnegie Mellon University and a Bachelor’s degree in Electrical Engineering from University of California at Berkeley.

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Download the free edition of Analytica

The free version of Analytica lets you create and edit models with up to 101 variables, which is pretty substantial since each variable can be a multidimensional array. It also lets you run larger modes in ‘browse mode.’ Learn more about the free edition.

While Analytica doesn’t run on macOS, it does work with Parallels or VMWare through Windows.


    Analytica Cubes Pattern

    Download the free edition of Analytica

    The free version of Analytica lets you create and edit models with up to 101 variables, which is pretty substantial since each variable can be a multidimensional array. It also lets you run larger modes in ‘browse mode.’ Learn more about the free edition.

    While Analytica doesn’t run on macOS, it does work with Parallels or VMWare through Windows.


      Analytica Cubes Pattern