Federal Energy Regulatory Commission (FERC) Compliance Solutions
Erado's on-demand electronic message archive, supervisory, discovery, and
compliance services provides a full featured easy to use on-demand solution to ensure that
electronic records retention requirement for energy companies that need to
comply with Federal Energy Regulatory Commission (commonly called FERC) are met.
Today, the vast majority
of organizations use email and instant messaging to communicate internally and
as a vehicle for the exchange of documents and correspondence between businesses
and their outside consultants, accounting firms and audit firms. Since these
communications often contain information about business transactions and
business decisions, these communications must be retained as per the following
FERC Regulations:
- FERC Regulation 18 CFR PART 35
- FERC Regulation 18 CFR PART 284
The following businesses as defined by the
Federal Energy Regulatory
Commission are required to retain their electronic messages.
- Public Utilities
- Natural Gas Companies
- Electric Producers
- Gas and Oil Production and Training
Retention Requirements
The FERC regulations requires each entity under its jurisdiction to have an electronic data (electronic messages) retention policy that archives the electronic data in an encrypted format to WORM (write once read many) media. Data retention time periods vary from five years to six years based upon the type of energy and wholesale versus retail distribution.
To learn how Erado's on-demand electronic message archive, supervisory, discovery, and compliance services can provides your organization with a full featured easy to use solution to ensure that electronic records retention requirement are met please contact us at 866-67ERADO (866-673-7236)