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ISO 55000: How Municipal Utilities Can Benefit from the Asset Management Standard

October 17, 2018 | 10:00 am CDT

Many existing municipal utilities in North America are challenged with aging infrastructure and limited revenues. In a recent Municipal Electric Utility Asset Management Survey, 13 percent of those surveyed were interested in becoming ISO 55000 certified and six percent confirmed they are certified. The benefits of ISO 55000 asset management implementation are well documented. These include better management of risk, the breakdown of organizational silos with increased alignment around asset lifecycle management, structured training and retention of key skills, and effective prioritization of your investment documentation for key processes and procedures.

Whether municipal utility owners have obtained ISO 55000 certification or not, this webinar provides an essential overview of ISO 55000 good asset management practices.

What We Will Cover

  1. What are the processes, procedures and controls to achieve best asset management practices?
  2. What is required of municipalities to achieve best asset management practices?
  3. How will municipalities realize the benefits from ISO 55000 asset management practices?


Rheal Caron, ABS Group

Rheal Caron is Director of Power Advisory Services at ABS Group. Caron has 30 years of experience working in the Utilities and Independent Power Producer (IPP) industry. His experience includes due diligence for power plant acquisitions and divestitures, major maintenance outages, alignment of acquired assets with corporate procedures, risk management, project management and NERC compliance. Previously, Caron served as power plant manager, director of operations and director of asset management. He has worked as a project manager for utilities to implement the ISO 55000 asset management standard program and works closely with the ISO 55000 auditors at ABS Quality Evaluations, a subsidiary of ABS Group providing management systems certification services.

About ABS Group

ABS Group of Companies, Inc. (, through its operating subsidiaries, provides data-driven risk and reliability solutions and technical services that help clients confirm the safety, integrity, quality and efficiency of critical assets and operations. Headquartered in Spring, Texas, ABS Group operates with more than 1,000 professionals in over 20 countries serving the marine and offshore, oil, gas and chemical, government and industrial sectors. ABS Group is a subsidiary of ABS, one of the world's leading marine and offshore classification societies.

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