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Technology Stocks : REFERENCE

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To: C.K. Houston who wrote ()1/3/1998 8:41:00 AM
From: C.K. Houston   of 411
 
Despite the ENERGY industry's best attempts, there will probably still be problems that will not be resolved necessitating some degree of emergency & disaster planning.
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EPRI Y2K Workshop (Sept '97) Next Workshop January '98
165 people attended, representing:
- Over 50 domestic utilities
- Four international utilities
- The NRC (Nuclear Regulatory Commission)
- Three competitive power producers
- One major oil company
- Three paper companies
- One newspaper
- Two major I&C system providers
- Six consulting organizations
Attendees:
epri.com

SUMMARY

- The Y2K problem is very real and the embedded systems portion has received relatively little attention compared with the software problems.

- Billions of dollars potentially at risk for both our customers and their customers.

- Problem is pervasive through out our industry, the industries we serve and those which serve us.

- Problems are very complex, system and application specific, and not amenable to a single "silver-bullet" solution.

- Clock is ticking relentlessly and the sense of urgency among our customers is intense.

- Because of the uniqueness of this problem and the rapid pace of evolution of the problems and methods of dealing with those problems, the time value of information is measured in days and weeks rather than months and years, e.g. the best possible information has little value if delivered too late in the work flow.

- Problems represent a common threat to the entire electricity enterprise requiring cooperation to provide industry-wide Y2K compliance and at the same time requires collaboration to achieve the most effective use of industry resources.

- Despite the industry's best attempts, there will probably still be problems that will not be resolved necessitating some degree of emergency & disaster planning.

Electric Power Research Institute
Created by U.S electric utilities in 1973, EPRI is one of America's oldest and largest research consortia, with some 700 members and an annual budget of about $500 million. Linked to a global network of technical specialists, EPRI scientists and engineers develop innovative solutions to the world's toughest energy problems while expanding opportunities for a dynamic industry.
epri.com
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