This article describes the five-year implementation of enterprise risk management at Hydro One, a Canadian electric utility in a newly deregulated market. Starting with the creation of the position of Chief Risk Officer and the implementation of a pilot risk study involving one of the firm's...

A well-designed and carefully executed ERM program can increase firm value by strengthening the confidence of investors in management's ability to carry out its business plan-and, perhaps equally important, the rating agencies' confidence in the company's ability to meet its debt service-under...