Electricity Asset Management Plan 2019-2029
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Vector Limited://
standards expected of all workers of Vector Limited and its related companies (“Vector People”) This policy provides Vector’s framework for managing environmental, social and governance risks and opportunities. It includes commitments to recognised international agreements and sets out the key principles by which sustainability will be adopted within the business. This Safety And Operating Plan has been developed for Vector’s electricity network to detail the controls in place to mitigate the risks that have been identified under the hazard and risk assessment processes for minimisation of harm to persons, property, the public and the environment, including emergency response The purpose of this policy is to govern and guide Vector’s key data and information principles and includes everyone’s responsibilities regarding data. Data and Information refers collectively to all records and documents (both physical and electronic) used to describe and document Vector’s business
Sustainability policy
Electricity safety and operating plan
Group Data and Information Policy
Table 3-2 Major asset management policies
STRATEGIES Strategies provide a course of action that stipulates the direction and key processes required. They are strategic documents required to bridge the gap between the criteria detailed in the standards and specifications and the key decision points listed in the policies. Our strategies are listed in Section 7, Appendix 2. STANDARDS Engineering standards and specifications provide the basis for how our network is designed and operated and for the procurement of equipment and plant. Standards and specifications are an integral part of our asset management framework and Vector applies a large number of these standards to the management of our electricity distribution assets. Standards also allow us to ensure any concept design takes the initial hazards into consideration. We also have a process in place to introduce any new asset into the network in a controlled manner to ensure the equipment will comply with our technical objectives and H&S requirements. We draw extensively on AS/NZS and IEC standards for our design, procurement and installation of equipment and plant. Ongoing assessment of design effectiveness reviews are undertaken and used to improve future designs, guidelines and standards. Table 3-3 lists the major standards and specifications that support the design, procurement, supply, commissioning, operation and maintenance of existing, new or replacement assets. Our standards are listed in Section 7, Appendix 2.
SCHEDULE 11A(III) ASSET CATEGORIES
AMP ASSET CATEGORIES
Planning standards (ESP and ENS series)
Planning standards guide the planning and development of Vector’s overall distribution network architecture. These standards work in conjunction with the Security of Supply Standards (SoSS) service level metric to ensure that the network has sufficient capacity and capability to provide the required service levels, enable customer connections, accommodate growth and allow for the orderly and safe connection of distributed generation. These standards also set requirements that enable appropriate operation of the network in accordance with the Network Operating Standards. Technical specifications are listed in Appendix 2 in Section 7. The objective of maintenance is to ensure the realisation of the required safety and reliability levels of the asset at optimum cost. Vector has developed a set of maintenance standards for each major class of asset that detail the required inspection, condition monitoring, maintenance and data capture requirements. Where a cyclic maintenance strategy is applied these standards also set out the maximum maintenance cycle frequency. Maintenance standards are listed in Appendix 2 in Section 7.
Maintenance standards (ENI, ENS and ESM series)
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