Hydro-Québec TransÉnergie invests close to $2 billion in the development, modernization and long-term operability of the power system on an annual basis. We needed a tool to help us plan and manage those investments more strategically—across various stakeholder groups and approval levels throughout the company. With Copperleaf’s C55 solution, we have aligned our investment planning and management process with best practices, to ensure that our capital investment projects fully support our corporate goals, and that our planning processes factor in all of the resources—financial, labour and materials—required to execute those projects.

Designing an investment plan that enables Hydro One to balance the needs and preferences of our customers, our assets and our company, today and for the future, is extremely important to us. Copperleaf’s C55 solution has enabled us to determine the optimal investment approach in the face of competing objectives, and make better investment decisions that support achieving our goals.

Quantifying the benefits in terms of hard numbers isn’t an easy task. How exactly can you measure how much risk has been avoided? What we do know is this: We’ve aligned our procedures with best practices outlined in the ISO 55000 asset management standard. We now have a transparent picture of all of our major asset classes, and can compare different investment scenarios for both short-term and long-term planning to help us make the best use of our resources. Overall, it’s given us greater confidence in our decision making, and our ability to plan for the future.