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A power utility risk register should do more than document risk. It should help leaders understand what is changing, why it matters, and which actions will reduce exposure most effectively.

A practical guide to selecting indicators, setting thresholds, and connecting early warning signals to accountable action. Quick answer: A key risk indicator (KRI) is a measurable signal that shows whether a utility's exposure is increasing, approaching a limit, or changing faster than expected. A useful KRI has a defined calculation, data owner, threshold, review frequency, escalation path, and decision tied to the result. Power utilities do not lack data. They often lack

Power utilities rarely have the budget, labor, outage windows, or spare equipment required to address every aging asset at once. The central planning question is therefore not simply, “Which assets are old?” It is, “Which actions will reduce the most risk, at the right time, for the resources available?”