NERC NERC Compliance and Enforcement 2

Question 1

NERC's 'spot check' compliance monitoring method is best described as:

Accepted Answer

An unannounced or targeted review of specific standards triggered by events or risk factors

Answer

A scheduled annual audit of all reliability standards

Answer

A review conducted only after a major blackout

Answer

A quarterly financial audit of transmission owners

Question 2

Under the NERC registration process, which entity type is responsible for the reliable operation of the interconnected bulk electric system in real time?

Accepted Answer

Reliability Coordinator

Answer

Transmission Owner

Answer

Balancing Authority

Answer

Planning Coordinator

Question 3

What is the typical duration of a NERC compliance audit cycle for most registered entities?

Accepted Answer

Every 6 years

Answer

Every year

Answer

Every 3 years

Answer

Every 10 years

Question 4

Which NERC standard requires registered entities to maintain an Evidence Retention period for compliance documentation?

Accepted Answer

Every applicable reliability standard

Answer

FAC-001

Answer

PRC-005

Answer

CIP-003 only

Question 5

What is the role of NERC's Electricity Information Sharing and Analysis Center (E-ISAC)?

Accepted Answer

Collecting and sharing cybersecurity and physical security threat information across the electricity sector

Answer

Conducting financial audits of electricity markets

Answer

Approving new generation interconnection requests

Answer

Setting wholesale electricity market prices

Question 6

A 'Notice of Penalty' (NOP) in NERC enforcement is issued when:

Accepted Answer

NERC or a Regional Entity proposes a penalty for a confirmed reliability standard violation

Answer

A violation is resolved through the FFT process

Answer

A utility requests a waiver from a reliability standard

Answer

A new standard is filed with FERC for approval