Early adopter enterprise risk management, energy giant Hydro One expected new threats and opportunities in the industry, who are faced with climate change and carbon legislation, deregulation of electricity markets, and greater adoption of renewable technologies. General Director Laura felt Formusa Hydro One in risk has shifted to the extent that she had to ask myself - was a logical strategy? Case provides a rich description of Enterprise Risk Management in action, and shows how Hydro One leaders to come to a common understanding of the company's risks. In the narrative of the various managers (director, finance director, head of public relations and chief regulatory officer) to express their views on the risks, which collectively several prospective stakeholders to risk. The case challenges students to define the problems and risks that the company faces, given the strategic objectives of its emerging risks, and environmental change. The case also offers a discussion of the basis for determining the role of the principal risks and the relationship between risk management, strategic planning and capital budgeting. "Hide
by Anette Mikes Source: Harvard Business School 22 pages. Publication Date: July 3, 2008. Prod. #: 109001-PDF-ENG