Coordinating a multitude of complex matters.
For clients who do business in highly regulated industries, tracking compliance requirements by jurisdiction can be a complicated, time-consuming effort. An energy client retained Alston & Bird to help manage the financial assurance requirements and instruments necessary for each of their facilities, which were subject to federal regulations as well as requirements that differed by state.
Individual tracking for easier adjustments.
Alston & Bird analyzed all requirements and developed a secure tool with a custom database to track financial assurances and instruments by facility. The solution includes:
- Complex database calculations to determine the financial assurance amounts.
- Tracking of renewal dates and inflation adjustments dates.
- A user-friendly wiki that made it simple for anyone to perform analysis of federal and state requirements
- Notifications that verified the appropriate financial assurance was in place for each facility.
Peace of mind through total visibility.
The tool provided visibility for the client and the Alston & Bird legal team of upcoming deadlines for renewal and other tasks, eliminating the friction normally associated with recurring compliance tasks.