What does the NERC Reliability Assurance Initiative (RAI), proposed CMEP changes, Actively Monitored List (AML) and the tiered approach to auditing mean to registered entities?

What are the major differences between the current ‘zero defect’ and NERC’s proposed Reliability Assurance Initiative (RAI)?

How will regional entities (best guess) conduct risk-based assessment and compliance monitoring using GAGAS (Yellow Book)?

What are Yellow Book and Red Book Auditing and how will performance and effectiveness audits impact registered entities?

What do fundamental concepts and terms mean such as RAI, risk based decision making, risk assurance, inherent risk, residual risk, risk frameworks, CIP GAGAS, etc

How does the registered entity design, develop, deploy, and assure an adequate control framework and mitigating risk – controls?

What should registered entities do NOW to prepare for RAI and what would an action plan for the next six months and year look like?