While it is essential to recognize the importance of legislation, given its complexity, we need to appreciate that sound practices also could be as satisfactory.
To help manage a regional event, the white paper sets out as a sound practice that financial utilities should plan to recover and fully resume operations on an intraday basis. The paper notes that an emerging sound practice is for these utilities to plan to recover and to resume operations within two hours or less. Of course, actual recovery times will depend on circumstances.