Industry Reports Progress On Y2K Efforts
Almost a third of gas and oil companies surveyed expect to have
completed Year-2000 (Y2K) remediation by the end of the year,
according to the results of a new survey by the Natural Gas Council
(NGC). It further found that 73% said they would be ready by June
1999, while all respondents indicated they would be prepared by
The survey results were presented during a recent conference
sponsored by the Federal Energy Regulatory Commission on the Y2K
problem confronting the energy industry, specifically whether
computers will be able to recognize the "2000" date and work.
Along with the American Petroleum Council (API), the NGC
surveyed more than 800 gas and oil companies to assess the progress
that their industries have made on the Y2K problem and to ensure
that all industry systems are ready for the date rollover on Jan.
1, 2000. Specifically, the survey results, as of this month,
revealed that 36% were in the process of remediation, or fixing,
their computer software to accommodate the Y2K date, while another
19% were in the process of validating the results of their work.
As for embedded hardware systems, 28% of the industry
respondents said they were assessing the problems while 26%
indicated they were in the process of fixing their systems. Another
14% said they were currently validating the results of their work.
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