SystemAsset Management & Maintenance

Asset Health Index

An asset health index for every transformer, breaker, cable, pump and main — each score traced to its test, its reading and its page

The same capital budget removes 2.5× the risk, every score traced to its evidence.

See one case, screen by screen ↓
target2.5×the risk removed for the same $52.8M budget, against replacing by age — on the sample fleet, $16.9M of monetised risk removed over 2027–2031 against $6.7M
estimated$26.4Mof replacements the plan supports deferring — 4 of the 8 oldest grid transformers still score 64–71; 4 units × $6.6M installed
demo1of 64grid transformers left in the red corner in 2031 under the risk-ranked plan, against 12 if nothing is done and 8 if replaced by age
target100%of score deductions traced to their test, reading and page — 7 of 7 on Ferncliff T2
The problem

Why replacement priorities still fall back on age

The condition evidence for one grid transformer comes from at least five places: the oil laboratory's certificates for dissolved gases, furans and moisture, two to four a year; test reports for bushing power factor, winding resistance and the tap changer; thermal surveys; load and hot-spot temperature in the historian; and the work order history in the EAM. Most of it arrives as PDF and is retyped months late, or not at all, so it is rarely put side by side.

So the capital plan replaces the oldest units first. On the sample fleet, an age-based plan spends $52.8M replacing the eight oldest grid transformers — four of which still score healthy — and misses Ferncliff T2, which is younger but has rising thermal gases and aged paper. The cost of guessing wrong is a failed transformer at peak with a lead time of about 120 weeks for a new one, and a plan the regulator can question because it cannot be traced to evidence.

typical~120weeksaverage lead time for a power transformer in 2024, up from about 50 weeks in 2021
typical60–80%rise in power transformer prices since 2020
Where the working days go in one asset class's five-year planestimated
By hand43 days
With the solution9 days
  • Collecting lab certificates, test reports, surveys and load history per asset15 → 2 d
  • Retyping readings into the register and the scoring spreadsheet8 → 1 d
  • Scoring condition and agreeing it with the reliability engineers6 → 2 d
  • Setting criticality from customers, critical sites and redundancy4 → 1 d
  • Building and comparing plan options against the budget envelope6 → 2 d
  • Writing the justification for the capital planning board4 → 1 d

Estimated split for one asset class's condition review and capital plan, in working days, by hand and with the solution.

How it works

How evidence becomes a plan

Six specialist agents read the evidence, score, rank and forecast every asset; the asset manager signs the plan.

What comes in
Evidence in5 sources · register, oil lab, tests, historian, failures
Agents at work
Evidence readervalues + pages
Then
Oil and gas interpreter
Health scorer
Criticality assessor
Then
Forecasterto 2031
Then
Plan builderrisk per dollar
A person decides
Asset managersigns the scores and the plan
What comes out
Health score 1–100
Risk matrix to 2031
Signed capital plan
One case, step by step

One transformer, from an oil certificate to a signed capital plan

Monday 12 October 2026 at Lumina Utilities. The 2027–2031 capital plan for 64 grid transformers is due at the capital planning board on Thursday 29 October. Ferncliff T2 — 132/33 kV, 90 MVA, built by Calder Electric in 1979 — dropped three points overnight. Here is what happens next, screen by screen, in the working solution.

  1. 01Monday morning

    The day opens on the risk matrix

    Imran Aziz · Asset Manager, Substations

    Imran owns the 64 grid transformers and their five-year plan. They sit as dots on a 5×5 matrix, health from H1 Good to H5 Very poor down the side and criticality from C1 Low to C5 Extreme across. Three sit in the red corner today — Dunmore T1 at 24, Ferncliff T2 at 31 and Saltmarsh T3 at 36 — carrying $3.9M a year of monetised risk.

    In the red corner: “3 transformers with health below 40 and criticality 60+” · $3.9M a year, probability × consequence

  2. 0205:30 overnight

    Twenty-three documents read before anyone arrived

    Evidence reader

    The nightly run read 23 new documents — 9 lab certificates, 6 test reports, 3 thermal surveys and 5 work order closeouts — and tied each value to its asset. Four scores changed. Ferncliff T2 went from 34 to 31 on Brightwater Oil Laboratories certificate BOL-26-44817, and two changes of more than 10 points went to a reliability engineer instead of the plan.

    “Health scorer re-scored 1,656 assets · 4 scores changed · Ferncliff T2 34 → 31”

  3. 03The oil result

    Ethylene at 182 ppm, Duval zone T3

    Oil and gas interpreter

    The certificate for the sample taken on 14 September shows ethylene at 182 ppm against Lumina's alert limit of 50, up from 98 in March, with methane at 96 and acetylene at 1. The interpreter places it in zone T3 of Duval triangle 1 — a thermal fault above 700 °C — and works out the rise at about 14 ppm a month. The values it used are highlighted on the page.

    Lab interpretation: “Duval triangle 1, zone T3 — thermal fault above 700 °C … Recommend resample in 4 weeks.”

  4. 04Why 31

    Seven deductions, each with its source

    Health scorer

    Health starts at 100 under scoring method v3.2. Dissolved gases take 22 of a possible 30, paper insulation 14 for 2-FAL at 2,140 ppb (a degree of polymerisation of about 370), age 9 for 47 years against a 45-year design life, and load 8 for a 94% summer peak with a 118 °C hot-spot. The tap changer, bushings and moisture take the rest: 69 points, a score of 31, H4 Poor.

    “7 deductions · every one opens to its page”

  5. 05Re-scored on request

    Criticality 88, and 12 by 2031 if nothing is done

    Criticality assessor and Forecaster

    Ferncliff T2 serves 41,800 customers, Northgate General Hospital and Lumina's own Ferncliff water treatment works (120 Ml/d). Its sister unit T1 carries only 78% of peak alone, and its 38,000 litres of oil sit 60 m from Ferncliff Brook: criticality 88, Extreme. The forecaster takes it to 12 by 2031, with the probability of failure rising from 2.9% to 11.4% a year.

    “Forecaster projected to 2031 · health 12 by 2031 if nothing is done · failure 2.9% → 11.4% a year”

  6. 06Before it reaches the plan

    A drop of more than 10 points waits for an engineer

    Dr. Leah Morrow · Reliability engineer, transformers

    Test report TR-2026-7716 on Corran T1 reads contact wear of 85% and arcing marks on the tap changer selector. The health scorer moves it from 61 to 50, but 11 points is more than the 10 the settings allow, so the change waits, with one button to ask Leah to confirm it and one to reject the reading.

    “More than 10 points, so it waits for a reliability engineer before it reaches the plan.”

  7. 07Slider to 2031

    Nine more transformers slide into the red corner

    Forecaster

    Imran drags the year slider to the end of the plan period. With no plan, every dot moves to where its forecast puts it, trails showing the path from 2026. Dunmore T2, Wexley T2, Kestrel Bay T1, Ashby Vale T1, Corran T1, Brackenridge T2, Northgate T3, Saltmarsh T1 and Holloway T1 join the three already there: 12 in all, and $10.7M a year of risk.

    “12 · +9 since 2026 · transformers with health below 40 and criticality 60+”

  8. 08Risk-ranked plan

    The matrix becomes the capital plan

    Plan builder

    Switched to the risk-ranked plan, replaced units jump back to the top, refurbished ones rise a band and monitored ones carry a ring. One transformer is left in the red corner in 2031 — Kestrel Bay T1, on an online gas monitor from 2027 and due for replacement in 2032 — and the class's monetised risk falls to $3.6M a year. Ferncliff T2 reads 96 in 2031.

    “1 · −2 since 2026 · transformers with health below 40 and criticality 60+”

  9. 09Three plans, one budget

    Same $52.8M, 2.5 times the risk removed

    Tomás Reyes · Capital planner

    The capital plan puts three options side by side. Replacing the eight oldest removes $6.7M of risk over 2027–2031 and leaves 8 in the red corner. The risk-ranked plan — 7 replacements, 6 refurbishments and 10 gas monitors — removes $16.9M, leaves 1 and defers 4 healthy units worth $26.4M. Ferncliff T2's order goes in by February 2027 to meet the 120-week lead time.

    “Total $52.8M of the $52.8M envelope · risk removed 2027–2031 $16.9M · 2.5× replacing by age”

  10. 10Signed

    Imran signs and sends it to the board

    Imran Aziz · Asset Manager, Substations

    The sign-off shows what he is signing: $52.8M, 23 interventions and 1 transformer in the red corner in 2031, built on 64 scores with every deduction cited. The two score changes still waiting for Leah are left out of the evidence pack. The first order to place is Saltmarsh T3 in November 2026, and his note to the board says Ferncliff T2 must be ordered by Feb 2027 to meet the 2029 summer.

    The plan builder recommends; the asset manager signs and the capital planning board approves the spend.

Who it’s for

Built for everyone who stands behind a replacement decision.

The same transformer, seen by the five people who score it, plan it, defend it and test it — what their month looked like, and what it looks like now.

IA
Imran AzizAsset Manager, Substations · signs the scores and the plan
Asset manager
Before
Owns 64 grid transformers and their 2027–2031 plan, with condition evidence spread across lab PDFs, test reports and the historian. “I can't take ‘it's old’ to the board. I need to show why this one, this year.”
Now
Opens the fleet on a health × criticality matrix, drags it to 2031, and signs a plan ranked by risk removed per dollar with every score's evidence behind it.
LM
Dr. Leah MorrowReliability engineer, transformers · confirms changes over 10 points
Reliability engineer
Before
Reads oil results and test reports one at a time. “The gases were in the lab certificate in September. Nobody put them next to the load.”
Now
Gets only the score changes that need her judgement, each with the reading, the page and what the agents concluded, and confirms or rejects them before they reach the plan.
TR
Tomás ReyesCapital planner · builds the five-year plan
Capital planner
Before
Builds the plan and the budget envelope in spreadsheets. “Give me risk removed per dollar and I'll fight for the money.”
Now
Compares do nothing, replace by age and the risk-ranked plan on one screen, switches any intervention off to see how the red corner in 2031 changes, and sees spend by year against the envelope.
GA
Grace AdeyemiHead of regulatory affairs · reads and exports
Regulatory affairs
Before
Defends the plan in the price review. “Every number the regulator asks about must open to its source.”
Now
Opens any deduction to the lab certificate, test report or register page it came from, with the values used highlighted.
OP
Owen PryceSubstation maintenance supervisor · uploads tests
Maintenance supervisor
Before
Raises tests and closes work orders. “We test it, we file it, and it sits in a PDF.”
Now
Uploads test and inspection reports; each one is read as it arrives, tied to its asset and shown with the score it moved.
Built on the engine

6 agents. Each with one job, and hard limits.

Six specialist agents read the evidence, score, rank and forecast every asset; the asset manager signs the plan.

Evidence reader

Reads lab certificates, test and inspection reports, thermal surveys and work order closeouts as they arrive, extracts every measured value with its unit, date and page, and ties it to the asset by serial number, site and position.

  • Never infers a value that is not on the page
  • Never links a document without a matching serial or site — an unmatched document goes to the asset reports inbox for a person
Oil and gas interpreter

Interprets dissolved gases and furans with IEEE C57.104 and IEC 60599: each gas against the alert and action limits, its monthly rate of change, Duval triangle 1 and Rogers ratios, and 2-FAL converted to a degree of polymerisation.

  • Never overrides the lab's own sample-quality flag
  • Asks for a resample when results conflict
Health scorer

Starts at 100 and deducts up to each condition factor's weight under the approved scoring method, listing every deduction with its source page. Where a factor has no evidence it scores from age and labels the score estimated.

  • Never changes a weight or a limit — the method is set and approved in Scoring
  • A change of more than 10 points waits for a reliability engineer
Criticality assessor

Sets each asset's consequence of failure, from 1 to 100 and in dollars, from customers served, critical sites, network redundancy, environment and safety, using the network model and the critical customer list.

  • Never lowers criticality for a site on the critical customer list
Forecaster

Projects health and probability of failure year by year to the end of the plan period from age, load growth and condition trends, drawing on the failure history from 1996 to 2025 — the grid transformer failure curve is calibrated on 31 failures.

  • Never shows a forecast without its assumptions
Plan builder

Chooses the replacements, refurbishments and gas monitors that remove the most monetised risk inside the budget envelope, checks supplier lead times and outage windows, places each order date, compares the plan with doing nothing and replacing by age, and drafts the justification.

  • Never commits spend — the asset manager signs and the board approves
  • Every number in the justification is cited
Asset manager

Signs; engineer confirms big changes; board approves. The agents propose; a named person decides.

Ask in plain words

Ask about any asset, score or forecast

Ask about any asset, score or forecast in plain words, or say what to change in the plan. Every answer points to its evidence.

Why is Ferncliff T2 scored 31?

Seven deductions take it from 100 to 31. The largest are its gases: ethylene is 182 ppm, rising 14 ppm a month, and the Duval triangle puts it in zone T3, a thermal fault above 700 °C, so 22 points. Its paper is aged: 2-FAL 2,140 ppb, about DP 370, 14 points. It carried 94% of nameplate on 22 Jul with a hot-spot of 118 °C. With criticality 88 — 41,800 customers, the hospital and the water works — that is $423K a year of risk.

Which grid transformers reach the red corner by 2031 if we do nothing?

Nine join the three already there, so 12 by 2031: Dunmore T2 (41 → 15), Wexley T2 (42 → 20), Kestrel Bay T1 (44 → 20), Ashby Vale T1 (47 → 26), Corran T1 (50 → 27), Brackenridge T2 (50 → 32), Northgate T3 (48 → 32), Saltmarsh T1 (56 → 38) and Holloway T1 (52 → 38). Monetised risk for the class rises from $3.9M to $10.7M a year.

How does the risk-ranked plan compare with replacing by age?

Both spend $52.8M. Replacing the eight oldest leaves 8 in the red corner in 2031 and removes $6.7M of risk over 2027–2031; the risk-ranked plan leaves 1 and removes $16.9M, 2.5× as much. It defers four old units that still score 64–71 ($26.4M) and replaces Ferncliff T2, which age misses.

Bring Kestrel Bay T1’s replacement forward to 2031

Added. Brought forward from 2032 to 2031 it costs $6.6M, and the order must be placed by Feb 2029 for the 120-week lead time. The red corner in 2031 drops to 0, but the plan is now $6.6M over the $52.8M envelope. Switch a line off, or take the difference to the board.

Every screen

The working solution, as it ships.

13 screens from the working solution, on its sample data. Pick one to see it large.

The risk matrix64 grid transformers on a health × criticality matrix, the year slider and plan switch, the red corner with its monetised risk, and the selected transformer's largest deductions.
Evidence read as it arrivesEvery lab certificate, test report, thermal survey and work order closeout, tied to its asset and the score it moves, with the document beside it.
The source pageThe oil laboratory certificate behind the gas deduction, with the values used highlighted.
One asset's scoreHealth, probability of failure, criticality and monetised risk; every deduction with its reading and source; the forecast to 2035 and the order date for a new unit.
How the score was madeThe criticality breakdown, each agent's step in the re-score, and the score history with the gas that moved it.
Waiting for an engineerA tap changer test that drops a score by 11 points, held for the reliability engineer to confirm or reject.
The fleet in 2031Moved to 2031 with no plan: nine more transformers in the red corner, each with its trail from 2026.
The plan on the matrixThe risk-ranked plan replayed to 2031: replaced, refurbished and monitored units, and one transformer left in the red corner.
The capital planDo nothing, replace by age and the risk-ranked plan side by side; every intervention with its year, order date, cost and risk removed; spend by year and the drafted justification.
Sign and send to the boardWhat is being signed, the scores behind it, the changes left out of the evidence pack, the first order and a note to the board.
Six asset classes1,656 assets — transformers, breakers, cable, pumping stations and trunk mains — with their health bands today and in 2031, red corner and risk a year.
The scoring methodCondition factor weights, dissolved gas limits based on IEEE C57.104 and IEC 60599, and the criticality factors, under an approved version.
Your rulesThe red corner, the forecast horizon and load growth, who confirms score changes and who signs the plan.
Governance

Built to be defended: cited, confirmed, signed.

Every point opens to its pageEach deduction names its document — the lab certificate, test report, register entry or historian extract — and opens to the page with the values used highlighted. A score with no condition evidence is shown as estimated from age, never as measured.
An engineer confirms the big changesA score change of more than 10 points waits for the reliability engineer before it reaches the plan. Anyone can challenge a score; the challenge goes to the engineer with the evidence, and the score stays as it is until she decides.
The asset manager signs, the board approvesThe plan builder recommends. The asset manager signs the risk-ranked plan, and the capital planning board approves the spend. A signed plan cannot be changed — a change opens a revision for the board.
Agents never commit spend or change the methodNo agent can approve a plan or commit spend, change a factor weight or a gas limit, or lower the criticality of a site on the critical customer list.
A versioned, approved scoring methodGrid transformers are scored with method v3.2, approved by the asset manager on 2 Jun 2026. A weight change is previewed on the fleet and proposed as a new version for approval before it applies.
Every reading, score and signature on the trailEach document read, each score change, each confirmation or rejection and each signature is recorded with who did it and when. Settings changes are versioned and on the audit trail too.
Configuration

Your risk appetite and sign-off rules, not ours

The red corner, the forecast, who confirms a score and how often the fleet is re-scored are settings, chosen by the asset management team.

SettingDefaultChoose from
Red corner — health below40Steps of 5 on the 1–100 health scale
Red corner — criticality at or above60 (Very high and Extreme)40 (High and above) · 60 (Very high and Extreme) · 80 (Extreme only)
Forecast horizon2031 (end of the plan period)2029 · 2031 (end of the plan period) · 2036 (ten years)
Load growth in the forecast1.8% a year1.2% a year · 1.8% a year · 2.5% a year (electrification case)
Score change that needs an engineerMore than 10 pointsMore than 5 points · More than 10 points · Any change of band
Reliability engineerDr. Leah MorrowDr. Leah Morrow · Samir Haddad — confirms score changes for transformers and breakers
Scores without evidenceOnOn · Off — when on, an age-only score is shown as estimated, never as measured
Nightly re-scoreEvery night at 05:30Every night at 02:00 · Every night at 05:30 · Weekly, Sunday 05:30
Connections

Works with the records your asset decisions already rest on

EAM / CMMS asset registernameplate, install date, location and design life, read nightly
Oil laboratoryDGA, furan and moisture certificates by email and secure upload
Test and inspection reportscontractor PDFs, thermal and condition surveys, sent to the asset reports inbox
Historian and SCADAload, top-oil and hot-spot temperature at 15-minute values
Failure records and work orderspast failures that calibrate the failure curve, and work order closeouts
Network modelcustomer counts, critical sites and redundancy for criticality
What it changes

The difference, in numbers.

Every figure is labelled: a target the solution is built to, an estimate, a typical published result, or a proven one.

target
2.5×
the risk removed for the same capital budget, against replacing by age
Replace by ageRisk-ranked
estimated
$26.4M
of replacements deferred on transformers that still score healthy
4 of the 8 oldest
score 64–71, deferred
target
100%
of score deductions traced to their test, reading and page
7 of 7 deductions
cited on every score

“demo” = seen in the working solution, on its sample fleet · “target” = the design goal, measured in the live solution · “estimated” = our arithmetic, inputs shown ($26.4M = 4 units × $6.6M installed, the sample fleet's quoted unit cost; the working-days split is our estimate) · “typical” = published figures (Wood Mackenzie: power transformer lead times about 120 weeks in 2024, up from about 50 in 2021; prices up 60–80% since 2020). Standards named as context: IEEE C57.104 (2019), IEC 60599, the UK common network asset indices method (CNAIM v2.1). Lumina Utilities and the people, sites, suppliers, laboratory and records named on this page are fictional — characters and sample data in the working solution.

Questions

What asset managers ask us.

What is an asset health index?

An asset health index is a score of each asset's condition — here from 1 to 100 — built from its test results, inspections, age and load. Put next to criticality, the consequence of failure, it shows which assets carry the most risk. Asset Health Index scores every asset this way and shows the evidence behind every point.

How does Asset Health Index work?

Six agents read each lab certificate, test report, thermal survey and work order closeout as it arrives, interpret the oil results, score the asset under your approved method, set its criticality and forecast it to the end of the plan period. The fleet sits on a health × criticality matrix, and the plan builder ranks interventions by risk removed per dollar. People confirm, sign and approve.

How is a transformer health index calculated?

Health starts at 100 and each condition factor deducts up to its weight: dissolved gases 30, paper insulation 20, age 15, load and temperature 10, tap changer 10, bushings 8, moisture in oil 5, visual and thermal 5. Gases are judged with limits based on IEEE C57.104 and IEC 60599, including the Duval triangle; furans give the degree of polymerisation. The weights and limits are yours to set and approve.

Is it only for transformers?

No. The sample utility scores 1,656 assets in six classes with one method: grid and primary transformers, 132 kV circuit breakers, 33 kV underground cable, water pumping stations and trunk water mains. Each class has its own condition factors and its own forecast to 2031. Across the six, the red corner holds 25 assets today and 86 by 2031 if nothing is done.

Can it support deferring a replacement?

It shows the case. In the sample fleet, four of the eight oldest grid transformers still score 64–71, so the risk-ranked plan defers them ($26.4M) and spends the money where the risk is. A deferral is only real when your planning team and the board accept it — every score behind it opens to its evidence.

Does it plan around transformer lead times?

Yes. The plan builder checks supplier lead times and outage windows and places each order date. With a quoted 120 weeks for a 90 MVA unit, Ferncliff T2's replacement must be ordered by Feb 2027 to be in service for the 2029 summer.

Do people stay in control of the scores and the plan?

Yes. A reliability engineer confirms any score change of more than 10 points, the asset manager signs the plan and the capital planning board approves the spend. Agents never commit spend, change a weight or a gas limit, or lower the criticality of a site on the critical customer list.

How long does it take to go live?

The Agentic Solution Engine builds and deploys it from your requirements and documents — your asset register, scoring method, oil results, test reports and failure history — and it goes live once every quality gate has passed. We will walk you through it on your own fleet first.

See it on
your fleet.

We'll run Asset Health Index on a sample of your own asset register, oil results and test reports.