This article reports a survey which sought to ascertain the level of knowledge and application of an Enterprise Risk Management (ERM) policy framework within the Electricity Supply Industry (ESI) in Lesotho on the part of the management, staff and the general public. The introduction sets the tone and scope of the study by setting out the basis of the argument and outlining the pertinent points of discussion. It looks at the three important companies in the industry, namely: the Lesotho Electricity and Water Authority (LEWA), the Lesotho Electricity Corporation (LEC) and the Lesotho Highlands Development Authority (LHDA).