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How New Cyber Incident Reporting Regulations Impact Energy Companies

Entities in the energy industry are subject to a vast amount of reporting regulations. Earlier this year, the Securities and Exchange Commission (SEC) finalized rules regarding the disclosure of cybersecurity attacks, adding...more

Cybersecurity & the Digital Transformation: Key Considerations for Vendor Agreements in the Energy Industry

The energy industry faces unique challenges when it comes to cybersecurity and working with vendors on digital transformation projects. Energy is one of the “critical infrastructure sectors” identified in Presidential Policy...more

FERC Approves Rate Incentives for Cybersecurity Investments

FERC has issued its final rule paving the way for incentive-based rate treatment for electric utilities that make certain voluntary cybersecurity investments. As we first noted in 2020 when describing the proposed rule, the...more

CISA Kicks Off Development of New Cyber Incident Reporting Rules

The Cybersecurity and Infrastructure Security Agency (CISA) issued a request for information (RFI) on the new cyber incident reporting requirements for critical infrastructure owners as required by the Cyber Incident...more

Bipartisan Infrastructure Bill Could Revolutionize the Energy Industry

President Joseph Biden signed the $1.2 trillion Infrastructure Investment and Jobs Act (the Act) on November 15, 2021, which allocates $550 billion in new spending over the next five years to improve US infrastructure,...more

What Does Virginia’s New Data Privacy Law Mean for Energy Companies?

Virginia became the second state in the United States, after California, to pass a comprehensive data privacy law when the Virginia Consumer Data Protection Act (CDPA) passed both houses of the state legislature in February...more

FERC Proposes Incentives for Adding Cyber Protections to Electric Grid

At its December open meeting, FERC proposed to establish rules for incentive-based rate treatments for voluntary cybersecurity investments by a public utility. If approved, the regulations would provide incentives for...more

FERC and NERC Staff Change Course on Disclosure of CIP Violators

Following significant pushback from the regulated community, FERC and NERC Staff jointly announced in a new white paper that filings and other submissions to FERC describing violations of cybersecurity reliability standards...more

FERC Seeks Input on Cyberthreats to Small Generators, Mulls Regulatory Action

At its June 18 open meeting, FERC issued a notice of inquiry seeking public input on cybersecurity-related enhancements to the Critical Infrastructure Protection (CIP) reliability standards. In light of the constantly...more

FERC Defers Implementation of Certain Cybersecurity and Operational Reliability Standards

In an order issued on April 17, the Federal Energy Regulatory Commission (FERC) agreed to defer implementation of certain cybersecurity and operational reliability standards administered by the North American Electric...more

FERC Announces New Initiatives to Bolster Cybersecurity Focus

At its open meeting on November 21, FERC announced organizational changes to enhance the agency’s focus on cybersecurity threats and challenges to electric infrastructure. Commission staff unveiled five “focus areas” related...more

FERC Issues New CIP Compliance Recommendations

FERC Staff issued an October 4 report on Commission-led critical infrastructure protection (CIP) reliability audits completed during fiscal year 2019. The report provides lessons learned and identifies voluntary practices...more

FERC Staff Proposes Risky Plan to Identify Utilities with Cybersecurity Violations

Facing what it deems an “unprecedented number of FOIA requests” for nonpublic information related to utility violations of the North American Electric Reliability Corporation (NERC) critical infrastructure protection (CIP)...more

FERC Approves Expanded Cyber Incident Reporting Requirements for Electric Utilities

FERC recently approved proposed Reliability Standard CIP-008-6, which expands the mandatory reporting requirements for Cyber Security Incidents that attempt to compromise the operation of the bulk power system. Under the new...more

NERC Suggests Expansion of Utility Supply Chain Controls

The supply chain risks facing electric utilities have long been a concern for industry stakeholders and regulators alike. Reflecting those concerns, NERC submitted a report on May 28 to FERC recommending the expansion of...more

FERC Staff Provides Lessons Learned for Electric Utility Cybersecurity

FERC Staff issued a report on March 29 on Commission-led critical infrastructure protection (CIP) reliability audits completed for fiscal years 2016 through 2018. The report provides lessons learned from those audits, as well...more

FERC Proposes to Adopt Electric Supply Chain Cybersecurity Standards

The proposal would adopt NERC standards on accelerated deadlines and expand the scope of covered assets subject to supply chain risk management. If adopted, these standards could significantly alter the electric utility...more

NERC Proposes to Reduce Cybersecurity Risks in CIP Supply Chains

The proposed Reliability Standards focus on vulnerabilities in vendor products and services and would regulate the utility procurement process....more

Highway Bill Adds New Security Measures to Federal Power Act

Amendments to Federal Power Act grant the DOE authority to order emergency protective actions by utilities, provide greater protections for Critical Energy Infrastructure Information, and exempt utilities from environmental...more

FERC Proposes to Approve Overhaul of NERC Cybersecurity Standards

Major revisions to the existing cybersecurity requirements for electric utilities will focus on greater protections for the most critical assets but will also ensure that all assets receive some level of protection....more

President Obama Signs Executive Order on Cybersecurity

Order will create a voluntary Cybersecurity Framework for designated critical infrastructure within a year. On February 12, President Barack Obama signed an executive order directing the Department of Homeland Security...more

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