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Power & Pipes

FERC, CFTC, and State Energy Law Developments

Cyber attacks are increasingly becoming a regular part of an electric utility’s day-to-day business risks. News agencies provide an ongoing stream of reports on the increasing sophistication and danger of these attacks: 30,000 workstations disabled By a malicious virus at a Saudi oil firm, a generator’s control system infected By malware carried on a USB drive, and a generator restart delayed for three weeks By a malware inadvertently uploaded to control systems By a technician. Of the cyber incidents reported to the Department of Homeland Security’s Industrial Control Systems Cyber Emergency Response Team (“ICSCERT”) between October 2011 and September 2012, forty one percent of incidents involved the energy sector, By far the largest number of incidents By sector.