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FERC Reliance on Ratepayers To Fund Utility Cybersecurity Insufficient To Meet Rising Threat, Analysts Say, Utility Dive

February 19, 2021

Morgan Lewis partner Daniel Skees was quoted in a Utility Dive article about the Federal Energy Regulatory Commission’s (FERC’s) plan to offer incentives to utilities making cybersecurity investments that exceed mandatory Critical Infrastructure Protection (CIP) reliability standards. There are, however, many utilities not subject to FERC's jurisdiction and so many say the proposed incentives could be limited. "FERC, statutorily, can't offer incentives to a lot of utilities because they are not subject to the commission's ratemaking authority," said Daniel. He explained that delays are not uncommon and as a result FERC can't apply it as broadly as it would like.

Read the Utility Dive article >>