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ARTICLE · 27 SEPTEMBER 2022

FERC Again Proposes Incentives For Voluntary Cybersecurity Investments

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On September 22, 2022, the Federal Energy Regulatory Commission (FERC or the "Commission") issued a Notice of Proposed Rulemaking (NOPR) proposing revisions...

United StatesTechnology

On September 22, 2022, the Federal Energy Regulatory Commission (FERC or the "Commission") issued a Notice of Proposed Rulemaking (NOPR) proposing revisions to its regulations to establish rate incentives for public utilities to make investments in advanced cybersecurity technologies and participate in cybersecurity threat sharing information.1

The NOPR represents the Commission's latest step towards implementing the requirements of the Infrastructure Investment and Jobs Act of 2021, which amended the Federal Power Act (FPA) to add Section 219A, "Incentives for Cybersecurity Investments."2 Section 219A of the FPA requires the Commission to establish a framework for incentive-based rate treatments for the transmission and sale of electric energy at wholesale in interstate commerce to encourage investments in advanced cybersecurity technology and participation in threat information sharing programs.3 In May 2022, FERC delivered a report to congress outlining the

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