Energy industry resists regulators' offer to consider cyber investments in cost recovery, new incentives

Energy-sector regulators laid out a table of possible ways the industry could be further incentivized to invest in cybersecurity -- including for their own communications network -- or to recover such costs, but industry representatives showed no appetite, stressing instead a need for timely attention to existing cybersecurity standards and cost-recovery mechanisms.

“The question on the agenda for the panel suggests that a new incentive program might be needed to ensure security related investments,” Christopher Crane, president and CEO of...