Federal energy regulators propose rule to encourage voluntary investments in cybersecurity

The Federal Energy Regulatory Commission is proposing a new incentives program for voluntary utility investments in cybersecurity technology or information sharing, under a congressional mandate spelled out in the 2021 infrastructure law.

The Notice of Proposed Rulemaking was published today in the Federal Register, with public comments due in 30 days and reply comments due 15 days after that.

Under the proposed “regulatory framework,” eligible investments must “materially improve cybersecurity through either an investment in advanced cybersecurity technology or...