FERC approves proposed rule to create ‘incentive-based rate treatment’ for utilities making cyber investments

The Federal Energy Regulatory Commission has approved a notice of proposed rulemaking to create incentives based on rate treatments for utilities that make investments in improving cybersecurity, taking the first step to fulfill a requirement from the 2021 infrastructure law.

“In the Infrastructure Investment and Jobs Act of 2021, Congress directed FERC to revise its regulations to establish incentive-based rate treatments by encouraging utilities to invest in advanced cybersecurity technology and participate in cybersecurity threat information sharing programs,” the commission...