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Building off its White Paper issued last summer, the Federal
Energy Regulatory Commission (FERC or the "Commission")
has proposed changes to its regulations that would encourage more
robust investment in cybersecurity infrastructure. The notice of proposed rulemaking (NOPR) provides
incentive rate treatment for voluntary utility investments that go
"above and beyond" FERC's mandatory cybersecurity
standards. Comments on the NOPR are due April 6.
The Commission's Critical Infrastructure Protection (CIP)
Reliability Standards require users, owners and operators of the
"bulk-power system"
1 to safeguard
critical cyber assets. FERC categorizes assets based on the risk to