On April 20, 2023, the FERC approved a final rule that provides incentive-based rate treatment for utilities making certain voluntary cybersecurity investments. Under the Infrastructure Investment and Jobs Act of 2021, Congress directed the FERC to update its regulations to establish incentive-based rate treatments, encouraging utility companies to invest in advanced cybersecurity technology. The act also directs the FERC to participate in cybersecurity information-sharing programs, which would protect and benefit consumers.
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