Federal incentive payment of 1.8 cents/kWh for the generation of renewable energy—part of The Energy Policy Act of 2005—increases the economic attractiveness of many potential hydro sites,...
Deadline Looms for New Cyber-Security Standard
NERC's proposal has the industry scrambling.
the industry on a solid footing. … but it's not just a technical issue. What it comes down to is, what are people willing to pay in order to have the power system secure? There's a limited pot of money, so people are always going to have to make judgments from an economic sense, and sometimes from a political sense because regulations do carry some weight.
"That's how the industry is going to make a decision. They're going to weigh all these things and say, what are the costs if we implement this, and what are the costs if we don't implement it-just like any other business would.
"But I'm personally hoping the standards pass because it would give us a good basis for getting the industry toward a safe footing."
Bowe-also a member of NERC's Critical Infrastructure Protection Committee (CIPC)-adds that the NERC implementation schedule is just one impetus for utilities and NERC members to make the cyber-security upgrades they already should have been making.
"We need to be proactive in this," Bowe says. "We don't need standards to get us motivated to continually enhance our security."