FERC took the last step in fulfilling its obligation to encourage voluntary investments in cybersecurity by electric utilities, as directed by Congress in 2021.

NERC and the REs expressed support for FERC's proposal to incentivize voluntary cybersecurity investments, while urging it to also build on existing standards.

FERC reluctantly proposed a 200-basis point incentive for utilities that make voluntary cybersecurity investments, an initiative directed by Congress.