Hogan Lovells Publications | Cybersecurity in Energy | 14 July 2016

New NERC Rules for Critical Cyber Assets Expand the Scope of U.S. Federal Regulation to New Facilities and Practices

As a result of federal legislation enacted after the large Northeast/Midwest blackout in 2003, electric utilities and other electric market participants in the United States are subject to mandatory reliability standards developed through stakeholder processes by the North American Electric Reliability Corporation (NERC) and enforced by the Federal Energy Regulatory Commission (FERC) with substantial financial penalties of up to US$1 million per day for each standard violation.

Read More: New NERC Rules for Critical Cyber Assets Expand the Scope of U.S. Federal Regulation to New Facilities and Practices

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