Preparing for CIP-003-9 Compliance

The North American Electric Reliability corporation (NERC) Critical Infrastructure Protection (CIP) Standard CIP-003-9 has a new sub requirement that requires organizations to implement specific controls to manage and secure vendor electronic remote access to low-impact...

Ensuring a Reliable Summer: NERC’s Summer Reliability Assessment (SRA)

Rising electricity demand forecasts, generation growth, and the increasing pace of change in the resources are key factors to the summer risk profile. The NERC Summer Reliability Assessment evaluates generation resources and transmission system adequacy for the upcoming...

A Quick Reference Guide of the IBR Registration Initiative: Update May 2025

The North American Electric Reliability Corporation (NERC) has launched the Inverter-Based Resource (IBR) Registration Initiative as a critical element of its 2022 Inverter-Based Resource Strategy to strengthen the reliability of the Bulk Power System (BPS) amid the growing...

Utilities Developing and Owning Energy Storage

Battery Energy Storage Systems (BESS) are no longer considered an emerging technology because of the large-scale deployment of lithium-ion-based battery storage across the United States. Battery manufacturing global expansion combined with Investment Tax Credits (ITC) have...

Examination of Utility Betas - An Update

Utility betas increased sharply as part of the Covid-19 related market volatility experienced in the early 2020s and have only now, five years later, dropped back to much lower levels, albeit not back down to the level of earlier beta estimates. It has been an incredible...

Transactions 2025 Issue Q1

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Getting to know the NERC Inverter-Based Resource Strategy

The North American Electric Reliability Corporation (NERC) presents a comprehensive strategy to safeguard the reliability, resilience, and security of the Bulk Power System (BPS) as inverter-based resources (IBRs)—including wind, solar photovoltaic, battery storage, and...

A Look at the 2025 ERO Enterprise Compliance Monitoring and Enforcement Program Implementation Plan

The 2025 ERO Enterprise Compliance Monitoring and Enforcement Program (CMEP) Implementation Plan, published by NERC in October 2024, outlines the Electric Reliability Organization (ERO) Enterprise’s priorities for ensuring the reliability, resilience, and security of the...

Potential NERC Alert Based on Newly Discovered Supply Chain Risks

Recent reports from multiple news outlets, including Reuters, Fox News, have revealed the presence of undocumented communication devices in Chinese-manufactured solar power inverters, posing a significant cybersecurity risk to the U.S. power grid. These hidden devices could...

MISO Capacity Auction Results Reflect National Changes

On April 28, the Midcontinent Independent System Operator (MISO) released the results of its capacity auction (called the Planning Resource Auction or PRA) for the upcoming 2025-26 year starting June 1. Prices spiked to over $20/kW-mo. in the summer season for the entire...