Business

Cyber attacks on the utility industry are no longer theoretical. According to multiple sources, smart grid technology vendor Telvent told U.S., Canadian, and Spanish customers on Sept. 10 that hackers had broken through its firewall and accessed “project files” related to its OASyS SCADA system. On Wednesday, reports surfaced that, based on the perpetrators’ “digital fingerprints,” the attack appears to be the work of a well-known Chinese hacker group.

About 1,792 MW of existing generation in the New York bulk power system is expected to retire or be mothballed over the next decade, and if demand heightens as has been forecast by 2020, the state’s grid could see a 1,000-MW generation gap, the New York Independent System Operator (NYISO) warned in its recently released 2012 Reliability Needs Assessment (RNA).

San Diego Gas & Electric (SDG&E) has agreed to pay $6.4 million to the U.S. Forest Service to settle claims related to one of the largest wildfires in California history. The utility has already paid more than $1 billion to settle thousands of lawsuits after state investigations concluded that the company’s high-voltage power lines produced electrical arcing and ignited the 2007 Witch Creek Fire that ravaged 198,000 acres near Santa Ysabel in San Diego County, Calif.

Making sense out of the NERC cyber security rules is inherently difficult; the ever-changing regulatory scene makes it even harder. With Version 4 now in hand, Version 5 is on the way.

Facing increasing competition and a slumping economy, China is moving to strengthen its already robust monopoly over rare earth minerals vital to many advanced energy technologies.

Firing a worker is not an easy task, something no conscientious manager takes lightly. And the decision can come back to bite. But it is sometimes necessary and there are ways to do the job that minimize the risks to the organization.

After a slowdown in the first half of 2012, merger activity in the power sector may be heating up again. One surprising target given the current environment: Coal.

In testimony before a congressional subcommittee, Joseph McClelland, director of the Federal Energy Regulatory Commission (FERC) Office of Electric Reliability, enumerated the ways in which the U.S. regulatory system is ill-equipped to deal with time-sensitive threats to physical and cyber assets of its power system.