tag:blogger.com,1999:blog-1987420974894463968.post4280327623365864541..comments2024-03-21T03:56:54.312-05:00Comments on Tom Alrich's Blog: The News from DenverTom Alrichhttp://www.blogger.com/profile/11926296316487964077noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1987420974894463968.post-68827269590977254712013-10-17T14:40:24.811-05:002013-10-17T14:40:24.811-05:0010/17: FERC didn't approve Version 5 in their ...10/17: FERC didn't approve Version 5 in their meeting today. Their next meeting is 11/21, so look for it then. Otherwise, December is very likely. At NERC's GridSecCon this week, they were still quite sure V5 would be approved this year.Tom Alrichhttps://www.blogger.com/profile/11926296316487964077noreply@blogger.comtag:blogger.com,1999:blog-1987420974894463968.post-91673574750655981002013-09-30T22:50:02.453-05:002013-09-30T22:50:02.453-05:00Very good point! I hadn't thought of that.Very good point! I hadn't thought of that.Tom Alrichhttps://www.blogger.com/profile/11926296316487964077noreply@blogger.comtag:blogger.com,1999:blog-1987420974894463968.post-25525084020043437462013-09-25T15:03:26.975-05:002013-09-25T15:03:26.975-05:00I'm not a lawyer, nor am I fond of lawyers, bu...I'm not a lawyer, nor am I fond of lawyers, but in fairness to lawyers, I think you should realize that it's not just lawyers that are focused on compliance with v4 until it is rescinded by FERC action. <br /><br />State public service commissions (PSCs) routinely audit utility expenditures, and do not hesitate to deny cost recovery for compliance expenditures that are not required by duly approved rules and laws. But so long as a rule is valid, i.e. CIPv4, the legal entities have an obligation to comply and can be penalized for failing to do so. Penalties for failure to comply can also have negative cost recovery repercussions.<br /><br />So in addition to lawyers, it's accountants, compliance groups, technical staff, and management that continue to follow a course of action that is perceived to be "prudent" in the eyes of the PSC with jurisdiction. beentherebeforehttps://www.blogger.com/profile/14280112780486003847noreply@blogger.com