Market Highlight – Senate addresses the importance of cybersecurity for the electric grid

In mid-February, a hearing of the Senate Energy and Natural Resources Committee addressed the growing importance of cybersecurity in the energy industry. In response to the increasing presence of the smart grid and its connection to everything from electric vehicles to consumer electronics, Senator Angus King expressed frustration that federal agency witnesses were “entirely too calm” about the situation, which he called “the most serious threat facing our country,” one that “needs to be addressed with a real sense of crisis”.