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New GAO Reports: Electricity Grid Modernization, TARP

  • Electricity Grid Modernization: Progress Being Made on Cybersecurity Guidelines, but Key Challenges Remain to be Addressed, GAO-11-117, January 12, 2011: “The electric industry is increasingly incorporating information technology (IT) systems into its operations as part of nationwide efforts—commonly referred to as smart grid—to improve reliability and efficiency. There is concern that if these efforts are not implemented securely, the electric grid could become more vulnerable to attacks and loss of services. To address this concern, the Energy Independence and Security Act of 2007 (EISA) provided the National Institute of Standards and Technology (NIST) and Federal Energy Regulatory Commission (FERC) with responsibilities related to coordinating the development and adoption of smart grid guidelines and standards.”
  • Troubled Asset Relief Program: Status of Programs and Implementation of GAO Recommendations, GAO-11-74, January 12, 2011: “…this 60-day report provides information on (1) the condition and status of active TARP programs; (2) Treasury’s progress in implementing an effective management structure, including staffing for the Office of Financial Stability (OFS), overseeing contractors, and establishing a comprehensive system of internal control; and (3) trends in the status of key relevant economic indicators.”

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