Cyber Security and IS Technology Modernization Programs Reporting Sample Clauses

Cyber Security and IS Technology Modernization Programs Reporting. The Company will file quarterly Cyber Security and IS Technology Modernization Programs reports with the PUC and the Division within 60 days after the end of each quarter of each Rate Year. The report will address the status of the Cyber Security and IS Technology Modernization Programs and budgets, including: (i) a narrative explaining overall program status; (ii) detail on budgets and actual spending; (iii) identification of allocations of costs to the Company; and (iv) explanations of variances between budgets and actual spending. In the report for the last quarter of each Rate Year (quarter ending March 31), the Company will also include (i) any cost or timeline differences that exceed ten percent for the Rate Year; and (ii) the latest Cyber Security and IS Technology Modernization Programs sanction papers authorized during that Rate Year. The Company will work with the Division to accommodate more in-depth reviews by the Division, PUC Staff, or the Division’s consultants of these programs during the term of the Rate Plan. The Company commits to submit to the Division and PUC the report produced by the independent cyber security consultant who reviewed the Company’s cyber security investments and strategy no later than 30 days after the approval of the Settlement Agreement. The report will be filed under the protection of confidentiality.
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