This paper introduces an information security threat modeling (ISTM) scheme, which leverages the strengths of software engineering and risk management approaches, called I-SERM. The proposed I-SERM scheme effectively and efficiently prioritizes information security threats for IT systems that utilize a large number of sensors, such as Internet of Things (IoT)-based energy systems. I-SERM operations include determining functional components, identifying associated threat types, analyzing threat items, and prioritizing key threats with the use of software engineering tools such as product flow diagrams, use case diagrams, and data flow diagrams. By simultaneously referring to a proposed STRIDE+p matrix and a defined threat breakdown structure with reference score (TBS+r) scheme, the I-SERM approach enables systematic ISTM. To demonstrate the usability of I-SERM, this study presents a practical case aimed at electricity load balancing on a smart grid. In brief, this study indicates a substantive research direction that combines the advantages of software engineering and risk management into a systematic ISTM process. In addition, the demonstration of I-SERM in practice provides a valuable and practical reference for I-SERM application, and contributes to research in the field of information security designs for IoT-based Energy Internet systems. Inventions 2019, 4, 53 2 of 22ISTs, and taking the considerable remedial actions required are important steps that should be taken based on both theoretical and pragmatic consideration.The IoT has become a mainstream of ICT-based technology enabling smarter applications in the fields of facility monitoring and process management (i.e., Industry 4.0), medical areas, etc. IoT technology also makes possible the construction of smart power systems with intelligent energy management applications. Pan et al. [1] designed and implemented an IoT framework for smart energy functions in buildings. Marinakis and Doukas [2] also emphasized the enhancement of IoT-enabled intelligent energy management in buildings. In addition, Ejaz et al. [3] discussed the issue of how to adopt IoT technology to provide efficient energy management in smart cities. Noor-A-Rahim et al. [4] proposed an IoT-based framework to provide reliable communications between renewable energy facilities, remote IoT components, and control centers. These articles indicate that complex IoT-supported systems like smart buildings or cities, with many factors affecting the total energy consumption in different energy application scenarios, have been the focus of much Energy Internet research.Electricity is undoubtedly an indispensable form of energy for modern society. With the trend of rapid urbanization, people have become highly dependent on their use of electricity. As a result, the stability and reliability of the power supply plays a critical role in the operation of modern power systems. In addition to relying on the effective operation of power equipment, an ICT-supported infrastructure platform capable of superviso...