The Federal Energy Regulatory Commission (FERC) is set to host its next open meeting on Thursday, October 19, 2023, indicating several significant items to be acted upon. According to the FERC’s Sunshine Notice agenda, these prominent items are majorly associated with the electricity industry.
Among the notable topics, FERC plans to act on is a rulemaking related to inverter-based resources. Inverter-based resources are rapidly gaining traction in the energy generating sector due to their seeming ability to destabilize traditional energy grids. They function by converting the direct current (DC) output of renewable energy sources like solar panels and wind turbines into alternating current (AC), which is suitable for use in standard electrical grids.
In addition to this, another anticipated discussion point is a rulemaking on Electric Quarterly Reports (EQRs). EQRs are reports filed by the public utilities that have been included on the Commission’s certified list. They provide the commission and the public with details of all jurisdictional services provided, transactions, and contractual terms and conditions during the previous quarter. FERC’s anticipated adjustments on the rules governing EQRs could have far-reaching implications for the electricity industry.
Both these rulemakings underline FERC’s ongoing commitment to overseeing the electricity industry and fostering efficient energy practices, which will inevitably impact major corporations and law firms involved in this sector. Therefore, it will be crucial for legal professionals to closely observe and analyze the effects of these impending changes.
Further details on these anticipated actions will be available post the FERC open meeting. You can follow up on the meeting’s updates and the commission’s proceedings via this link.