In the most recent October Open Meeting, the Federal Energy Regulatory Commission (FERC) took several significant actions, as reported by Foley Hoag LLP – Energy & Climate Counsel. The actions of note focused on the mandates involving energy storage resources and Inverter-Based Resources.
FERC has accepted the ISO-NE’s proposal that now allows energy storage resources to operate as transmission resources. This decision is of significant relevance to corporations and law firms within the energy sector, captivating the effect of substantial policy changes on energy storage operations and the potential legal implications.
The regulatory commission has also issued a final rule that requires the adoption of reliability standards for Inverter-Based Resources. As a part of this rule, developers and operators should expect ensuing compliance filings out of FERC Order No. 881. Being aware of these compliance expectations can aid law firms and businesses in avoiding potential legal mishaps.
In light of these changes, law firms and corporations within the energy sector should review and potentially adjust their ongoing operational strategies. Altogether, the decisions made at the October Open Meeting indicate a trend towards more stringent regulations and standards in the energy sector that professionals should anticipate.