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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

  • work Practice Area

    Energy

Date & Time
  • event Date

    Wednesday, March 29, 2023

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$347.00
CLE
ALL

This CLE webinar will provide renewable energy counsel guidance on current reactive power compensation models for renewable energy facilities and potential changes. The panel will discuss recent FERC orders and notices regarding reactive power compensation, current and potential opportunities for renewable energy facilities and developers, and key considerations and pitfalls to avoid for developers seeking additional revenue streams for reactive power compensation.

Faculty

Ruta K. Skučas
Partner
K&L Gates, LLP

Ms. Skučas counsels her clients on energy issues, focusing primarily on electric and natural gas matters, before the Federal Energy Regulatory Commission (FERC), state and federal entities, including federal courts and state public utility commissions. Her clients range from financial institutions and power marketers to traditional utilities.

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Maria C. Faconti
Partner
K&L Gates, LLP

Ms. Faconti is a partner in the firm’s Austin office. She is a member of the Power practice group. Having worked as a staff attorney at the Public Utility Commission of Texas (PUCT), Ms. Faconti has in-depth knowledge of how to navigate the complex regulatory requirements. She represents a variety of market participants, including generators and retail electric providers, before the PUCT, Electric Reliability Council of Texas (ERCOT), and the Texas Reliability Entity. Ms. Faconti focuses her practice on a broad scope of regulatory issues, including commercial and settlement disputes, market structure, rates, market power, compliance and enforcement, development-related matters, policy questions, registration and certification questions, and transmission system access. She also assists clients in responding to Public Information Act requests.

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Description

Reactive power can provide generators and non-generation resources with additional revenue streams. Renewable energy counsel and developers must recognize the opportunities provided by reactive power compensation, current compensation models, and legal processes involved to obtain the revenue stream that reactive power could provide.

Reactive power helps support voltages on the transmission system to allow for the movement of real power across transmission lines. The compensation of reactive power can be employed either at load level, substation level, or at transmission level. Currently, wind and solar facilities are allowed to offer reactive power as an ancillary service into wholesale electricity markets. However, in recent years, FERC, ISOs, and RTOs are revisiting reactive power compensation models which could result in more opportunities and challenges for renewable facilities.

Renewable energy counsel and developers must familiarize themselves with current reactive compensation models and variations permitted by FERC based on a number of factors.

Listen as our panel discusses recent FERC orders and notices regarding reactive power compensation, current and potential opportunities for renewable energy facilities and developers, and key considerations and pitfalls to avoid for developers seeking additional revenue streams for reactive power compensation.

Outline

  1. Overview of reactive power
  2. Reactive power compensation models and potential changes
  3. FERC process associated with obtaining reactive power compensation
  4. Recent developments and potential changes
  5. Solar and storage-specific opportunities and challenges

Benefits

The panel will discuss these and other key issues:

  • Reactive power compensation as an additional revenue stream for renewable energy facilities and storage
  • Current reactive power compensation models, recent developments, and potential changes
  • Navigating FERC processes associated with obtaining reactive power compensation
  • Specific opportunities and challenges for solar and storage