andrewskurth.com roger d. feldman [email protected] storage retech 2011 washington, dc
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Andrews Kurth2
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Diverse Industry Characteristics
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A. The View from 60,000 Feet –Existing and Potential Functions
1. Firming intermittent renewable supply sources
2. Moderating price swings
3. Improving transmission reliability; overcoming T&D line limitations
4. Ramp control and protection/resulting efficiencies
5. Expansion of smart grids; microgrid possibilities
6. System protection control
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B. The Granular Views
1. Different operational uses of storage and ability to provide storage benefits, depending on the maximum duration of output energy
2. Different benefits for monetizing the value of storage based on storage capacity, and discharge capacity
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C. The Regulatory ModelsBroadly speaking, there are three basic regulatory modes with obviously different consequences for different technologies:1. Focus on the legal jurisdictional issues—try to tap
benefits through incremental creative flexibility (FERC)
2. Postulate benefits which are to be optimized and focus on facilitating them (CA)
3. Focus on leveling regulatory playing field between storage and other alternatives, competition work out optimal use (TX)
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D. The Financing Models
1. While none of these regulatory models chooses technologies, they inevitability affect the competitive financeability of different players:
a) Utilities
b) Third parties
c) Corporate and equipment providers
Consequence
Systemic failure to optimize introduction of storage as a solution to ongoing operational problems
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Roger D. Feldman, Andrews Kurth, LLP
• Chair, Clean and Renewable Energy Group (D.C. Office)
• 40 years of practice (energy and environmental finance and regulation)
• Director, American Councel on Renewable Energy
• Chair, ABA Renewable, Alternative, and Distributed Energy Committee
• Best Lawyers in America – 2005-2012; Who’s Who in American Law – 1990-2012
[email protected] 202-662-3048