Chris Cook | Keyes & Fox
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Chris Cook | Keyes & Fox

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Visit the Solar Institute for details of the 2011 Solar Symposium: solar.gwu.edu/Symposium.html

Visit the Solar Institute for details of the 2011 Solar Symposium: solar.gwu.edu/Symposium.html

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Chris Cook | Keyes & Fox Chris Cook | Keyes & Fox Presentation Transcript

  • Regulatory and EconomicIssues of Grid IntegrationGW Solar SymposiumApril 2011Christopher Cook, Of Counsel, Keyes & Fox
  • Solar (electric) is a utilitytechnology in broad basedapplication Utility business is highly regulated Utility business model like few others – monopoly Distributed solar (on-site) represents a loss of revenue and competitive technology to the utility business model Like other competitive/disruptive technologies – incumbent players unlikely to embrace
  • How do regulators interact with solar? Implement policies state/federal legislators develop Oversight of incentive programs Interconnection standards  Becoming more difficult Net metering (economic) tariff policy  Policy in place for nearly 20 years  scrutiny intensifying Wholesale markets/Federal Issues  FERC NOPR on regulation services (Feb 2011)  California FIT FERC decision  Commerce Clause restrictions View slide
  • Solar becomes a larger player in the energy business Greater regulatory scrutiny Inquiries on market impact Reliability – stability Need for advanced technologies and proactive solutions Beware of the economic threat to utility financial stability View slide
  • Changing the Policy makers & regulators view on solar1500MW Nuclear plant example Approved in advance – ratepayers will pay  AFUDC – cost of construction financed  Committed to full build out -- cannot cancel without large financial penalty Built out over 10-15 years Guaranteed cost recovery = lower financing costs Distributed vs. central station – look at cost of delivered power
  • The NJ solar program – Success in an unlikely locale 2nd largest solar electric state in the US by installs Suite of policies that made a market  Incentives  Interconnection  Net metering Long term growth rates – business planning opportunities Limits on rate impacts 1 MW installed at program concept - 2001 90 MW target 2009; 300MW installed last as of 4/11; 5% by 2025
  • Contact InformationChristopher Cook, Keyes & Fox LLPccook@keyesandfox.com202-465-4827