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- Title
FACILITATING HYDROKINETIC ENERGY DEVELOPMENT THROUGH REGULATORY INNOVATION.
- Authors
Wellinghoff, Jon; Pederson, James; Morenoff, David L.
- Abstract
The development and integration into the electric grid of new clean and domestic renewable energy resources is one of the highest priorities for the United States, in light of the dual imperatives of blunting the climatic effects of greenhouse gases and stemming the flow of trillions of dollars overseas for oil imports. Hydrokinetic energy - which includes ocean wave, current, tidal, and in-stream current energy resources - is one promising, though not yet commercially proven, renewable resource. In addition to the further development of hydrokinetic technologies, a key factor in determining whether the country will capture the full potential of this energy source is the regulatory framework in which hydrokinetic systems will operate. The Federal Power Act (FPA) assigns the Federal Energy Regulatory Commission (FERC) a leading role with respect to hydrokinetic energy, and the FERC in recent years has initiated regulatory innovations to facilitate development of this energy source. This article discusses how the FERC has begun moving down that path. This article also identifies issues that the FERC is likely to confront in this area in the future, including the need for appropriate relationships with other federal and states agencies that will play roles in regulating the development of hydrokinetic energy.
- Subjects
UNITED States; RENEWABLE energy sources; ENERGY development laws; UNITED States. Federal Energy Regulatory Commission; HYDROTHERMAL electric power systems; TECHNOLOGICAL innovations
- Publication
Energy Law Journal, 2008, Vol 29, Issue 2, p397
- ISSN
0270-9163
- Publication type
Article