The Institute of Electrical and Electronics Engineers (IEEE) and its Power & Energy Society (PES) entered into a memorandum of understanding (MOU) with the Federal Energy Regulatory Commission (FERC) to address energy infrastructure and related market challenges created by recent significant changes in energy supply, demand and technology.
The MOU was signed by Barry L. Shoop, IEEE president and CEO, and David Ortiz, deputy director for the FERC Office of Electric Reliability, at the IEEE headquarters in Piscataway, NJ. The MOU helps align the two organizations’ efforts to address the nation’s energy challenges due to the growth in renewable generation resources, distributed energy resources, electric vehicles and energy storage.
“With electric power technologies advancing at such a tremendous pace, the MOU will help to ensure that the best technical knowledge will help the Commission as it seeks to ensure reliability and just and reasonable rates for the bulk electric system,” said Ortiz.
The MOU outlines objectives for the two organizations in support of the improvement of electric energy systems, including:
- Sharing technical needs and addressing challenges for infrastructure planning, operation, and marketing optimization
- Identifying existing and emerging technological requirements and needs and approaches for addressing them
- Developing, disseminating and sharing information on advancements in technology and associated policy and standards for planning, operations and maintenance of electric energy systems and their component parts.