FERC Floats Solar Flare Standards For Grid Operators

Law360, New York (January 16, 2014, 3:19 PM EST) -- The Federal Energy Regulatory Commission on Thursday proposed to adopt a new reliability standard for the nation's bulk power system to minimize damage from geomagnetic disturbances such as solar flares, the first step in its efforts to require grid operators to develop safeguards against potential disruptions.

Geomagnetic disturbances, or GMDs, are created by events such as solar flares that alter the earth's magnetic field. They happen infrequently, but they can cause blackouts and damage electrical equipment. FERC finalized a rule in May directing the North American...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.