Overview
Stephanie S. Lim represents independent power producers, power marketers, trade associations, and others in a wide variety of regulatory matters before the Federal Energy Regulatory Commission (FERC), courts of appeal and state public utility commissions. She counsels clients on the structure of electricity markets and the design of capacity markets. Stephanie also represents private equity clients and power producers on transactional matters, including mergers and acquisitions.
Stephanie focuses her practice on operational and compliance issues, as well as matters arising under the Federal Power Act, the Public Utility Regulatory Policies Act of 1978, the Public Utility Holding Company Act of 2005, and the rules of regional transmission organizations and independent system operators.
Stephanie represents clients in proceedings before FERC regarding the design and application of market rules. She also counsels clients in obtaining FERC authorization to sell electric energy, capacity, and ancillary services at market-based rates, exempt wholesale generator and qualifying facility status, and transfers of FERC-jurisdictional assets. In addition, Stephanie assists clients with regulatory and transactional aspects of electric generation and transmission project development and financing.
Results
- Represented trade association in successfully seeking modifications to the capacity market rules of ISO New England Inc.
- Represented power producers and trade association in proceedings before FERC regarding modifications to the capacity market rules of PJM Interconnection, LLC
- Represented client in FERC investigation regarding claims of energy market manipulation
- Advised various clients on energy regulatory issues relating to the financing, development, and acquisition of generation assets in the Mid-Atlantic, New York and California
Recognitions
- Chambers USA, Energy: Electricity (Regulatory & Litigation) – Nationwide, Band 3, 2020-2023
- The Legal 500 US, Rising Star in Energy Regulation: Electric Power, 2020-2023
- Chambers Global 2020, Energy: Electricity (Regulatory & Litigation) – USA, Band 4
Community
- Energy Bar Association, member
Credentials
Education
Duke University, JD, 2000
Duke University, MA, 1998
Amherst College, BA, 1992
Courts/Agencies
US Court of Appeals for the District of Columbia
Admissions
District of Columbia
