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The Disturbance APIs section of the documentation doesn't give functionality for tripping or reconnecting shunts. I'd suggest you could move the shunt to a new bus, which is out of service, but connected to the original bus via a zero impedance line. During the dynamic simulation, you could use busdata2 to change the bus code to 1 (in-service) before using DISTBRANCHCLOSE to connect the bus (shunt and all).