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US House Okays Bill to Stop Termination of LicenseSubmitted by Rupak Thapaliya on Thu, 2009-07-30 11:46
The US House passed a bill earlier this week to allow six more years to start construction for developing hydropower at Melvin Price Lock and Dam on the Mississippi River in Alton, IL.
The legislation HR 2938 introduced by Rep. Jerry Costello, D- Belleville keeps the Federal Energy Regulatory Agency (FERC) from terminating the license and gives the licensee a maximum of six years to start construction at the Price Dam Hydroelectric Project (P-12187). The US Senate still needs to act on the measure before the extension is officially allowed.
The extension needed congressional approval because the Federal Energy Regulatory Commission has already extended the license term once before as is allowed under the Federal Power Act. The original license was awarded to Price Dam Partnership Ltd. in 2005 and later obtained by Brookfield Power in late 2007.
Brookfield Power intends to invest $400-$450 million for the project that would have a generation capacity of 92 MW.