The Federal Energy Regulatory Commission on June 8 issued a new 40-year operating license to the Placer County Water Agency (PCWA) for its 224 MW Middle Fork American River hydroelectric project in California [P-2079].

The water agency filed a rehearing request on July 8, arguing the new license's requirement for an amortization reserve account did not apply. The terms of the account—which explicitly pertain to nonmunicipal entities—mandate setting aside half the annual earnings in excess of the authorized rate of return on the net project investment.

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News Editor - Clearing Up

Rick Adair has been with NewsData since 2003, and is news editor for Clearing Up and editor for Water Power West. Previously, he covered environmental and energy issues in the Lake Tahoe area. He has a doctorate in earth sciences.