TeachMeFinance.com - explain Preliminary permit (hydroelectric power)
Preliminary permit (hydroelectric power) --
A single site permit granted by the FERC (Federal Energy Regulatory Commission), which gives the recipient priority over anyone else to apply for a hydroelectric license. The preliminary permit enables the recipient to prepare a license application and conduct various studies for economic feasibility and environmental impacts. The period for a preliminary permit may extend to 3 years.
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