From the Associated Press:
“Federal regulators on Thursday threw a significant curveball at a coalition that has been planning for years to demolish four massive hydroelectric dams on a river along the Oregon-California border to save salmon populations that have dwindled to almost nothing.
The deal, which would be the largest dam demolition project in U.S. history, relies on a delicate calculus: The power company that operates the Klamath River dams will transfer its hydroelectric license and contribute $250 million in order to sever itself from the removal project and avoid any further liability or unanticipated costs.
The Federal Energy Regulatory Commission, however, on Thursday approved the license transfer on the condition that PacifiCorp remain a co-licensee along with the Klamath River Renewal Corporation, the non-profit coalition assembled to oversee the dams’ demolition. … “
More in tomorrow’s Daily Digest.