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Regulatory
Tapoco’s original license to operate the Tapoco Project was issued by the Federal Energy Regulatory Commission (FERC) on March 17, 1955, with an expiration date of February 28, 2005. After a seven-year relicensing process, Tapoco and the relicensing stakeholders reached a comprehensive Relicensing Settlement Agreement (RSA) for the Project that was signed by a supermajority of the stakeholders and filed with FERC on May 7, 2004. The RSA outlines protection, mitigation, and enhancement (PME) measures for the Project that address ecological resources as well as other beneficial uses of the Cheoah and Little Tennessee Rivers, including hydropower generation, watershed protection, endangered species enhancement, fish passage and recreational opportunities.
The Project was relicensed by FERC by order dated January 25, 2005. The new 40-year license became effective beginning March 1, 2005 and is based largely on the RSA that was approved by FERC. Tapoco began implementing the new license and the RSA immediately.
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