The Big Wood Canal Company intended to renew its license for the Magic Dam Hydroelectric Project but missed the application deadline. The Federal Energy Regulatory Commission (FERC) is now open to receiving license applications from other potential applicants due to this delay. However, FERC is making exceptions to allow the Big Wood Canal Company to still file an application because they completed the necessary pre-filing requirements. Interested applicants have 90 days from this notice to express their intent to apply and have up to 18 months to submit their applications, while complying with the relevant regulations.
Simple Explanation
The Big Wood Canal Company wanted to keep using a dam for making electricity but didn't ask in time. Now, other people can try to get permission to use it too, but the rules are being bent a little so the company can still try.