Premium Energy Holdings, LLC has applied for a preliminary permit from the Federal Energy Regulatory Commission (FERC) to explore the feasibility of the Ashokan Pumped Storage Project in Ulster County, New York. The proposal includes options for constructing new dams for an upper reservoir, using the existing Ashokan Reservoir as the lower reservoir, and building a new powerhouse and transmission lines. The permit, if granted, only gives the company priority to apply for a license but does not allow any land-disturbing activities. The deadline for public comments or competing applications is 60 days from the notice's issuance date. Information about the project and application details can be found on FERC's website.
Simple Explanation
Premium Energy Holdings wants to see if they can build a water power project in New York. They are asking for permission to study the idea, but they can't start building anything yet.