The Federal Energy Regulatory Commission is seeking public comments on potential changes to how financial assurance measures are required for hydroelectric project licenses. This inquiry aims to determine if additional financial safeguards are needed to ensure that hydroelectric projects can maintain safety and environmental standards throughout their operation. Different options being considered include requiring bonds, creating trust or remediation funds, or mandating insurance policies for potential hazards. Comments on these proposals, including any alternative suggestions, are due by March 29, 2021.
Simple Explanation
The government is asking people to share their thoughts on whether hydroelectric power projects, like big water wheels, should have more money saved up just in case something bad happens, like a dam breaking. They want to know if these projects should have things like special safety money or insurance to make sure they can fix things if needed.