New Energy Capital FERC Motion Rejected

The Federal Energy Regulatory Commission (FERC) has denied the request by New Energy Capital Partners to intervene into the relicensing of the Yadkin Project. 

The FERC order, filed on May 30, 2013, states that: "New Energy has not demonstrated good cause for late intervention. The events identified by New Energy are not sufficient to show good cause why the deadline should be waived, particularly where, as here, the motion is filed six years after the deadline.”

"New Energy has failed to meet the good cause standard for granting late interventions, and therefore, its motion for late intervention is denied."

You can read the entire FERC order online at: http://elibrary.ferc.gov/idmws/common/OpenNat.asp?fileID=13268860

Click here to read the Charlotte Observer story, "Feds deny late entry into Alcoa hydro relicensing."