The
initial FERC license for the Project expires February 28, 2014. Merced ID
intends to apply to FERC for a new license (Relicensing) using FERC’s
Integrated Licensing Process (ILP), as described in Title 18 of the Code
of Federal Regulations (CFR), Subchapter B, Part 5. Consistent with
these regulations, Merced ID intends to file with FERC a notice of intent to
apply for a new license (NOI) and a Pre-application Document (PAD) after
September 1, 2008 but no later than February 28, 2009. Merced ID plans to
file an application for new license by February 28, 2012.