Last week, the owner of the Holtwood Hydroelectric Project on the Susquehanna River resubmitted
their project expansion proposal to the Federal Energy Regulatory Commission (FERC) and requested
expedited approval. This action restarts the process for modifying the Holtwood
Project that was shelved in December. American Whitewater and our partners are working with the
owner to fully implement the settlement agreement we signed last year to minimize and mitigate
recreational impacts of this hydro-project expansion.
Yesterday the owner of Holtwood Dam on the Susquehanna River announced that they would not move forward with their plans to install additional generation capacity to their dam. In a statement on their website, William H. Spence, executive vice president and chief operating officer of PPL Corporation stated: "As we evaluated this project in light of current economic conditions and projections of future energy prices, we reached the conclusion that it is no longer economically justifiable."