Compensation as Mitigation for Fish and Wildlife Benefits: The Pigeon River Fund Example
Poor water quality upstream of the Carolina Power and Light Company (CP&L) Walters Hydroelectric Project (WHP) resulted in establishment of a mitigation fund in lieu of immediate water releases as a condition of a new Federal Energy Regulatory Commission (FERC) license. The negotiated agreement between state management agencies and CP&L includes provisions for future instream flow releases, but until that time, CP&L will make annual payments to the Pigeon River Fund (PRF). The PRF will grant money to nonprofit groups and government agencies for projects related to water quality...
