By David Poe, Seth Lucia and Serena Rwejuna, Bracewell LLP ( May 3, 2017, 1:21 PM EDT) -- The term of years granted in a federal hydroelectric license is a major — if not the major — factor in inducing a licensee to invest money in a hydroelectric project. The longer the term, the greater the opportunity to earn a return on such investments, particularly given the year-to-year variability of river flows....
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