Client Alert

| December 1, 2009

Creative Licensing Approach Maximizes Benefits for Licensee, Government and Stakeholders in Approval of Major Incremental Hydropower Project

PPL Holtwood LLC (PPL Holtwood), a subsidiary of PPL Corporation, obtained Federal Energy Regulatory Commission (FERC) approval of a license amendment to construct a new 125 MW powerhouse that will effectively double the capacity of its Holtwood hydroelectric project on the Susquehanna River in Pennsylvania. By creatively navigating FERC’s hydropower license amendment process, PPL Holtwood was able to garner support from federal and state governmental agencies, nongovernmental organizations (NGOs), and private stakeholders on economic, environmental, recreational and other issues to enable what is believed to be the largest expansion of an existing hydropower facility in the eastern U.S.

For more information, please contact your Dewey & LeBoeuf relationship partner, or one of the following:

David R. Poe

+1 202 346 8039

Ahren S. Tryon

+1 202 346 8059

John D. Draghi

+1 212 424 8217

Bud Ellis

+1 212 259 6150

Paul L. Gioia

+1 518 626 9308

Meabh Purcell

+1 617 748 6847

William E. Rice

+1 202 346 7957

Raya C. Salter

+1 212 259 7218

Dev R. Sen

+1 212 259 8230

This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent. For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383