The Federal Energy Regulatory Commission (FERC) issued the first license for a hydrokinetic energy project. The license was issued to Finavera Renewables Ocean Energy, Ltd. for construction and operation of a wave energy conversion system in the Pacific Ocean at Makah Bay in Washington State. The license is conditioned on the company obtaining all other necessary permits and authorizations prior to commencing construction. When and if constructed, the project would consist of four 250-watt steel wave energy conversion buoys and an associated mooring/anchoring and electrical connection system. (HK Law)