In November 2007, the Federal Energy Regulatory Commission issued a Policy Statement announcing the Commission’s intent to issue conditional licenses for certain wave, tidal and hydrokinetic projects. The conditional license would enable FERC to approve the license, without waiting for other state and federal agencies to issue necessary authorizations. But the conditional license [...]...

Located @ http://www.oceanrenewable.com/2007/12/23/
orec-offers-support-and-constructive-comments-on-fercs-
conditional-license-policy/.