When a license is issued, FERC approves both the hydropower project and the licensee. PG&E may decide that it no longer wants to hold a license and instead, intends to sell and transfer that license to another entity. PG&E can transfer a license for any reason, but most often transfers are for economic and regulatory reasons. A license may only be transferred with FERC’s prior approval. PG&E cannot transfer a license or sell or convey any lands, facilities, or assets that are considered part of the project before it receives approval. A transfer application must be submitted to FERC for:

• Sale of a project
• Adding or removing a co-licensee(s)
• Changing the licensee’s corporate structure
• Bankruptcy transfers;

The following transactions would typically not require PG&E to file an application to transfer a license with FERC. However, PG&E should notify FERC of these changes:

• Change in parent company i.e., selling the licensee itself
• Name change