FERC reverses preliminary decision as Final Environmental Impact Statement recommends dam removal. FERC orders dam removal at owner's expense. Settlement Accord signed. State of Maine will accept the dam as a gift from the Edwards Manufacturing Co. on January 1, 1999. State of Maine will remove the dam with funds provided by Bath Iron Works and from upriver KHDG dam owners.
Settlement provides for extended anadromous and catadromous fisheries restoration program.
Settlement establishes a new working partnership between the State of Maine and the City of Augusta for improvements on the Kennebec River waterfront. Edwards contract to sell power to Central Maine Power expires, turbines shut down forever and State of Maine acquires Edwards project. All generating equipment offered for sale at public auction. Demolition is expected to take 11 weeks. The exact schedule for completion will depend on weather and river conditions.