From the Daily News:
A hydroelectric power project slated for the East River could soon juice the city with a megawatt of electricity if it gets a final thumbs-up from the feds.
After more than 10 years developing a plan to tap into renewable energy by installing turbines off the Queens shoreline, Verdant Power filed for a pilot commercial license with the Federal Energy Regulatory Commission on Dec. 29.
If the license is granted, the floor of the East River between Roosevelt Island and Queens could be lined with up to 30 underwater turbines by the end of 2011, said Trey Taylor, president of Verdant.
The company will then make an effort to sell its electricity to Con Edison or the New York Power Authority, and connect to the city's distribution grid.