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QUINCY, ILL. -- UPDATED: May 19 at 2:15 p.m.

Mark Stover, Vice President for Corporate Affairs with Hydro Green Energy, tells KHQA, "It is what I expected. Should the site become available again, we will seek it for development as we believe it is a nice fit for our technology and development approach.

Hydro Green Energy lists projects at the Quincy lock and dam, plus at Lock and Dam 20 at Canton and Lock and Dam 22 at Saverton, on its website. 

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The Federal Energy Regulatory Committee has denied a rehearing for the City of Quincy's Hydropower Project at Lock and Dam 21.

In its denial FERC says, "We disagree and deny rehearing of the February 17 Order. Section 3(7) of the FPA defines a municipality as "a city, county, irrigation district, drainage district, or other political subdivision or agency of a State competent under the laws thereof to carry on the business of developing, transmitting, utilizing, or distributing power. Thus, a municipality must be a formed by a state, and given its authority to be in the power business by that state. An applicant’s eligibility for municipal preference is determined by the status of the named applicant only, not by the status of any unnamed entity which the applicant."

"The request for rehearing filed by Great River Hydropower, LLC, and Mississippi River No. 21 Hydropower Company is denied."

Click here to read the entire FERC document.

The city of Quincy says it has invested over $3.6 million since 2006 to develop the site.

You can find more on this story from The Quincy Herald-Whig's Matt Hopf by clicking here.

KHQA will bring you a statement from Quincy Mayor John Spring, so check this story later and watch KHQA's News at Five, KHQA's Evening News at 6 p.m. and KHQA's Late News at 10 p.m.