Duke Power, a subsidiary of Duke Energy, owns and operates 11 dams in the Catawba River basin under a single license. The company was last issued a license by FERC for this project in 1958, and the license comes up for renewal in 2008. Even before the original license was issued, Duke Power began transferring thousands of acres of project lands to another Duke Energy subsidiary, Crescent Land and Timber. Duke Power was required to develop a shoreline management plan; however, they do not have control over lands from the high water mark (as these are now owned by Crescent). Some lands have been donated to the state for use as a state park and currently some lands remain undeveloped. Crescent is actively marketing large tracts of land to be sold for timber harvesting and development. Concerned conservation groups in the area are researching ways of requiring Duke Power to purchase back shoreline and mitigate and protect other lands when its license comes up for renewal.