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TeachMeFinance.com - explain Lease of power privilege Lease of power privilege The term 'Lease of power privilege' as it applies to the area of reclamation can be defined as ' Contractual right given to a non-Federal entity to utilize, consistent with project purposes, water power head and storage from Reclamation projects for electric power generation'. Previous 5 Terms: Leakage Lease and plant fuel Lease condensate Lease equipment Lease fuel Next 5 Terms: Lease operations Lease separation facility Lease separator Leasehold reserves least common multiple (LCM) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.