Gives More Time for Hydropower Projects
Official: A bill to require the Federal Energy Regulatory Commission to extend the time period during which licensees are required to commence construction of certain hydropower projects.
This bill gives builders of specific hydropower projects more time to begin construction by extending their deadlines.
This bill authorizes the Federal Energy Regulatory Commission (FERC) to extend construction deadlines for hydropower projects that were issued a license before March 13, 2020. FERC is authorized, upon the request of the licensees, to extend the deadline for beginning construction on such projects an additional six years beyond the eight-year extension FERC is authorized to provide under current law. The extension must consist of no more than three consecutive two-year periods. The bill also provides that FERC may reinstate certain expired licenses for projects with construction deadlines extended under this bill, effective as of the date they expire.
1. This bill allows builders of certain hydropower projects to have up to six additional years to start construction. 2. The Federal Energy Regulatory Commission can grant this extension upon request from the project licensee. 3. The extension can be divided into three periods of two years each. 4. If a project's construction deadline expired after December 31, 2023, the commission can reinstate its license.
This bill affects companies and individuals planning to build hydropower projects that were licensed before March 13, 2020.