S. 1020: 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 aims to provide additional time for certain hydropower projects to commence construction by allowing the Federal Energy Regulatory Commission (FERC) to extend deadlines for these projects. The key points of the bill include:

Definition of Covered Projects

The bill defines a "covered project" as any hydropower project for which FERC issued a license before March 13, 2020.

Extension Authorization

The bill allows FERC to extend the time by which licensees must start construction on covered projects. This can occur if the licensee requests it and demonstrates good cause. The extension can add up to six years beyond the standard eight-year period already authorized by the Federal Power Act.

Duration of Extensions

These extensions can be structured as follows:

• Up to three consecutive two-year periods.
• The extension starts when the prior extension, if any, expires.
• The total extension cannot exceed a six-year maximum from the latest authorized start date.

Reinstatement of Expired Licenses

If the deadline for starting construction on a covered project lapses between December 31, 2023, and the enactment of this bill, FERC has the authority to reinstate the project's license. This reinstatement would be effective from the original expiration date and would correspond with the new extension provisions outlined in the bill.

Overall Impact

This legislation is designed to assist hydropower projects that may have encountered delays by providing a more flexible timeframe for starting construction. By extending these deadlines, the bill could potentially encourage the development of renewable energy through hydropower.

Relevant Companies

• NWE - NorthWestern Corporation: Involved in energy generation, including hydroelectric facilities, and could benefit from extended project timelines.
• PLT - Plumas Sierra Rural Electric Cooperative: Participates in the development of renewable energy sources, including hydropower projects.