Section 1 FERC report on certain hydropower projects
Not later than 180 days after the date of enactment of this Act, the Federal Energy Regulatory Commission (referred to in this section as the “FERC”) shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Energy and Commerce of the House of Representatives a report that—
identifies each hydropower project licensed by the FERC that is located at a nonpowered site that serves as storage to support downstream power generation (referred to in this section as a “project”);
analyzes the value of electric power generation associated with each project, relative to the value of nonpower generation functions associated with the same project, including recreation and environmental functions;
describes the range of options that exist under current law with respect to surrender or transfer of a FERC license for a project, including a representative range of actual measures required by the FERC of project owners that have surrendered or transferred a FERC license;
identifies any barriers to the surrender or transfer of a FERC license for a project; and
identifies the costs incurred by project owners resulting from the requirements imposed by a FERC license, including applicable costs broken down by categories relating to—
the environment, including fish and wildlife measures;
human safety;
electric reliability;
recreation;
cultural resources;
flood control;
navigation;
irrigation; and
any other relevant category, as determined by the FERC.