To reinstate and transfer a hydroelectric license under the Federal Power Act to permit the immediate redevelopment of a hydroelectric project located in the State of New York, and for other purposes.

Directs the Federal Energy Regulatory Commission to: (1) reinstate the hydroelectric license for Project No. 2696 and to transfer it without delay or the institution of any proceedings, to the Town of Stuyvesant, New York, within 30 days of enactment of this Act; and (2) extend the expiration of the term of such license to August 31, 2025, if the Project's generating capability reaches a specified minimum level on a reliable basis within two years of enactment of this Act.

States that the Project is entitled to the full benefit of any legislation passed by Congress that promotes hydroelectric development within two years either before or after the effective date of this Act.

Instructs the Commission to permit the Town to add a co-licensee to the reinstated license at any time, notwithstanding the issuance of a preliminary permit to the Town, and any consideration of municipal preference.

States that the Town shall be entitled, to the extent that funds are available, to receive certain loans for the reimbursement of feasibility studies and development costs incurred since January 1, 2001, through and including December 31, 2006.

Deems all power produced by the Project incremental hydropower for purposes of qualifying for any energy credit or similar benefits.

[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 529 Introduced in House (IH)]






108th CONGRESS
  1st Session
                                H. R. 529

  To reinstate and transfer a hydroelectric license under the Federal 
  Power Act to permit the immediate redevelopment of a hydroelectric 
   project located in the State of New York, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 2003

 Mr. Sweeney introduced the following bill; which was referred to the 
                    Committee on Energy and Commerce

_______________________________________________________________________

                                 A BILL


 
  To reinstate and transfer a hydroelectric license under the Federal 
  Power Act to permit the immediate redevelopment of a hydroelectric 
   project located in the State of New York, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. FINDINGS.

     The Congress finds that it is in the public interest to have 
reinstated by the Federal Energy Regulatory Commission (``FERC'') the 
hydroelectric license for Project No. 2696 and to have FERC transfer 
the license to the Town of Stuyvesant, New York, in order to utilize 
the hydraulic potential of waters of the United States.

SEC. 2. REINSTATEMENT AND TRANSFER.

    (a) Reinstatement and Transfer of Federal License for Project 
Numbered 2696.--Notwithstanding section 8 of the Federal Power Act (16 
U.S.C. 801) or any other provision of such Act, the Federal Energy 
Regulatory Commission (``FERC'') is directed to reinstate the license 
for Project No. 2696 and to transfer the license, without delay or the 
institution of any proceedings, to the Town of Stuyvesant, New York, 
holder of Federal Energy Regulatory Commission Preliminary Permit No. 
11787, within 30 days of enactment of this Act.
    (b) Hydroelectric Incentives.--Project No. 2696 shall be entitled 
to the full benefit of any legislation passed by Congress that promotes 
hydroelectric development within 2 years either before or after this 
Act's effective date.
    (c) Project Development and Financing.--The Federal Energy 
Regulatory Commission (``FERC'') shall permit the town to add as a co-
licensee any private or public entity or entities to the reinstated 
license at any time, notwithstanding the issuance of a preliminary 
permit to the Town of Stuyvesant and any consideration of municipal 
preference. The town shall be entitled, to the extent that funds are 
available or shall be made available, to receive loans under sections 
402 and 403 of the Public Utility Regulatory Policies Act of 1978 (16 
U.S.C. 2702 and 2703), or similar programs, for the reimbursement of 
feasibility studies, or development costs, or both, incurred since 
January 1, 2001, through and including December 31, 2006. All power 
produced by the project shall be deemed incremental hydropower for 
purpose of qualifying for any energy credit or similar benefits.
                                 <all>