Bill 119 s 1020, also known as the "Hydropower Permit Extension Act," is a proposed piece of legislation that aims to require the Federal Energy Regulatory Commission (FERC) to extend the time period in which licensees are required to begin construction on certain hydropower projects. Currently, under the Federal Power Act, licensees are required to commence construction within a specific timeframe after receiving a license from FERC. However, this bill seeks to provide an extension to this deadline in order to allow licensees more time to secure necessary permits, financing, and other resources needed to begin construction.
The bill specifically targets hydropower projects, which are a renewable energy source that harnesses the power of flowing water to generate electricity. Hydropower is considered a clean and sustainable energy source, and expanding hydropower projects can help reduce reliance on fossil fuels and combat climate change.
By extending the construction deadline for hydropower projects, this bill aims to promote the development of more renewable energy sources and support the growth of the hydropower industry in the United States. This could lead to increased investment in clean energy infrastructure, job creation in the renewable energy sector, and a reduction in greenhouse gas emissions.
Overall, Bill 119 s 1020 seeks to support the expansion of hydropower projects by providing licensees with more time to begin construction, ultimately contributing to the transition towards a more sustainable and environmentally friendly energy system in the United States.