Devil Canyon Authorization Act

Devil Canyon Authorization Act - States that, in order to provide essential power and a backbone transmission grid for south-central and interior Alaska, and to develop and utilize available renewable energy resources to assist in meeting long-range national objectives for conservation of petroleum and natural gas supplies, the Secretary of the Army, acting through the Chief of Engineers, is authorized to construct and the Secretary of the Interior is authorized to operate and maintain the Devil Canyon and Watana units of the Upper Susitna River Basin project. Estimates of cost of such project at $1,200,000,000.

Directs that electric power and energy generated at the project, except that portion required for project operation, shall be disposed of by the Secretary of the Interior in such a manner as to encourage the most widespread use by consumers at the lowest possible rates.