A bill to amend the Federal Power Act to provide for the encouragement of the licensing and development of small hydroelectric power projects in connection with existing dams on the waterways of the United States.
Small Hydroelectric Power Projects Act - Amends the Federal Power Act to direct the Federal Power Commission to establish a program of grants and low-interest loans to assist in the development of small hydroelectric power projects by municipalities, electric cooperatives, industrial development agencies, nonprofit organizations, and other persons. Details procedures and eligibility criteria for such financial assistance programs.
Authorizes the appropriation of $50,000,000 per fiscal year for grants under this Act and $50,000,000 per fiscal year for loans under this Act, for each of the fiscal years through fiscal year 1980.
Revises licensing requirements to reduce the maximum annual charges for licenses involving Government dams issued after December 31, 1975, to $1 per kilowatt of installed capacity.
Introduced in Senate
Referred to Senate Committee on Energy and Natural Resources.
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