A bill to amend certain provisions of the Federal Power Act, 16 U.S.C. 791a et seq., relating to preferences in issuance of preliminary permits or licenses.

Amends the Federal Power Act to include cooperatives as possible licensees and holders of preliminary permits for hydroelectric sites. Defines the term cooperative to mean a nonprofitmaking organization of persons or cooperatives organized primarily for the purpose of supplying electricity to its own members.