Current through September 30, 2024
Section 16.17 - Procedures upon Congressional authorization of takeoverIf Congress authorizes the takeover of a hydroelectric power project as provided under section 14 of the Federal Power Act:
(a) The Commission or the Director of the Office of Energy Projects will notify the existing licensee in writing of the authorization at least two years before the takeover occurs; and(b) The licensee must present any claim for compensation to the Commission:(1) Within six months of issuance of the notice of takeover; and(2) As provided in section 14 of the Federal Power Act.