Saving Our Dams and New Hydropower Development and Jobs Act of 2012

[AI summary unavailable — showing source text] Saving Our Dams and New Hydropower Development and Jobs Act of 2012 - Amends the Reclamation Project Act of 1939 to authorize small conduit hydropower development. Designates the Power Resources Office of the Bureau of Reclamation as the lead office of small conduit hydropower policy and procedure-setting activities. Requires the Administrators of the Bonneville Power Administration, the Western Area Power Administration, the Southwestern Power Administration, and the Southeastern Power Administration to include in monthly billings sent to customers estimates and reports of costs related to compliance with federal environmental laws impacting fish and wildlife. Authorizes the Commissioner of the Bureau of Reclamation to partner or enter into an agreement with local joint power authorities to complete planning and feasibility studies authorized by Congress for water storage projects. Prohibits the Bureau of Reclamation and other federal agencies from bypassing hydroelectric turbines if a state in which the affected facilities are located has declared a drought emergency or if such bypass could result in harming endangered fish, unless such bypasses are necessary for flood control pu…