A bill to amend the Federal Power Act to specify the annual charges for projects with licenses issued by the Federal Energy Regulatory Commission for the use of Federal dams and other structures.

[AI summary unavailable — showing source text] Amends the Federal Power Act to provide that the charge for a license issued by the Federal Energy Regulatory Commission for the use of Federal dams or other structures shall not exceed $1.00 per kilowatt of installed capacity and one-half mil per kilowatt-hour of energy produced. Prohibits any other charge by any other Federal agency for the use of such dams or structures. Provides that no charge shall be assessed for the use of a Federal dam or other structure by a licensee or other entity if, before the enactment of this Act, a Federal agency has entered into a contract with such licensee or entity providing that such licensee or entity may build a power plant using Federal irrigation facilities and will retain possession and ownership of the power plant and all revenues from such power plant.…