Here is an article about the news regarding H.R. 2072 (IH):
New Legislation Proposed to Extend Hydropower Project Construction Deadlines
A new bill, H.R. 2072 (IH), has been introduced that aims to provide greater flexibility for certain hydropower project licensees by extending the time period during which they are required to commence construction. The U.S. Government Publishing Office, through GovInfo.gov, announced the introduction of this legislation on June 29, 2025, at 8:40 AM.
This proposed legislation, if enacted, would empower the Federal Energy Regulatory Commission (FERC) to grant extensions for the commencement of construction on specific hydropower projects. Such extensions could be crucial for project developers facing unforeseen challenges, regulatory hurdles, or evolving market conditions that may impact their ability to begin construction within the originally stipulated timelines.
The hydropower sector plays a significant role in the nation’s energy portfolio, contributing to a cleaner and more diversified energy supply. Extensions for construction commencement could potentially support the continued development and modernization of hydropower infrastructure, fostering energy security and economic growth.
While the specific details of the projects eligible for these extensions would be determined by FERC under the framework of the bill, the intention appears to be to allow for the completion of necessary pre-construction activities and to ensure that viable projects can proceed responsibly. This move reflects a recognition of the complexities involved in bringing large-scale energy projects to fruition.
Further information regarding the legislative process and any subsequent developments related to H.R. 2072 can be found on official government resources.
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www.govinfo.gov published ‘H.R. 2072 (IH) – To require the Federal Energy Regulatory Commission to extend the time period during which licensees are required to commence construction of certain hydropower projects.’ at 2025-06-29 08:40. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.