Maintaining & Enhancing Hydroelectricity Incentives

The Maintaining & Enhancing Hydroelectricity Incentives (Section 247 of EPact 2005) provide incentive payments to the owner or authorized operator of a qualified hydroelectric facility for capital improvements directly related to improving grid resilience (including the addition of energy storage such as reservoir capacity, pumped storage hydropower, and batteries), improving dam safety, and related to environmental improvements.  

Overview

Office:

Grid Deployment Office

New Program:

No

Funding amount:

$553,600,000

Funding Mechanism:

Incentive Payment

Recipients:

A qualified hydroelectric facility is a hydroelectric project that— 
(1)(A) is licensed by the Federal Energy Regulatory Commission; or (B) is a hydroelectric project constructed, operated, or maintained pursuant to a permit or valid existing right-of-way granted prior to June 10, 1920, or a license granted pursuant to the Federal Power Act (16 U.S.C. 791a et seq.); 
(2) is placed into service before the date of enactment of this section (November 15, 2021); and 
(3)(A) is in compliance with all applicable Federal, Tribal, and State requirements; or (B) would be brought into compliance with the requirements described in subparagraph (A) as a result of the capital improvements carried out using an incentive payment under this section. 

Period of Availability:

Available until expended

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