"Hydropower plays an enormously important role in electricity generation across the country and especially in my home state of Oregon," said Walden. "Hydropower generates 43% of electricity in my state.
It is dependable; it is baseload; it is carbon free; it is renewable; and it is very important to our region. Nationally, hydropower is the largest source of renewable electricity generation and a recent Department of Energy report found that U.S. hydropower could grow by almost 50 percent by the year 2050. However, as my colleagues from the Pacific Northwest and across the country know, we are not taking full advantage of this valuable resource."
Walden said the legislation will enhance Oregon's ability to utilize hydropower. Specifically, the Hydropower Policy Modernization Act would modernize the permitting process for hydropower projects by:
* Clarifying that hydropower is renewable under federal law,
* Improving administrative efficiency, accountability, and transparency,
* Requiring timely decision making, and;
* Reducing duplicative oversight from the multiple federal agencies that review hydro applications by designating the Federal Energy Regulatory Commission as the lead agency.
The current licensing process of new hydropower facilities and relicensing of existing facilities is often costly and time consuming. Walden said that the Hydropower Policy Modernization Act will improve hydropower licensing, which will ultimately benefit ratepayers and consumers.
"As these entities go to relicense, sometimes it costs tens of millions of dollars just to get a renewal of a government permit to continue doing what you've been doing. And it can take seven-to-ten years to work through the process," said Walden. "By the way, guess who pays for all of those costs? The ratepayers, the people paying their electricity bill end up paying for all of this out of control review and regulation."
The Hydropower Policy Modernization Act passed the House on a bipartisan vote today, and now awaits action in the Senate.