§ 16.17 - Procedures upon Congressional authorization of takeover.

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If Congress authorizes the takeover of a hydroelectric power project as provided under section 14 of the Federal Power Act:

The Commission or the Director of the Office of Energy Projects will notify the existing licensee in writing of the authorization at least two years before the takeover occurs; and

The licensee must present any claim for compensation to the Commission:

Within six months of issuance of the notice of takeover; and

As provided in section 14 of the Federal Power Act.