HR 6974
HYDRO Act of 2024
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Bill overview
The Hydropower Delivery Rate-reduction Offset Act of 2024 (HYDRO Act) directs the Western Area Power Administration (WAPA) to reduce electricity rates for customers who rely on hydropower from Bureau of Reclamation facilities in the Western United States. This reduction is intended to address shortfalls in power generation due to ongoing drought conditions and ensure equitable cost allocation. The bill requires WAPA to notify customers of predicted energy availability and implement rate reductions when production falls below certain thresholds for specific projects, with these reductions capped by existing fund balances and ending in 2031.
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