A bill to amend the Alaska Power Administration Asset Sale and Termination Act to modify and continue an exemption from application of the Federal Power Act for the Snettisham Hydroelectric Project, and for other purposes.

The bill changes the Alaska Power Administration Asset Sale and Termination Act to adjust the special exemption that keeps the Snettisham Hydroelectric Project out of the Federal Power Act’s requirements. By altering the wording of the exemption, it aims to continue the project’s exemption while refining which parties are covered. This affects the Snettisham hydro project and any entities that might purchase it.