Mandates that each condition be subjected to scientific peer review.
Requires a consulting agency to provide a license applicant an opportunity to obtain expedited administrative review of its proposed conditions before filing a FERC application.
Empowers the reviewing body to remand the matter to such agency upon finding that the agency's conditions are inconsistent with this Act.
Sets a one-year deadline by which a consulting agency must file its proposed licensing conditions with FERC.
Directs FERC to: (1) conduct an economic analysis of each condition submitted by a consulting agency to determine whether it would render the project uneconomic; (2) conduct a single consolidated environmental review for each licensed project; and (3) consider the need of license applicants for a prompt decision when setting a deadline for the submission of comments by governmental agencies regarding environmental impact statements or assessments.
Directs FERC to study and report to certain congressional committees on the feasibility of establishing a separate licensing procedure for small hydroelectric projects with a generating capacity of five megawatts or less.