Directs the Federal Energy Regulatory Commission (FERC), upon the request of the licensee for the project numbered 12063 (Little Wood River Ranch, Idaho), to: (1) extend for three years after enactment of this Act the time period during which the licensee is required to commence the construction of project works; or (2) if the license for Project No. 12063 has been terminated, reinstate the license and extend for three years after enactment of this Act the time period during which the licensee is required to commence the construction of project works.