To extend certain hydro-electric licenses in the State of Alaska.

Instructs the Federal Energy Regulatory Commission, upon licensee request, to: (1) issue an order staying a specified hydroelectric license in the State of Alaska; (2) lift such stay, but not later than six years after the date that it receives written notice that construction of the Swan-Tyee transmission line is completed; (3) make the effective date of the license the date on which the stay is lifted; and (4) extend the time during which such licensee is required to commence project construction for not more than one two-year time period.