S. 4050 aims to extend the deadline for starting construction on certain hydroelectric projects located on the Red River. Specifically, it allows the Federal Energy Regulatory Commission to grant a one-year extension for projects numbered P-12756 and P-13160, upon request....
Simple Explanation
S. 4050 is a bill that lets certain planned water power projects on the Red River have more time to start building. This means they can ask for one more year to begin, and if their permission to build ran out, they might get it back starting from when it first ended.