If Congress authorizes the takeover of a hydroelectric power project as provided under section 14 of the Federal Power Act:
(a) The Commission or the Director of the Office of Energy Projects will notify the existing licensee in writing of the authorization at least two years before the takeover occurs; and
(b) The licensee must present any claim for compensation to the Commission:
(1) Within six months of issuance of the notice of takeover; and
(2) As provided in section 14 of the Federal Power Act. Subpart D_Annual Licenses for Projects Subject to Sections 14 and 15 of
the Federal Power Act