; and (2) to any cost-sharing arrangement with other licensees, to the extent the region contains projects owned or operated by more than 1 licensee, and applicable Federal and State agencies with respect to conducting regionwide studies. (d) Single licensee The Commission may designate regions under subsection (b) that contain only projects owned or operated by a single licensee. (e) Scale The regions designated under subsection (b) shall— (1) be at an adequately large scale to cover at least 3 existing projects that— (A) are licensed under part I of the Federal Power Act ( 16 U.S.C. 792 et seq.); and (B) the licenses of which shall expire not later than 15 years after the date of enactment of this Act; and (2) be likely to yield regionwide studies and information that will significantly reduce the need for and scope of subsequent project-level studies and information. (f) Regionwide study scope The Commission shall ensure that regionwide studies conducted under this section concentrate on information specifically relevant to license applications under part I of the Federal Power Act ( 16 U.S.C. 792 et seq.). (g) Project license terms The Commission may extend the term of any existing license within a region designated under subsection (b) by up to 8 years to provide sufficient time for relevant regionwide studies to inform subsequent project-level studies. 3005. Pumped storage hydropower (a) Report on pumped storage hydropower barriers (1) In general Not later than 270 days after the date of enactment of this Act, the Commission shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Energy and Commerce of the House of Representatives a report— (A) (i) describing any barriers to the development and proper compensation of pumped storage hydropower projects and other energy storage facilities caused by— (I) rules of Transmission Organizations (as defined in section 3 of the Federal Power Act ( 16 U.S.C. 796 )); or (II) regulations or policies— (aa) of the Commission