1. Short title This Act may be cited as the Hydropower Delivery Rate-reduction Offset Act of 2024 or the HYDRO Act of 2024 . 2. Findings Congress finds that— (1) the sale of hydropower from Federal facilities at cost-based rates to project use and firm electric service customers has financed Federal projects and programs that are not strictly necessary for, or related to, the production of hydropower; (2) maintaining a mutually beneficial contractual relationship with project use and firm electric service customers is beneficial for the integrity of the Federal hydropower program; (3) long-term drought conditions in the Western United States have produced untenable conditions for the delivery of hydropower; and (4) the conditions referred to in paragraph (3) make the recovery of costs unrelated to the production of Federal hydropower inconsistent with sound business principles. 3. Sense of Congress relating to the Administrator of the Western Area Power Administration It is the sense of Congress that— (1) the Administrator of the Western Area Power Administration (referred to in this Act as the Administrator ) has the discretion to exclude nonpower-related costs from power rate repayment studies; and (2) the Administrator should exercise the discretion of the Administrator— (A) to reduce unnecessary expenditures during periods of extreme drought