; and (iv) any benefits of the proposed license surrender to— (I) surrounding communities; and (II) the natural environment; (B) opportunities for the public— (i) to comment on— (I) the initial public report; and (II) the surrender application; (ii) to propose other alternatives for the disposition of project works for consideration by the Commission and licensee; and (iii) to otherwise participate in the surrender proceeding; (C) requirements for the licensee to consult with applicable Federal and State resource agencies, Indian Tribes, and interested members of the public before filing the surrender application with the Commission; (D) procedures to develop a schedule for each surrender proceeding; and (E) procedures to expedite the surrender proceeding for a license that does not— (i) present complex resource issues; (ii) involve significant controversy or public opposition; or (iii) require other major regulatory approvals. . (b) Effect on Federal dams (1) In general Nothing in this section (including an amendment made by this section) affects the continued operation of any federally owned dam, including the Federal dams on the Lower Snake River operated by the Corps of Engineers. (2) No precedent No action carried out under section 6 of the Federal Power Act ( 16 U.S.C. 799 ) establishes a precedent for an action relating to a dam referred to in paragraph (1). 6. Conditions of license; report requirement (a) Modification of plans; factors considered To secure adaptability of project; recommendations for proposed terms and conditions Section 10(a)(2) of the Federal Power Act ( 16 U.S.C. 803(a)(2) ) is amended by adding at the end the following: (D) Current and reasonably foreseeable future economic conditions material to the value of the project, over the term of the license, with respect to— (i) providing revenues from sales of power, generation capacity, and ancillary services