; and (2) state the basis for relying on the cited evidence for the purpose of making the findings on issues of material fact. . (b) Clerical amendment The table of contents for the Energy Policy Act of 1992 ( Public Law 102–486 ; 106 Stat. 2781) is amended by striking the item relating to section 2403 and inserting the following: Sec. 2403. Approach to environmental review. . 5. License duration, conditions, revocation, alteration, or surrender (a) Voluntary license surrender procedures Section 6 of the Federal Power Act ( 16 U.S.C. 799 ) is amended— (1) by striking the section designation and all that follows through Licenses under in the first sentence and inserting the following: 6. License duration, conditions, revocation, alteration, or surrender (a) In general Licenses under ; and (2) by adding at the end the following: (b) Procedures for surrender of license (1) In general Not later than 1 year after the date of enactment of this subsection, the Commission, after providing for public notice and comment, shall promulgate regulations establishing procedures for license surrender proceedings initiated by a licensee. (2) Inclusions The regulations promulgated under paragraph (1) shall include— (A) a requirement for a licensee seeking a license surrender to prepare an initial public report that describes and analyzes— (i) the surrender proposal; (ii) any alternatives considered for the disposition of project works; (iii) any impacts of the proposed license surrender on— (I) grid reliability; (II) any increase in the price of energy, power, and essential grid services to consumers of power; and (III) the ability to integrate intermittent generating resources; 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