Geothermal Royalty Reform Act

This bill changes how federal royalties are figured for electricity made from geothermal resources on leased federal land. Under current law, a lower royalty rate applies during the first 10 years of production under a lease. The bill would instead apply that lower rate for 10 years starting from the date each geothermal power plant begins operating. It defines a geothermal electric generating facility and treats each facility as separate unless it shares a turbine with another facility.

Full text and official record on Congress.gov

Sponsors

• Mike Kennedy Republican sponsor
• 1 cosponsors