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Search Results: keywords:"geothermal cost-recovery authority act of 2024"

  • H.R. 7422 is aimed at changing the Geothermal Steam Act of 1970 to give the Department of the Interior the authority to recoup costs associated with managing geothermal energy leases. This bill means that those applying for or holding geothermal leases might have to pay back...

    Simple Explanation

    The bill wants to let a part of the U.S. government, called the Department of the Interior, ask people who use Earth's heat for energy to pay back some of the money the government spends to help manage their projects. This means if someone wants to use hot water from inside the Earth to make power, they might have to help the government pay some of the costs of taking care of this process.

  • H.R. 7422, or the "Geothermal Cost-Recovery Authority Act of 2024," aims to amend the Geothermal Steam Act of 1970. It gives the Department of the Interior the authority to recover costs from those applying for or holding geothermal leases for things like application...

    Simple Explanation

    H.R. 7422 is a bill where the government can now ask people who want to use underground heat (geothermal energy) for money to help pay for paperwork and checks until 2031. They also promise to write a report in five years to see how it’s going and what they can do better.