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Search Results: keywords:"geothermal leases"

  • S. 3954, titled the "Geothermal Energy Optimization Act," aims to amend the Geothermal Steam Act of 1970 to enhance exploration for geothermal resources on federal land in a timely manner. The bill introduces processes to allow for geothermal observation test projects with...

    Simple Explanation

    The bill wants to change an old rule so that it's easier and faster for people to look for hot water under the ground, which can be used to make energy, without hurting the environment too much. It also plans to have helpers to make sure everything goes smoothly and quickly when people want to start looking for this hot water on government land.

  • H.R. 7422, also known as the “Geothermal Cost-Recovery Authority Act of 2024,” aims to amend the Geothermal Steam Act of 1970. It grants the Department of the Interior the authority to charge fees to companies for the administrative costs and monitoring activities related to...

    Simple Explanation

    The bill lets a government department charge for help in watching over companies using hot water and steam from the ground, making sure everything is fair and good until 2031. They need to check how it's working after a few years and report on it.

  • The bill H.R. 7422 aims to amend the Geothermal Steam Act of 1970 to allow the Department of the Interior to recover costs from those who hold geothermal leases. It permits the Secretary of the Interior to require leaseholders to reimburse the United States for the costs...

    Simple Explanation

    The bill H.R. 7422 is about making sure the government gets paid back for the money it spends helping people use underground heat from the Earth to make energy. It also asks for a report to see how well this plan works in five years.

  • 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.