US Codex
Bill
Notes

H.R. 5638 — what changed

Geothermal Royalty Reform Act

From Introduced in House to Reported in House. 1 section amended between Introduced in House and Reported in House.

Sec. 2 Geothermal royalties

(a)
added Definitions— Section 2 of the Geothermal Steam Act of 1970 (30 U.S.C. 1001) is amended by adding at the end the following:

added “(h) “Geothermal electric generating facility” means a facility, including all necessary equipment or structures (including turbines and cooling equipment), that produces electricity using geothermal resources. For purposes of section 5(a)(1), a facility described in the preceding sentence shall be considered a separate facility from any other such facility unless the facility shares a turbine with any other such facility.

added “(i) “In-service date” means, with respect to a geothermal electric generating facility, the date on which the geothermal electric generating facility begins operating.”

(b)
added Geothermal royalties— Section 5(a)(1) of the Geothermal Steam Act of 1970 (30 U.S.C. 1004(a)(1)) is amended—

removed Section 5(a)(1) of the Geothermal Steam Act of 1970 (30 U.S.C. 1004(a)(1)) is amended—

(1)
renumbered was (3) in subparagraph (A)—
(A)
added by inserting “with respect to a geothermal electric generating facility producing electricity from such resources,” before “not less than”;
(B)
added by inserting “by the geothermal electric generating facility” after “produced”; and
(C)
added by striking “the first 10 years of production under the lease” and inserting “each year of the 10-year period following the in-service date of the geothermal electric generating facility”; and
(A)
removed by inserting “with respect to each electric generating facility producing electricity from such resources,” before “not less than”; and
(B)
removed by inserting “by such facility” after “produced”; and
(2)
renumbered was (4) in subparagraph (B)—
(A)
added by inserting “with respect to a geothermal electric generating facility producing electricity from such resources,” before “not less than”;
(B)
added by inserting “by the geothermal electric generating facility” after “produced”; and
(C)
added by striking “such 10-year period” and inserting “the period of 10 years described in subparagraph (A)”.
(A)
removed by inserting “with respect to each electric generating facility producing electricity from such resources,” before “not less than”; and
(B)
removed by inserting “by such facility” after “produced”.