Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
119-hr-5638119th CongressWALLET
Geothermal Royalty Reform Act
Sponsored By: Representative Kennedy, Mike [R-UT-3]
In Committee
Summary
Ties geothermal royalty timing to each facility's in-service date. It changes how the 10-year royalty period is measured and treats each geothermal electric generating facility as its own unit for royalty calculations unless two facilities share a turbine.
Show full summary
- Operators of geothermal electric generating facilities: Royalties for a facility are measured from that facility's defined "in-service date," creating a separate 10-year royalty period for each facility.
- Multi‑facility projects and lessees: Each qualifying generating facility is treated separately for royalty purposes, except when facilities share a turbine, which keeps them linked for calculations.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
New royalty rules for geothermal plants
This bill would add definitions for a "geothermal electric generating facility" and an "in-service date" (the day a plant begins operating). It would measure royalties for electricity on a per-plant basis, using production "by the geothermal electric generating facility." The 10-year lower-royalty period would run separately for each plant starting on that plant's in-service date. Plants would be treated as separate unless they share a turbine. Plant owners and investors would generally benefit because each new plant would start its own 10-year period.
Sponsors & CoSponsors
Sponsor
Kennedy, Mike [R-UT-3]
UT • R
Cosponsors
Rep. Begich, Nicholas J. [R-AK-At Large]
AK • R
Sponsored 12/16/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov