S.362 - Geothermal Exploration and Technology Act of 2013

A bill to promote the mapping and development of United States geothermal resources by establishing a direct loan program for high risk geothermal exploration wells, to amend the Energy Independence and Security Act of 2007 to improve geothermal energy technology and demonstrate the use of geothermal energy in large scale thermal applications, and for other purposes. view all titles (2)

All Bill Titles

  • Official: A bill to promote the mapping and development of United States geothermal resources by establishing a direct loan program for high risk geothermal exploration wells, to amend the Energy Independence and Security Act of 2007 to improve geothermal energy technology and demonstrate the use of geothermal energy in large scale thermal applications, and for other purposes. as introduced.
  • Short: Geothermal Exploration and Technology Act of 2013 as introduced.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 1
  • Past Seven Days: 4
  • All-Time: 312
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
02/14/13
 
 
 
 
 
 
 

Official Summary

Geothermal Exploration and Technology Act of 2013 - Requires the Secretary of Energy (DOE) to: (1) establish a direct loan program for high risk geothermal exploration wells, and (2) give preference to loans to carry out projects that are likely to lead to successful new geothermal developm

Official Summary

Geothermal Exploration and Technology Act of 2013 - Requires the Secretary of Energy (DOE) to:
(1) establish a direct loan program for high risk geothermal exploration wells, and
(2) give preference to loans to carry out projects that are likely to lead to successful new geothermal development leading to electricity production. Requires data from exploratory wells to be provided to the DOE Secretary (Secretary) and the Secretary of the Interior for use in mapping national geothermal resources and other uses, including subsurface geologic data, metadata, borehole temperature data, and inclusion in DOE's National Geothermal Data System. Requires the Secretary to determine the number of wells for each selected geothermal project for which a loan may be made. Requires:
(1) a recipient to commence repayment of the loan beginning on the earlier of four years after the loan is made or when the geothermal facility enters into commercial production, and
(2) loans for successful wells to be repaid by the developer within 10 years. Establishes the Geothermal Investment Fund to carry out such program. Requires amounts repaid on loans to be deposited in such Fund. Amends the Energy Independence and Security Act of 2007 to require: the Assistant Secretary for Energy Efficiency and Renewable Energy to:
(1) establish a program of research, development, demonstration, and commercial application for geothermal heat pumps and the direct use of geothermal energy;
(2) identify and mitigate potential environmental impacts;
(3) make grants to promote the development of geothermal heat pumps and the direct use of geothermal energy;
(4) give priority to proposals that apply to large buildings, commercial districts, and residential communities; and
(5) conduct a national solicitation for grant applications. Amends the Geothermal Steam Act of 1970 to provide that land under an oil and gas lease issued pursuant to the Mineral Leasing Act or the Mineral Leasing Act for Acquired Lands that is subject to an approved application for a permit to drill and from which oil and gas production is occurring may be available for leasing for geothermal drilling in order to provide for the coproduction of geothermal energy with oil and gas, if the lease would serve the public interest.

...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Senator a Letter

about this bill Support Oppose Tracking
Track with MyOC