U.S. Senators Lisa Murkowski (R-Alas) and Maria Cantwell (D-Wash) have introduced legislation entitled “The Energy Policy Modernization Act of 2015,” a bipartisan bill designed to increase the use of renewable energy in the U.S. Karl Gladwell, executive director of the Geothermal Energy Association (GEA) noted that the legislation would help America achieve its geothermal potential, “by addressing some of the most important barriers to geothermal development in the U.S.”
The legislation features five titles reflecting common ground on energy efficiency, infrastructure, supply, accountability, and land conservation. In the supply title, it includes several provisions supporting geothermal energy. It would:
- set a 50,000-MW National Geothermal Goal;
- direct federal agencies to identify priority areas for development;
•allow federal oil and gas lease holders to obtain a non-competitive geothermal lease to facilitate coproduction of geothermal power — today 25 billion barrels of hot water are produced annually from oil and gas wells within the United States;
- facilitate new discoveries by allowing the limited non-competitive leasing of adjacent lands where a new discovery has been made; and
- provide geothermal exploration test projects a limited categorical exclusion provided the lands involved present no extraordinary circumstances.
“Our energy renaissance has taken us from a position of energy scarcity to one of energy abundance, but current law rarely reflects that fact. After months of working together, the bipartisan legislation we introduced today marks a critical step toward the modernization of our federal energy policies. By focusing on areas where agreement was possible, we have assembled a robust bill with priorities from many senators that will promote our economic growth, national security, and global competitiveness,” Chairman Murkowski said in a press statement.
The Senators cite that the end result will be more affordable energy, more abundant energy, and more functional energy systems that will strengthen and sustain our energy nation’s renaissance. The bipartisan Energy Policy Modernization Act will also achieve these goals in a fiscally-responsible manner.
Earlier this week the Senate Finance Committee voted 23-3 in support of legislation sponsored by Sens. Hatch, R-Utah, and Wyden, D-Ore., to extend the expired Production Tax Credit for geothermal power plants that start construction by December 31, 2016. The Murkowski-Cantwell legislation builds upon legislative proposals introduced previously by Sens. Heller, R-Nev., Wyden, D-Ore., and Tester, D-Mont., along with several co-sponsors. The bill now awaits the Committee’s markup, expected next Tuesday.