Geothermal Royalty Reform Act amends the Geothermal Steam Act of 1970 to base royalties on production from each electric generating facility.
The Geothermal Royalty Reform Act amends the Geothermal Steam Act of 1970 to change how royalties are calculated for production from leased geothermal resources. Instead of a blanket royalty, the bill requires royalties to be based on production from each electric generating facility. This change aims to ensure that royalties more accurately reflect the actual production levels of individual facilities.
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