Houses Labor and Commerce Committee heard Senate Bill 243, Geothermal Royalties.
SB 243 was written to incentivize geothermal exploration and development by reducing the states geothermal royalty feeThis fee currently the highest of its kind in the United States. And on par with our oil and gas royalties. Ormat Technologies, currently looking into Mt. Spurrs geothermal potential, is an example benefactor of this bill.
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