Geothermal Royalty Reform Act
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Summary
This bill amends the Geothermal Steam Act of 1970 to modify how royalties are calculated for geothermal energy production on federal leases. Specifically, it requires that royalty payments be based on the production from each individual electric generating facility rather than on aggregate production. The bill changes both the minimum royalty rate and the sliding-scale royalty structure to apply on a per-facility basis.
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