Geothermal Energy Bringing Millions of New Dollars to Federal, State, and Local Governments


Geothermal Energy Association, January 15, 2009


http://geo-energy.org//publications/reports/Geothermal_Revenue_Under_the_Energy_Policy_Act_of_2005_Final.pdf
According to a new report "Geothermal Revenue Under the Energy Policy Act of 2005," changes made in 2005 to federal geothermal leasing laws are bringing in millions of new and additional dollars to federal, state, and county government coffers. In just two years, FY 2007 and FY 2008, $82 million in new revenues were generated by geothermal activities. Three competitive geothermal lease sales in 2007 and 2008 for parcels in California, Idaho, Nevada, and Utah generated $56 million in income. Future trends appear to indicate that the geothermal windfall to the federal, state, and local governments will continue.