Geothermal Cost Recovery: New Rules for Companies
New rules allow the government to recover costs related to permitting and overseeing geothermal projects. This aims to ensure taxpayer money isn't the sole funding source for these activities, while also supporting geothermal energy development through flexible fee structures.
Key points
Companies applying for or holding geothermal permits may be required to reimburse the government for administrative and oversight costs.
The government can reduce fees if full reimbursement would cause economic hardship or if it promotes greater use of geothermal resources.
Collected fees will be used to fund further geothermal application processing and project oversight.
Status:
Introduced
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