Changes Geothermal Energy Royalty Payments
Official: Geothermal Royalty Reform Act
IntroducedSeptember 30, 2025
Why This Matters
This bill updates how companies pay royalties for geothermal energy production. It bases these payments on the electricity generated by each facility.
If you work in the geothermal energy sector, this bill changes how royalties are calculated, impacting your revenue starting in 2026.
Affects: This bill affects geothermal energy companies and the communities that rely on this energy source.
What changes is this bill making?
1. This bill requires companies to pay royalties based on the output of each geothermal energy facility. 2. Royalties will be calculated annually for the first ten years after a facility starts operating. 3. The bill defines what constitutes a geothermal electric generating facility and its in-service date. 4. This change aims to ensure fair compensation for the use of geothermal resources.
Who is affected?
This bill affects geothermal energy companies and the communities that rely on this energy source.