Rescission of Regulations Regarding Geothermal Lease Royalty Rate Terms
Summary
The federal government is canceling previous rules that set how much companies have to pay in royalties when they extract geothermal energy (heat from inside the Earth) on public lands. This change could affect how much money the government receives from geothermal energy projects and may influence whether new geothermal development happens on federal property.
Key Points
- 1The Bureau of Land Management (BLM) is removing regulations that established royalty rates—the fees companies must pay to use public land for geothermal energy production
- 2This rescission could lower the costs for geothermal energy companies operating on federal lands, potentially making these projects more profitable
- 3The change may reduce revenue that the federal government would have collected from geothermal leases, affecting public land management funding
- 4The public has until August 19, 2025 to submit comments on this proposed change before it becomes final
- 5Geothermal energy is a renewable energy source that taps into Earth's heat, and changes to its regulations can impact clean energy development across the country
Key Dates
July 17, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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