Regulation Identifier Number 1010-AD32
30 CFR Parts 202, 206, 217 and 218
Abstract: The Minerals Management Service (MMS) is publishing new regulations to implement the provisions of the Energy Policy Act of 2005 (EPAct) governing the payment of royalty on geothermal resources produced from Federal leases and the payment of direct use fees in lieu of royalties. The EPAct provisions amend the Geothermal Steam Act of 1970 (GSA). The new regulations amend the current MMS geothermal royalty valuation regulations and simplify the royalty calculations for geothermal resources for leases issued under the EPAct and leases whose terms are modified under the EPAct. The new regulations also amend various related provisions in the MMS rules.
- Final Rule - Geothermal Valuation
(72 FR 24448 May 2, 2007)
Prior Federal Register Notices:
- Public Meeting on Proposed Rule - Geothermal Valuation
(71 FR 46879 August 15, 2006)
- Proposed Rule - Geothermal Valuation
(71 FR 41516 July 21, 2006)
PR Public Comments 41516
Summary: In conjunction with the President's National Energy Policy on renewable energy resources, MMS proposes to convene discussions with geothermal producers and other stakeholders to explore the possibility of developing a consensus on geothermal royalty valuation approaches. The discussions will be in the form of public workshops and written comments and will be open for both electrical generation and direct-use valuation.