On the recordMarch 19, 2015
today I am proud to introduce the Geothermal Production Expansion Act of 2015 with my colleagues Senators Risch, Merkley, Murkowski, and Crapo. This bipartisan bill will allow for the rapid expansion of already identified geothermal resources without the additional delays of competitive leasing and without opening up those adjacent properties to speculative bidders who have no interest in developing the resource. At the same time that the bill streamlines the leasing process, it also protects the taxpayer by requiring that developers pay fair market value for the new lease, and limiting the amount of adjacent Federal land that can be leased to 640 acres. The Bureau of Land Management, which manages geothermal projects on federal land under lease agreements, estimates about 250 million acres of federal land contains geothermal power potential. Geothermal energy projects that are producing geothermal power under the BLM's management make up about half of the total geothermal generating capacity in the United States. This legislation takes an important step to speed the development of this tremendous clean energy potential on public lands, and I urge my colleagues to support it. Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S.…





