Political Quotes

“I appreciate the question. For those unfamiliar with geothermal energy, it is generally produced by delivering geothermal brine and steam from underground reservoirs to the surface, where the resource then runs turbines to generate electricity. In some cases, there is a de minimis of amount of naturally occurring noncombustion emissions released in the renewable generating process and the electricity produced is considered emissions free. Thanks in part to the relentless efforts from Senator Cortez Masto, the Inflation Reduction Act provides the same incentives for geothermal energy resources placed in service after December 31, 2024, as it does for electricity produced by solar, wind, and other renewable resources. Indeed, all geothermal energy is included among the resources meeting the definition of ``qualified facility'' for the purposes of the new sections 45Y and 48D included in the Inflation Reduction Act. I thank my colleague from Nevada for her dedication to and leadership on geothermal energy incentives. I am pleased to have worked with her on these incentives, and I most certainly agree that electricity produced from geothermal resources property qualifies for the production and investment incentives provided by sections 13701 and 13702 of the Inflation Reduction Act. That has been my intent throughout the course of drafting this legislation.…”