Alaska Senate passes geothermal bill
Royalty rate reduced to match federal level; drilling and safety issues moved to AOGCC; DNR retains leasing, unit authorities
The Alaska Senate has passed and sent to the House a bill designed to fix some royalty and regulatory issues for geothermal development in the state. The need for fixes came to light when Naknek Electric Association began development drilling for geothermal on the Alaska Peninsula and when Ormat Tec....
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