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Introduced February 6, 2025 by Susie Lee · Last progress February 6, 2025
Adds geothermal energy to the list of covered resources in a section of the Energy Policy Act of 2005 so that statutory language that previously named oil and gas now explicitly includes geothermal. The change is narrowly targeted: it only updates statutory text to extend the same references and coverage that applied to oil and gas to geothermal resources as well.
The bill brings geothermal explicitly into covered resources, encouraging investment and faster deployment of clean, reliable energy, while creating new compliance costs for the industry and potential federal spending trade-offs for taxpayers.
Rural communities and energy consumers will gain faster access to clean, baseload geothermal power because the bill explicitly includes geothermal alongside oil and gas, likely accelerating deployment and improving grid reliability.
Utilities and energy companies can more confidently plan and invest in geothermal projects because the law removes ambiguity by officially covering geothermal alongside oil and gas, encouraging capital deployment and project development.
Utilities, developers, and energy workers may incur new compliance, permitting, or administrative costs as geothermal becomes subject to the newly applied rules, which could raise project costs and ultimately affect electricity rates.
Taxpayers could face trade-offs if federal resources or incentives are redirected toward geothermal at the expense of other programs or priorities.