Geothermal Energy Research, Development, and Demonstration Act of 1974. Oversight hearings: loan guaranties. Hearings before the Subcommittee on Energy Research, Development, and Demonstration of the Committee on Science and Technology, U. S. House of Representatives, Ninety-Fourth Congress, First Session

Book · Wed Jan 01 04:00:00 EST 1975

OSTI ID:7296381

The Geothermal Loan Guaranty Program was enacted in 1974 to encourage commercial development of this new energy technology through federally guaranteed loans. Two days of hearings, chaired by Rep. Mike McCormack, were held to (1) review proposed regulations for implementing the program and identify needed changes and (2) examine the overlap of P.L. 93-410 (the Geothermal Energy Research, Development, and Demonstration Act of 1974) and the ERDA Authorization Bill, which will provide a $6 billion loan guarantee program. This review will serve as a model for the total loan program. There were eight witnesses, representing ERDA, Congress, and private industry, and 22 prepared statements from both the public and private sector. Areas of concern included: (1) lag time in funding; (2) requirements for environmental statements; (3) the extent of state and local participation; (4) patent implications; and (5) a possible slanting toward big business. (DCK)

• Research Organization: U.S. House of Representatives, Committee on Science and Technology, Subcommittee on Energy Research, Development and Demonstration, Washington, DC
• OSTI ID: 7296381
• Country of Publication: United States
• Language: English

Related Subjects

15 GEOTHERMAL ENERGY
150400 -- Geothermal Energy-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
299002* -- Energy Planning & Policy-- Geothermal-- (-1989)
DOCUMENT TYPES
ENERGY
ENERGY SOURCES
ENVIRONMENTAL IMPACT STATEMENTS
FINANCING
GEOTHERMAL ENERGY
HEARINGS
LEGISLATION
MARKET
RENEWABLE ENERGY SOURCES
RESEARCH PROGRAMS