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
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
- Resource Relation:
- Related Information: Congressional Committee Print No. 31
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
15 GEOTHERMAL ENERGY
GEOTHERMAL ENERGY
FINANCING
LEGISLATION
ENVIRONMENTAL IMPACT STATEMENTS
HEARINGS
MARKET
RESEARCH PROGRAMS
DOCUMENT TYPES
ENERGY
ENERGY SOURCES
RENEWABLE ENERGY SOURCES
299002* - Energy Planning & Policy- Geothermal- (-1989)
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation
150400 - Geothermal Energy- Legislation & Regulations