Geothermal monies from Petroleum Violation Escrow Funds
To date, about $3.6 billion of Petroleum Violation Escrow Funds (PVE) have been disbursed to state energy offices by the US Dept. of Energy for use in energy-related programs that mainly encourage energy conservation or the use of renewable energy. Most of the funds resulted from two cases: the Exxon Decision and the Stripper Well Settlement Agreement. The specific allocation of these funds within various candidate state programs is left to the discretion of the individual state, but requires final review and approval of the DOE for consistency with the terms of the settlement agreements. Colorado and South Dakota are conducting geothermal projects using PVE funds. At least one other state (Arizona) has considered applying PVE funds to geothermal projects. However, other nongeothermal activities that are being conducted in several states represent types of projects that could be relevant to geothermal power production, district heating/cooling, and/or direct use projects.
- OSTI ID:
- 7158632
- Journal Information:
- Geothermal Hot Line; (USA), Vol. 18:2; ISSN 0735-0503
- Country of Publication:
- United States
- Language:
- English
Similar Records
Support of renewable energy activities from Petroleum Violation Escrow (PVE) funds
Selected aspects of the Governor's Office of Energy Programs management of Petroleum Violation Escrow funds State of South Carolina
Related Subjects
02 PETROLEUM
COLORADO
GEOTHERMAL RESOURCES
FINANCING
SOUTH DAKOTA
ARIZONA
DECISION MAKING
ENERGY CONSERVATION
ESCROW ACCOUNTS
LAWSUITS
PETROLEUM INDUSTRY
RENEWABLE ENERGY SOURCES
STATE GOVERNMENT
US DOE
ENERGY SOURCES
FEDERAL REGION IX
FEDERAL REGION VIII
INDUSTRY
NATIONAL ORGANIZATIONS
NORTH AMERICA
RESOURCES
US ORGANIZATIONS
USA
150500* - Geothermal Energy- Economics
Industrial
& Business Aspects
021000 - Petroleum- Legislation & Regulations