Energy dominance financing

(a) In general Section 1706 of the Energy Policy Act of 2005 (42 U.S.C. 16517) is amended— (1) in subsection (a)— (A) in paragraph (1), by striking or at the end; (B) in paragraph (2), by striking avoid and all that follows through the period at the end and inserting increase capacity or output; or; and (C) by adding at the end the following: (3) support or enable the provision of known or forecastable electric supply at time intervals necessary to maintain or enhance grid reliability or other system adequacy needs.; (2) by striking subsection (c); (3) by redesignating subsections (d) through (f) as subsections (c) through (e), respectively; (4) in subsection (c) (as so redesignated)— (A) in paragraph (1), by adding and at the end; (B) by striking paragraph (2); and (C) by redesignating paragraph (3) as paragraph (2); (5) in subsection (e) (as so redesignated), by striking for— in the matter preceding paragraph (1) and all that follows through the period at the end of paragraph (2) and inserting for enabling the identification, leasing, development, production, processing, transportation, transmission, refining, and generation needed for energy and critical minerals.; and (6) by adding at the end the following: (f) Funding (1) In general In addition to amounts otherwise available, there is appropriated to the Secretary for fiscal year 2025, out of any money in the Treasury not otherwise appropriated, $1,000,000,000, to remain available through September 30, 2028, to carry out activities under this section. (2) Administrative costs Of the amount made available under paragraph (1), the Secretary shall use not more than 3 percent for administrative expenses.. (b) Commitment authority Section 50144(b) of Public Law 117–169 (commonly known as the Inflation Reduction Act of 2022) (136 Stat. 2045) is amended by striking 2026 and inserting 2028.

(a) In general Section 1706 of the Energy Policy Act of 2005 (42 U.S.C. 16517) is amended— (1) in subsection (a)— (A) in paragraph (1), by striking or at the end; (B) in paragraph (2), by striking avoid and all that follows through the period at the end and inserting increase capacity or output; or; and (C) by adding at the end the following: (3) support or enable the provision of known or forecastable electric supply at time intervals necessary to maintain or enhance grid reliability or other system adequacy needs.; (2) by striking subsection (c); (3) by redesignating subsections (d) through (f) as subsections (c) through (e), respectively; (4) in subsection (c) (as so redesignated)— (A) in paragraph (1), by adding and at the end; (B) by striking paragraph (2); and (C) by redesignating paragraph (3) as paragraph (2); (5) in subsection (e) (as so redesignated), by striking for— in the matter preceding paragraph (1) and all that follows through the period at the end of paragraph (2) and inserting for enabling the identification, leasing, development, production, processing, transportation, transmission, refining, and generation needed for energy and critical minerals.; and (6) by adding at the end the following: (f) Funding (1) In general In addition to amounts otherwise available, there is appropriated to the Secretary for fiscal year 2025, out of any money in the Treasury not otherwise appropriated, $1,000,000,000, to remain available through September 30, 2028, to carry out activities under this section. (2) Administrative costs Of the amount made available under paragraph (1), the Secretary shall use not more than 3 percent for administrative expenses.. (b) Commitment authority Section 50144(b) of Public Law 117–169 (commonly known as the Inflation Reduction Act of 2022) (136 Stat. 2045) is amended by striking 2026 and inserting 2028.