Geothermal royalties

(a) Definitions (1) In general Section 2 of the Geothermal Steam Act of 1970 (30 U.S.C. 1001) is amended— (A) in the matter preceding subsection (a), by striking As used in this Act, the term— and inserting In this Act:; (B) in each of subsections (a) through (d), by striking the semicolon at the end and inserting a period; (C) in subsection (e), by striking geothermal steam or associated; (D) in subsection (f)— (i) in the matter preceding paragraph (1), by striking Significant and inserting significant; and (ii) by redesignating paragraphs (1) through (4) as subparagraphs (A) through (D), respectively, and indenting appropriately; (E) in subsection (g), by striking; and and inserting a period; (F) by redesignating subsections (a) through (g) as paragraphs (8), (4), (5), (1), (7), (9), and (2), respectively, and indenting and moving the paragraphs so as to appear in numerical order; (G) in each of paragraphs (1), (2), (4), (5), (7), (8), and (9)— (i) by inserting The term after the paragraph designation; and (ii) by inserting a paragraph heading, the text of which comprises the term defined in that paragraph; (H) by inserting after paragraph (2) (as so redesignated) the following: (3) Geothermal electric generating facility (A) In general The term geothermal electric generating facility means a facility, including all necessary equipment or structures (including turbines, cooling equipment, and other equipment), that converts geothermal resources into electricity. (B) Separate facilities A plant or site of a facility described in subparagraph (A) shall be considered a new or separate facility from the facility described in subparagraph (A) only if no turbines are shared with that existing facility.; and (I) by inserting after paragraph (5) (as so redesignated) the following: (6) In-service date The term in-service date, with respect to a geothermal electric generating facility, means the date on which the geothermal electric generating facility begins operating.. (2) Conforming amendments (A) Section 6(i) of the Geothermal Steam Act of 1970 (30 U.S.C. 1005(i)) is amended by striking as defined in section 2(c) herein. (B) Section 28(a)(1) of the Geothermal Steam Act of 1970 (30 U.S.C. 1026(a)(1)) is amended in the matter preceding subparagraph (A) by striking, as defined in section 2(f),. (b) Geothermal royalties Section 5(a)(1) of the Geothermal Steam Act of 1970 (30 U.S.C. 1004(a)(1)) is amended— (1) in subparagraph (A)— (A) by inserting with respect to a geothermal electric generating facility producing electricity from geothermal resources, before not less than; (B) by inserting by such facility after produced; and (C) by striking the first 10 years of production under the lease and inserting each year of the 10-year period following the in-service date of the geothermal electric generating facility; and (2) in subparagraph (B)— (A) by inserting with respect to a geothermal electric generating facility producing electricity from geothermal resources, before not less than; (B) by inserting by such facility after produced; and (C) by striking such 10-year period and inserting the 10-year period described in subparagraph (A).