News

Colorado to launch geothermal legislation at project at Pagosa Springs

Colorado to launch geothermal legislation at project at Pagosa Springs Pagosa Hot Springs, Colorado (source: flickr/ colorado trips, creative commons)
Francisco Rojas 23 May 2014

According to the article, HB14-1222, titled Clean Energy Private Activity Bonds, pertains specifically to geothermal generation and clean energy projects and aims to mitigate financial risk and enable local ownership of geothermal production.

On May 30th, the Governor John Hickenlooper will visit Pagosa Springs in order to sign HB14-1222 — a bill concerning geothermal energy generation and financing into law according to the local news.

There will be other dignitaries expected to be in attendance alongside Gov. Hickenlooper such as Sen. Michael Bennet (D), Rep. Scott Tipton (R), Colorado Rep. Mike McLachlan (D), and Doug Hollet, director of geothermal technology for the U.S. Department of Energy.

The article also details that “HB14-1222, titled Clean Energy Private Activity Bonds, pertains specifically to geothermal generation and clean energy projects and aims to mitigate financial risk and enable local ownership of geothermal production. HB14-1222 modifies the existing C.R.S. 30-20-1203, which outlines eligible clean energy project financing, county approval and private activity bond financing”.

The Colorado bill was sponsored by McLachlan in the House and Gail Schwartz (D) and Ellen Roberts (R) in the Senate. It was sent to the governor on April 30. En route to the governor, the bill received 55 “yes” votes from Democrats and five from Republicans. It received 38 “no” votes from Republicans, with two Republicans excused.

Source: Pagosa Springs Sun Website