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110831 1 (1979-11-02)

handle is hein.gao/gaobadyjm0001 and id is 1 raw text is: lFlYt7


110831


United States General Accounting Office
        Washington, D.C. 20548

                     FOR RELEASE ON DELIVERY
                     Expected at 11:00 a.m.
                     Friday, November 2, 1979

              STATEMENT OF
        J. DEXTER PEACH, DIRECTOR          K (2'
      ENERGY AND MINERALS DIVISION
               BEFORE THE
     SUBCOMMITTEE ON ENERGY RESEARCH,
             AND PRODUCTION
HOUSE COMMITTEE ON SCIENCE AND TECHNOLOGY

    L&MNIBUS        ONTERA LEGISLATI O f


Mr. Chairman and Members of the Subcommittee:

     I appreciate the opportunity to be here this morning to

discuss the proposed Omnibus Geothermal Energy Commercializa-

tion Act of 1979 (H.R. 5187) and the Omnibus Geothermal Energy

Development Act of 1979 (H.R. 4471).

     Geothermal development has proceeded at a slow pace.

Economic, technical, and institutional constraints have impeded

its development. Geothermal energy nevertheless has the poten-

tial to make a contribution to the Nation's energy needs. These

proposed bills would, among other things, amend existing geo-

thermal leasing and permitting laws, and provide additional Fed-

eral initiatives and incentives to aid the accelerated develop-

ment of geothermal energy. We have done substantial work in

the geothermal area. We have recently issued a report on geo-

thermal leasing activities, and have efforts underway looking

at geothermal loan guarantees and geothermal research and

development activities.                            <4    6 3 ,_3




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