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7 Tex. J. Oil Gas & Energy L. 1 (2011-2012)
The Future of U.S. Geothermal Development: Alternative Energy or Green Pipe Dream

handle is hein.journals/texjogel7 and id is 3 raw text is: THE FUTURE OF U.S. GEOTHERMAL DEVELOPMENT: ALTERNATIVE ENERGY OR GREEN PIPE DREAM? JEREMIAH I. WILLIAMSON* I. INTRODUCTION............................................2 II. GEOTHERMAL ENERGY: THE BASICS .........................3 A. Location...................................3 B. Utilization.....................................4 1. Direct Use...................................4 2. Electricity Generation...........................5 III. REGULATORY REGIMES..............................7 A. Property......................................7 B. Minerals.............................. ..............8 C. Water........................................9 D. Environment..................................10 IV. DEVELOPMENT INCENTIVES................................12 A. Tax Benefits ...................... .............12 1. Abatements.................... .............13 2. Credits............................. ..............15 3. Deductions ..................... ............15 B. Direct Payments .................. ..............16 C. Loan Guarantees................. ..............17 D. Renewable Portfolio Standards .....................18 E. Fossil Fuel Costs.................. ..............19 V. MARKET CONDITIONS......................................20 VI. BARRIERS TO DEVELOPMENT............ .......................22 A. Policy Uncertainty..............................23 B. Carbon Pricing.................. ...............25 C. High Up-Front Costs....................... ..........26 D. Infrastructure Limitations.........................27 VII. CONCLUSION .............................................. 28 * Assistant Attorney General, Wyoming Office of the Attorney General, Water and Natural Resources Division. LL.M. Candidate, University of Utah S.J. Ouinney College of Law; J.D. 2010, Indiana University Maurer School of Law. I am grateful to Professor Arnold Reitze for inspiring this research and providing helpful feedback on earlier drafts. Opinions and errors are mine alone.

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