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Issue Briefs
November 2010
A summary of the status of Section 48A and Section 48B clean coal tax credits enacted via EPAct 2005 and the 'Emergency Economic Stimulus Act of 2008'.
8/18/10
Over the past few months CURC has been engaged in an advocacy effort to augment DOE loan guarantee authority for fossil energy projects, for which the Senate recommended an additional $7 billion in authority in the FY 2011 Senate Energy & Water Appropriations bill. This authority, however, is subject to a proviso that prohibits a project from receiving a loan guarantee if other federal funds or resources are expected to be used to support the project or to obtain goods or services from the project including funds provided under federal grants and cooperative agreements (note that exceptions are made for tax benefits, projects located on federal lands, federal insurance programs, and power projects using Federal Power Marketing Administration or TVA transmission facilities). This proviso creates problems for many of our CURC members that have received DOE grants and also apply for a loan guarantee using this new authority. In an effort to either remove this provision or carve out an exception for particular projects, Congressional appropriators have encountered opposition from the Congressional Budget Office (CBO) because, according to the way in which CBO calculates the risk to the federal government for the loan guarantee program, dropping this "double dip" provision would result in millions of dollars in federal budget outlays for the new loan guarantee authority. We have examined this issue and the below CBO brief which outlines how CBO scores third party financing of federal projects and which serves as the basis of the CBO argument for scoring the loan guarantee program. CURC has prepared the hyperlinked memorandum in response to this CBO argument and have submitted it to CBO for consideration. We expect to work with Congressional appropriators as a next step in countering this CBO argument as CBO's "customer" is the Congress, and they do not work with private entities on such matters.
Supporting documents: CBO 3rd Party Financing brief
June 2010
Attached is a comprehensive, updated summary of the Department of Energy's Loan Guarantee program and it's evolution since enacted via Title XVII of the Energy Policy Act of 2005.
Summary of CURC 5-point Coal w/CCS Program© March 2010 Attached is a brief summary of the CURC 5-point Coal w/CCS Program© and it's accompanying arrow chart. Supporting Document: Arrow Chart of 5-point Coal w/CCS Program© Summary and Evolution of the Clean Coal Power Initiative (CCPI)
March 2010 Attached is a comprehensive, updated summary of the Department of Energy's Clean Coal Power Initiative program and it's evolution since enacted via Title XVII of the Energy Policy Act of 2005. CCS Federal Funding Programs
March 2010
Below please find two charts summarizing CCS related federal funding opportunities
(2) Tax credit incentive opportunities through IRS/Treasury
These charts are updated to reflect the funding programs made available through H.R. 1, the stimulus bill. Septemeber 2009
November 2008
The purpose of the white paper is to provide a review of the status of various technologies that will be relied upon to address both the capture and storage of CO2.
Supporting Document: Memo from CO2 Working Group Co-chairs
110th Congress
October 2008
The attached matrix provides a comparison of CCS provisions contained in current House and Senate climate change legislation.
August 2008
Attached is a matrix comparing the energy plans of presumptive presidential nominees, Barack Obama and John McCain.
August 2008
Attached is a list of the currently awarded large-scale carbon sequestration projects under the U.S. DOE's Regional Carbon Sequestration Partnership program.
November 2007
A discussion paper setting forth a set of recommendations for actions that could be undertaken immediately to begin technology-based reductions of CO2 from coal fueled electricity generation.
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COAL UTILIZATION RESEARCH COUNCILSM Co-Chairmen Jon Wood Chris Hobson Vice Chairmen Jim Orchard Mark McCullough Treasurer Ray Harry Secretary Darlene Radcliffe Executive Director Ben Yamagata 1050 Thomas Jefferson St., NW (202) 298-1850 |
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