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Committee advances bill to let local governments bond for thermal energy networks
Summary
The committee recommended a bill allowing local units of government to bond for thermal (geothermal) district energy networks, adopting technical and consumer-protection amendments. Testimony emphasized upfront costs, workforce opportunities and the need for municipal planning and consumer safeguards.
The State and Local Government Committee voted to recommend a bill that would enable local governments to finance and bond for thermal energy networks, a move sponsors said would unlock local geothermal heating-and-cooling projects.
The sponsor (identified in the record as “Senator Johnson Stewart”) said the bill would allow municipalities and counties to bond for district-scale geothermal and thermal networks and pointed to federal interest and pilot programs supporting geothermal innovation.…
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