Sec. 2. Expansion of fossil energy loan guarantees
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Section 1703 of the Energy Policy Act of 2005 ( 42 U.S.C. 16513 ) is amended— in subsection (b)(2), by striking in subsection
(d)and inserting under subsection
(d)and coal-fired electric generating units meeting the criteria under subsection
(e); by redesignating subsection
(e)as subsection (f); and by inserting after subsection
(d)the following: The Secretary may make guarantees for the following coal-fired electric generating projects: Large-scale high-efficiency, low-emissions coal-fired electric generating units— not less than 65 percent of the annual net energy output of which is used to generate electricity; that have a maximum design (nameplate) generating capacity that is not less than 350 megawatts; that derive not less than 65 percent of the annual heat input from coal or 1 or more coal derived fuels; that have been designed to achieve an overall generation efficiency of not less than 40 percent; that have the capability of accommodating the equipment that might be necessary in the future to capture the carbon dioxide emissions from the unit; and that, to the maximum extent practicable, minimize water consumption. Small-scale, high-efficiency, low-emissions coal-fired electric generating units— not less than 65 percent of the annual net energy output of which is used to generate electricity; that employ a modular design that maximizes the benefits of high-quality, low-cost shop fabrication to minimize construction costs and project cycle time; that have a maximum design (nameplate) generating capacity that is less than 350 megawatts; that derive not less than 65 percent of the annual heat input from coal or 1 or more coal derived fuels; that have been designed to achieve an overall generation efficiency of not less than 40 percent; that have the capability of accommodating the equipment that might be necessary in the future to capture the carbon dioxide emissions from the unit; that have a load following capability down to 25 percent of maximum continuous rating for the unit; that have the capability to achieve high ramp rates of not less than 4 percent of the maximum continuous rating per minute of the unit; and that, to the maximum extent practicable, minimize water consumption. The Secretary shall not require with respect to a project receiving a guarantee under paragraph (1)— any payment under section 1702(b) for the cost of the guarantee; or the payment of— any fees to cover administrative expenses under section 1702(h); or any other fees under this title, including application fees, facility fees, and maintenance fees. A project receiving a guarantee under paragraph
(1)shall be considered to be a covered project under title XLI of the FAST Act ( 42 U.S.C. 4370m et seq.). . Section 1702 of the Energy Policy Act of 2005 ( 42 U.S.C. 16512 ) is amended— in subsection (b)— by striking the subsection designation and heading and all that follows through No guarantee in the matter preceding subparagraph
(A)and inserting the following: Except as provided in section 1703(e)(2)(A), no guarantee ; by redesignating subparagraphs
(A)through
(C)as paragraphs
(1)through (3), respectively, and indenting appropriately; and in paragraph
(3)(as so redesignated)— by striking subparagraph
(A)and inserting paragraph
(1); and by striking subparagraph
(B)and inserting paragraph
(2); and in subsection (h)(1), by striking The Secretary and inserting the following: Except as provided in section 1703(e)(2)(B), the Secretary . Section 20320(a) of the Continuing Appropriations Resolution, 2007 ( 42 U.S.C. 16515(a) ) is amended, in the first sentence, by striking section 1702(b)(2) and inserting section 1702(b) .
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Sec. 2
Expansion of fossil energy loan guarantees
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