Sec. 2. Parity in reductions in royalty rates and capacity fees
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Section 3101 of the Energy Act of 2020 ( 43 U.S.C. 3001 ) is amended— in paragraph (1)(B), by inserting , or the production of oil or natural gas, after wind energy ; and in paragraph (4)— strike that and insert that— ; and strike uses wind, solar, or geothermal energy to generate energy. and insert the following: uses wind, solar, or geothermal energy to generate energy; or produces oil or natural gas. . Section 3103 of the Energy Act of 2020 ( 43 U.S.C. 3003 ) is amended— in subsection (a)— by inserting royalty rates, after capacity fees, ; and by striking wind and solar and inserting oil, natural gas, wind, and solar ; in subsection (b)— by striking and capacity fees, or both, and inserting , capacity fees, and royalty rates ; by striking wind and solar and inserting oil, natural gas, wind, and solar ; and in paragraph (2)— by striking or capacity fee and inserting , capacity fee, or royalty rate ; and by striking wind and solar and inserting oil, natural gas, wind, and solar ; and by adding at the end the following:
If the Secretary reduces capacity fees for wind and solar authorizations pursuant to this section, the Secretary shall reduce royalty rates for oil and natural gas authorizations by the percentage that is equal to the percentage of the reduction in capacity fees. .
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