FAQs
What is the Geothermal Asset Fund and Royalty Fund?
These funds are intended to benefit the community adjacent to geothermal development and mitigate its impacts. PGV pays $50,000 annually to the Asset Fund, and a portion of PGV’s annual revenues goes to the Royalty Fund. The Asset Fund holds $1,863,620 as of January 2007. The Royalty Fund to date is about $2.2 million. To date, $14,202 has been granted for a resident’s claim and the maintenance of a community group’s emissions monitoring equipment.