42 U.S.C. § 15974 — Coal gasification

Page 8755 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 15976 (2) Clean coal technology plant The term ‘‘clean coal technology plant’’ means the plant located near Healy, Alaska, constructed under Department cooperative agreement number DE–FC–22–91PC90544. (3) Cost of a direct loan The term ‘‘cost of a direct loan’’ has the meaning given the term in section 661a(5)(B) of title 2. (b) Authorization Subject to subsection (c), the Secretary shall use amounts made available under subsection (e) to provide the cost of a direct loan to the bor- rower for purposes of placing the clean coal technology plant into reliable operation for the generation of electricity. (c) Requirements (1) Maximum loan amount The amount of the direct loan provided under subsection (b) shall not exceed $80,000,000. (2) Determinations by Secretary Before providing the direct loan to the bor- rower under subsection (b), the Secretary shall determine that— (A) the plan of the borrower for placing the clean coal technology plant in reliable oper- ation has a reasonable prospect of success; (B) the amount of the loan (when com- bined with amounts available to the bor- rower from other sources) will be sufficient to carry out the project; and (C) there is a reasonable prospect that the borrower will repay the principal and inter- est on the loan. (3) Interest; term The direct loan provided under subsection (b) shall bear interest at a rate and for a term that the Secretary determines appropriate, after consultation with the Secretary of the Treasury, taking into account the needs and capacities of the borrower and the prevailing rate of interest for similar loans made by pub- lic and private lenders. (4) Additional terms and conditions The Secretary may require any other terms and conditions that the Secretary determines to be appropriate. (d) Use of payments The Secretary shall retain any payments of principal and interest on the direct loan pro- vided under subsection (b) to support energy re- search and development activities, to remain available until expended, subject to any other conditions in an applicable appropriations Act. (e) Authorization of appropriations There are authorized to be appropriated such sums as are necessary to provide the cost of a di- rect loan under subsection (b). (Pub. L. 109–58, title IV, § 412, Aug. 8, 2005, 119 Stat. 754.) § 15973. Western integrated coal gasification demonstration project (a) In general Subject to the availability of appropriations, the Secretary shall carry out a project to dem- onstrate production of energy from coal mined in the western United States using integrated gasification combined cycle technology (referred to in this section as the ‘‘demonstration project’’). (b) Components The demonstration project— (1) may include repowering of existing facili- ties; (2) shall be designed to demonstrate the abil- ity to use coal with an energy content of not more than 9,000 Btu/lb.; and (3) shall be capable of removing and seques- tering carbon dioxide emissions. (c) All types of western coals Notwithstanding the foregoing, and to the ex- tent economically feasible, the demonstration project shall also be designed to demonstrate the ability to use a variety of types of coal (in- cluding subbituminous and bituminous coal with an energy content of up to 13,000 Btu/lb.) mined in the western United States. (d) Location The demonstration project shall be located in a western State at an altitude of greater than 4,000 feet above sea level. (e) Cost sharing The Federal share of the cost of the dem- onstration project shall be determined in ac- cordance with section 16352 of this title. (f) Loan guarantees Notwithstanding subchapter XIII, the dem- onstration project shall not be eligible for Fed- eral loan guarantees. (Pub. L. 109–58, title IV, § 413, Aug. 8, 2005, 119 Stat. 755.) Editorial Notes REFERENCES IN TEXT Subchapter XIII, referred to in subsec. (f), was in the original ‘‘title XIV’’, meaning title XIV of Pub. L. 109–58, Aug. 8, 2005, 119 Stat. 1061, which enacted sub- chapter XIII of this chapter and section 13557 of this title. For complete classification of title XIV to the Code, see Tables. § 15974. Coal gasification The Secretary is authorized to provide loan guarantees for a project to produce energy from a plant using integrated gasification combined cycle technology of at least 400 megawatts in ca- pacity that produces power at competitive rates in deregulated energy generation markets and that does not receive any subsidy (direct or indi- rect) from ratepayers. (Pub. L. 109–58, title IV, § 414, Aug. 8, 2005, 119 Stat. 755.) § 15975. Petroleum coke gasification The Secretary is authorized to provide loan guarantees for at least 5 petroleum coke gasifi- cation projects. (Pub. L. 109–58, title IV, § 415, Aug. 8, 2005, 119 Stat. 756.) § 15976. Electron scrubbing demonstration The Secretary shall use $5,000,000 from amounts appropriated to initiate, through the