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Geothermal Energy Annual Report 2004

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Geothermal Energy Annual Report 2004 ( geothermal-energy-annual-report-2004 )

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III. NATIONAL ACTIVITIES UNITED STATES PLANT NAME PGV-1 Table 17.4 Hawaii geothermal power plants. HAWAII GEOTHERMAL POWER PLANTS OWNER/OPERATOR YR ON LINE CAPACITY (MWE) Ormat Industries, Ltd 1993 30 Notes: Cycle: hybrid (single-flash, binary) ‘Energy equivalent of 500,000 barrels of oil annually’ Sources: press releases, HELCO 17.3.2 Total Electricity Generated In 2003, according to the EIA (AEO 2004), the United States generated 3,848 billion kilowatt-hours (kWh) of electricity, including 3,691 billion kWh from the electric power sector plus an additional 157 billion kWh coming from combined heat and power (CHP) facilities in the commercial and industrial sectors (Table 17.5). For the electric power sector, coal-fired plants accounted for 53% of generation, nuclear 21%, natural gas 15%, hydroelectricity 7%, oil 3%, geothermal and "other" 1%. Total geothermal generation in 2003 was 15.345 billion kWh. Table 17.5 Total electricity generated in the USA. GEOTHERMAL GENERATION 2003 BILLION KILOWATT-HOURS STATE California Nevada Utah Hawaii Totals MWe ON LINE 1982.7 244.3 39 30 2296 GENERATION 13.771 1.22 0.214 0.14 15.345 Notes: Geothermal generation as reported by the state for California, Nevada and Utah for 2003. Generation for Nevada based on ‘sales’. Hawaii calculated based on 5 MWe to July 2004 and 27 MWe thereafter (HELCO) and assuming a capacity factor of 100%. 17.3.3 17.3.3.1 National Production Tax Credit Significant Developments in 2004 The PTC was passed by the U.S. Congress and signed by the President, as part of the American Jobs Creation Act of 2004, in October 2004. The new law creates and extends a number of energy-related tax credits, including an expansion of the renewable energy production tax credit to geothermal electricity. The renewable tax credit indexed for inflation would be 1.8 cents/kilowatt hour and applies to facilities placed in service before the end of 2005, its current expiration date. IEA Geothermal R&T Annual Report 2004.doc 114

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