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Gov. John Hickenlooper traveled to Pagosa Springs last Friday, May 30, to sign a bill designed to boost geothermal energy use in Colorado.
House Bill 14-1222, sponsored by Rep. Mike McLachlan (D-Durango), gives an incentive for investments in Colorado’s growing geothermal industry by reducing the threshold at which a county may issue bonds for the construction or expansion of a geothermal project from $1 million to $500,000. The bill also extends the repayment period for the bonds from 10 to 15 years.
The full version of this story is available in the print edition of the Pagosa Springs SUN. Subscribe today by calling (970)264-2100.