Stimulus Bill Signed Today May Help Fund North Dakota Energy Projects

Key provisions include...

• $6 billion for loans for renewable energy power generation and transmission projects.
• $11 billion to modernize the nation's electrical transmission network, which includes funding for building new power lines "to transmit clean, renewable energy from sources throughout the nation."
• $3.4 billion for carbon capture and sequestration technology demonstration projects.
• extends the federal renewable energy production tax credit, payable over a 10-year period, to 2013 for wind facilities and to 2013 for qualifying facilities that generate electricity from biomass, geothermal, hydropower, landfill gas and ocean currents.
• authorizes $1.6 billion in new clean energy bonds to finance facilities that generate electricity from wind, biomass, geothermal, hydropower, landfill gas, ocean currents and trash burning.

Click here for summary of all the provisions in the bill.