Abstract: . . .  Appendix III GAO Contact and Staff Acknowledgments Aed pn px I i GAO Contact Staff Acknowledgments Jim Wells (202) 512-3841 In addition to the individual named above, Nancy Crothers, Dan Haas, Steve Secrist, Kathryn Supinski, and Barbara Timmerman made key contributions to this report. (360389) Page 37 GAO-04-513 Navy Geothermal Energy GAO’s Mission The General Accounting Office, the audit, evaluation and investigative arm of Congress, exists to support Congress in meeting its constitutional responsibilities and to help improve the performance and accountability of the federal government for the American . . .
. . .  Contact and Staff Acknowledgments Aed pn px I i GAO Contact Staff Acknowledgments Jim Wells (202) 512-3841 In addition to the individual named above, Nancy Crothers, Dan Haas, Steve Secrist, Kathryn Supinski, and Barbara Timmerman made key contributions to this report. (360389) Page 37 GAO-04-513 Navy Geothermal Energy GAO’s Mission The General Accounting Office, the audit, evaluation and investigative arm of Congress, exists to support Congress in meeting its constitutional responsibilities and to help improve the performance and accountability of the federal government for the American people. GAO . . .
. . .  offices; (3) the company that operates the power plant at China Lake; (4) other private energy companies; and (5) the Geothermal Energy Association. In addition, we visited the Navy’s geothermal facility at China Lake to observe the activities of the Navy and the power plant operator. We also obtained information from the Navy on its geothermal exploration and development activities at the Fallon Naval Air Station. To verify the Navy’s oversight requirements, we obtained reports the power plant operator submits to the Navy. Finally, we reviewed (1) the federal law that determines the extent to which . . .
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. . .  when they dropped, the Navy's revenues also decreased. However, about the time the power plant operator's contract prices expired, the Navy's royalty rates increased from 10 percent to 15 and 18 percent, respectively, for electricity sold from each power plant. The increased royalty rates caused the Navy's royalty revenue to decline less dramatically than the power plant operator's proceeds from electricity sales. The second largest Navy revenue source is the payment made by the power plant operator toward the China Lake base’s electricity bill. The power plant operator paid, on average, $2.7 million . . .
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