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SB1500 - 104th General Assembly
DNR-PORE SPACE COMPENSATION
Last Action
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Safety and Aid for the Environment in Carbon Capture and Sequestration Act. In provisions regarding integration and unitization of ownership interests and just compensation for nonconsenting pore space owners, provides that such compensation shall be no less than the average total payment package provided to similarly situated consenting pore space owners (rather than provided in agreements during the previous 365 days to similarly situated pore space owners). Removes provisions requiring the compensation to exclude incentives provided to consenting pore space owners prior to the initiation of injection. Removes provisions requiring the compensation to include any operations term or injection term payments made upon or after the initiation of injection provided to consenting pore space owners in consideration of allowing use of their pore space for sequestration of carbon dioxide.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/04/2025 | Senate | Filed with Secretary by Sen. Michael W. Halpin |
| 2/04/2025 | Senate | First Reading |
| 2/04/2025 | Senate | Referred to Assignments |
| 2/18/2025 | Senate | Assigned to Energy and Public Utilities |
| 3/04/2025 | Senate | Added as Chief Co-Sponsor Sen. Graciela Guzmán |
| 3/20/2025 | Senate | Postponed - Energy and Public Utilities |
| 3/21/2025 | Senate | Rule 2-10 Committee Deadline Established As April 4, 2025 |
| 4/04/2025 | Senate | Rule 2-10 Committee Deadline Established As April 11, 2025 |
| 4/11/2025 | Senate | Rule 3-9(a) / Re-referred to Assignments |