Feds delay auction of geothermal leases in Colorado | AspenTimes.com

Feds delay auction of geothermal leases in Colorado

The Associated Press
Aspen, CO Colorado

GRAND JUNCTION, Colo. – Federal officials are delaying what was to be the first auction of geothermal leases in Colorado to resolve questions about the increasingly popular form of renewable energy.

The Bureau of Land Management had planned to offer 800 acres of public property for geothermal during its auction this month, but will postpone action on the proposed lease until its February auction. Federal officials want more time to study the potential effects of geothermal development on water and property rights.

Geothermal energy uses the earth’s heat as steam or hot water to heat buildings or produce electricity. Federal officials believe much of central and western Colorado have the potential for geothermal development.