SB0457: Carbon dioxide sequestration.

Legislative Summary

Carbon dioxide sequestration. Requires an applicant for a carbon dioxide transmission pipeline certificate to comply with certain guidelines adopted by the Indiana utility regulatory commission. Exempts a carbon dioxide transmission pipeline company (company) from obtaining a certificate of authority if the company's carbon dioxide transmission pipeline project meets certain criteria. Requires an applicant or the contractor or subcontractor of the applicant to submit evidence that the contractor or subcontractor of the applicant have the requisite experience constructing, operating, and maintaining a transmission pipeline for the department to grant the applicant a carbon dioxide transmission pipeline certificate of authority. Moves fee revenue collected for a carbon dioxide transmission pipeline certificate of authority from the oil and gas environmental fund to the state general fund. Provides that the filing fee for a permit for a carbon sequestration project is deposited in the state general fund. Provides that an involuntary integration order issued by the department of natural resources (department) is effective 15 days after the petitioner is issued a UIC Class VI permit. Amends the definition of "UIC Class VI permit". Adjusts the filing fee for a carbon sequestration project permit. Requires a storage operator to pay the department a fee of $0.08 per metric ton of carbon dioxide injected into a storage facility for the previous calendar year. Provides that a storage operator shall pay to the department a fee for the carbon dioxide injected into the storage facility. Expires the carbon dioxide storage facility trust fund and provides for the transfer of money in that fund to the state general fund. Directs the department to establish and issue a permit that allows a person to: (1) drill or operate a carbon dioxide investigatory well; or (2) convert an oil and gas well for use in carbon dioxide investigations. Describes circumstances in which the department may enter property to inspect and maintain a well or storage facility. Establishes civil penalties for violations of the statutes regulating carbon sequestration. Provides that civil penalties are deposited in the state general fund.