This report responds to a request received from Senator John Sununu on January 29, 2004, to perform an assessment of five specific tax provisions of the Conference Energy Bill of 2003. He requested that five tax provisions be assessed with regard to incremental energy production, change in petroleum imports, and tax revenue losses. The tax provisions were Section 45 credits for electricity produced from certain sources, the credit for electricity produced from advanced nuclear facilities, amortization of geological and geophysical expenditures over two years, extension and modification of Section 29 for producing fuels from nonconventional sources, and enhanced oil recovery tax credits.

Contents	(complete Report)
Introduction
Analysis Summary
Energy Production, Consumption, and Prices
Petroleum Imports
Tax Revenue Losses
Caveats of the Study
Section 45 Credit for Electricity Produced from Certain Sources
Credit for Electricity Produced from Advanced Nuclear Power Facilities
Extension and Modification of Section 29 for Producing Fuel from Nonconventional Sources
Nonconventional Gas
Petroleum Coke and Coke Gas
Landfill Gas
Coal-Mine Gas
Refined Coal
Amoritization of All Geological and Geophysical Expenditures Over 2 Years
The Application of Enhanced Oil Recovery Tax Credits Against the Alternative Minimum Tax for 2004 and 2005
Appendix A: Letter from Senator John Sununu
Preface
Contacts