Monday, February 01, 2010

Department of Energy FY 2011 Budget Request

The U.S. Department of Energy (DOE) Fiscal Year 2011 Budget request is $28.4 billion.


Specifically the President’s FY 2011 budget request for the Department of Energy:

The Department’s Fiscal Year (FY) 2011 budget request of $28.4 billion, a 6.8 percent or $1.8 billion increase from FY 2010, supports the President’s commitment to respond in a considered, yet expeditious manner to the challenges of rebuilding the economy, maintaining nuclear deterrence, securing nuclear materials, improving energy efficiency, incentivizing production of renewable energy, and curbing greenhouse gas emissions that contribute to climate change.

Together with the American Recovery and Reinvestment Act of 2009 (Recovery Act) and FY 2010 budget, the FY 2011 budget request supports investment for a multi-year effort to address these interconnected challenges. The FY 2011 budget builds on the $36.7 billion in Recovery Act funding. By the end of FY 2010, the Department expects to obligate 100 percent and outlay roughly 35-40 percent of Recovery Act funds. In developing the FY 2011 budget request, the Department has taken these investments into account. Recovery Act investments in energy conservation and renewable energy sources ($16.8 billion), environmental management ($6 billion), loan guarantees for renewable energy and electric power transmission projects ($4 billion), grid modernization ($4.5 billion), carbon capture and sequestration ($3.4 billion), basic science research ($1.6 billion), and the establishment of the Advanced Research
Projects Agency - Energy ($0.4 billion) will continue to strengthen the economy by providing much-needed investment, by saving or creating tens of thousands of direct jobs, cutting carbon emissions, and reducing U.S. dependence on foreign oil.

In developing this budget, several program reductions and terminations are proposed, further demonstrating the Obama Administration’s commitment to fiscal responsibility. They include:

Eliminating more than $2.7 billion in tax subsidies for oil, coal and gas industries. This step is estimated to generate more than $38.8 billion dollars in revenue for the federal government over the course of the next 10 years.

Terminating Ultra-Deepwater exploration program, saving $50 million.

Canceling planned expansion of the Strategic Petroleum Reserve, saving $71 million.

Some additional highlights in the FY 2011 budget include:

More than $217 million in new funding for science research and discovery, including an additional $40 million for the existing Energy Frontier Research Centers program and $107 million for Energy Innovation Hubs.

$300 million for the Advanced Research Project Agency – Energy (ARPA-E);

Lending authority to support approximately $40 billion in loan guarantees for innovative clean energy programs.

More than $108 million in new funding to advance and expand research in the areas of wind, solar and geothermal energies.

More than $550 million in new funding for NNSA's Defense Nuclear Nonproliferation program, which will accelerate the Department's efforts to implement President Obama's commitment to lead the international effort to secure vulnerable nuclear material around the world within four years.

More than $624 million increase for the NNSA's weapons activities, helping maintain the safety, security and effectiveness of the nuclear deterrent without underground nuclear testing, renewing our investment in Science, Technology and Engineering programs, and funding major long-term construction projects needed to restore critical capabilities in plutonium and uranium.

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