A capacity fee is the greater of the acreage rent and 3.9 percent of sales
What the document says“The amount of a capacity fee collected under paragraph (1) shall be equal to the greater of--”
The section requires the Secretary to collect a capacity fee each year from the holder of a right-of-way for a renewable energy project, equal to the greater of the acreage rent worked out under subsection (b) and 3.9 percent of the gross proceeds from the sale of electricity the project produces.
What the document actually says“The amount of a capacity fee collected under paragraph (1) shall be equal to the greater of--”
The fee is the bigger of two figures. Those two figures follow below.
One is the acreage rent worked out earlier. The other is 3.9 percent of what the power sells for. Whichever is larger is charged.
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