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Stock Market & Financial Investment News

News Breaks
March 10, 2014
08:25 EDTHTM, ENBU.S. Geothermal announces first distribution from Neal Hot Springs project
U.S. Geothermal (HTM) announced today that Oregon USG Holdings LLC has made its first distribution of profits from the Neal Hot Springs project. Oregon USG Holdings is owned 60% by U.S. Geothermal and 40% by a subsidiary of Enbridge (ENB). Under the terms of the U.S. Department of Energy loan agreement, profits are distributed to the equity partners semi- following Final Completion, which was achieved on August 1, 2013. U.S. Geothermal's share of this first distribution is $4.6M, out of a total distribution to the partners of $7.7M, which represents profits generated from the project since initial operation began in November 2012.
News For HTM;ENB From The Last 14 Days
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October 23, 2014
08:19 EDTHTMU.S. Geothermal sees year-end results at 'higher end' of guidance
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October 21, 2014
12:54 EDTENBTransCanada delays seeking approval for $11B Energy East line, Bloomberg says
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October 16, 2014
08:13 EDTHTMU.S. Geothermal acquires Earth Power Resources for 692,769 shares of stock
U.S. Geothermal announced that it has signed an Agreement and Plan of Merger to acquire Earth Power Resources, or EPR. Under the terms of the Agreement, EPR will be merged with and into U.S. Geothermal. EPR shareholders will receive a total of 692,769 shares of U.S. Geothermal stock in exchange for all outstanding shares of EPR stock. EPR will have no outstanding debts or unpaid obligations at the time the transaction closes. The transaction is expected to close by the end November following shareholder approval by EPR Shareholders. The assets acquired from EPR include geothermal leases covering 26,017 acres in Nevada representing three projects, as well as EPR's complete geothermal resource database of new project opportunities located throughout the western United States. EPR's management evaluated and compiled the database over its nearly 40 years of geothermal exploration experience. Resource reports prepared for EPR over the past several years by GeothermEx, a consulting geothermal engineering firm, provide estimates that the energy potential contained within the three projects is in the range of 158 to 359 megawatts.
October 14, 2014
07:54 EDTENBEnbridge should be bought by long-term investors on weakness, says BMO Capital
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