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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.
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October 21, 2014
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