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November 19, 2012
09:05 EDTHTMU.S. Geothermal's Neal Hot Springs achieves commercial operation
U.S. Geothermal announced today that on November 16 its wholly owned subsidiary, USG Oregon, achieved commercial operation at the Neal Hot Springs project located near Vale, Oregon. Under the terms of the project power purchase agreement, electricity generated by the three-module power plant will now be sold to Idaho Power Company at the rate of $96.00 per megawatt-hour for the remainder of 2012 and at the rate of $99.00 per megawatt-hour for the power produced during 2013. Currently, two power modules are operating on a continuous basis, producing approximately 16 to 18 net megawatts per hour. The third power module is scheduled to begin commissioning and start-up activities during the last week of November. With three modules operating at full capacity the project is expected to generate between 165,000 to 185,000 megawatt-hours of electricity each year.
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July 23, 2015
08:15 EDTHTMU.S. Geothermal El Ceibillo project receives approval for modified schedule
U.S. Geothermal announced that its subsidiary, U.S. Geothermal Guatemala, S.A., received final notification that the modified schedule for the El Ceibillo project was approved by the Minister of Energy and Mines. Notification of the approval by Ministerial Agreement was received on Tuesday, July 21. The Ministerial Agreement was published in the official newspaper, Diario de Centro America, on Wednesday, July 22 which starts an 8 day public comment period. The concession contract will be changed with an amendment that is expected to be signed within the next 30 days. The new modified schedule has the commercial operation date for the first phase of the project occurring during Q2 of 2018. Preparations are underway to restart the company's drilling program. The first activity planned will be the drilling of well EC-2.

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