New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
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.
News For HTM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 26, 2015
08:16 EDTHTMU.S. Geothermal provides company update
U.S. Geothermal provides this update on the results of its three operating projects for the Q4, and the status of development activities. "All three units, at Neal Hot Springs, Oregon, have been, and are operating smoothly, with Q4 availability of 98.3%. Total generation for the fourth quarter was 54,472 megawatt-hours, which is a result of excellent availability and low seasonal temperatures. Under the terms of our Power Purchase Agreement, or PPA, November and December generation for 2014 was paid at a seasonally adjusted price of $123.34 per megawatt-hour, which is 120% of the 2014 average contract price, while October was paid at the average 2014 contract price of $102.78. For 2015, the average contract price will increase from $102.78-$106.79 per megawatt-hour. At San Emidio, Nevada, the plant performance was exceptional, with Q4 availability of 99.2%. Total generation for Q4 was 21,745 megawatt hours. Under the terms of our PPA, generation during the quarter was paid at the price of $91.17 per megawatt-hour. There is no seasonal adjustment under this power purchase agreement. For 2015, the contract price will increase from $91.17 to $92.08 per megawatt-hour. At Raft River, Idaho, the plant performance was exceptional, with Q4 availability of 97.3%. Total generation for Q4 was 20,614 megawatt-hours, as a result of excellent availability and low seasonal temperatures."

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use