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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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September 15, 2014
11:21 EDTHTMU.S. Geothermal management to meet with Maxim
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September 8, 2014
17:38 EDTHTMU.S. Geothermal initiated with a Buy at Maxim
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