New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 7, 2014
08:11 EDTHTMU.S. Geothermal agrees to acquire Ram Power's Geysers project for $6.4M cash
U.S. Geothermal announced that it has signed a Stock Purchase Agreement to acquire Ram Power Corp.'s Geysers project for $6.4M in cash. The Ram subsidiaries included in the transaction are Western Geopower, Skyline Geothermal Holdings, and Etoile Holdings, which, in turn, includes all membership interests in Mayacamas Energy and Skyline Geothermal. The transaction, which is subject to customary closing conditions, is expected to close on or before April 30. The acquisition will be funded with cash on hand.
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