U.S. Geothermal makes first distribution of profits from Neal Hot Springs

|By:, SA News Editor

U.S. Geothermal (HTM) says its Oregon USG Holdings subsidiary has made its first distribution of profits from the Neal Hot Springs geothermal project.

HTM'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 Nov. 2012.

Oregon USG is owned 60% by HTM and 40% by Enbridge (ENB).