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US Geothermal Inc (HTM)

  • May. 10, 2012, 12:28 PM
    U.S. Geothermal (HTM +10.2%) begins performance testing on its new San Emidio power plant. During testing, all power generated will be sold at $50/megawatt-hour; upon acceptance of commercial operation by NV Energy (NVE), the power rate will increase to $89.75/megawatt-hour with a 1% annual escalation.
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Company Description
U.S. Geothermal Inc., through its subsidiary, is engaged in the acquisition, development and utilization of geothermal resources in the Western Region of the United States of America. It currently constructs, manages and operates power plants.
Sector: Utilities
Country: United States