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May 10, 2012, 12:28 PMU.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. | Comment!
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U S Geothermal Inc through its subsidiary is engaged in constructing, managing & operating power plants that utilize geothermal resource to produce energy. It owns & operates geothermal power plant project including Raft River, Idaho; San Emidio & Nevada.
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