Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  US Geothermal Inc    GTH

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

U.S. Geothermal Inc. : $10.7 Million Cash Grant Received for San Emidio Project

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/15/2012 | 05:15pm CET


November 15, 2012
In the U. S.: NYSE MKT: HTM and in Canada: TSX: GTH

U.S. GEOTHERMAL RECEIVES $10.7 MILLION CASH GRANT FOR SAN EMIDIO GEOTHERMAL POWER PROJECT BOISE, Idaho, November 15, 2012 (NYSE MKT: HTM, TSX: GTH) U.S. Geothermal Inc., a leading renewable energy development company focused on the development, production and sale of electricity from geothermal energy, announced today that its wholly owned subsidiary USG Nevada LLC received its $10.7 million cash grant from the U.S. Department of Treasury. The cash grant is for Specified Energy Property in Lieu of Tax/Credits relating to the San Emidio geothermal power plant under Section 1603, Division B of the American Recovery and Reinvestment Act of 2009. An existing $7.5 million bridge loan and its associated administrative costs have been paid in full with the balance of $2.9 million retained by the Company.

Electrical energy from the new power plant is being sold for $89.75 per megawatt hour ("MWH"), subject to a 1% annual escalator, under the terms of a 25-year power purchase agreement with Sierra Pacific Power Company. Using the existing production and injection wells, the new San Emidio plant is projected to generate an average of approximately 75,000
MWHs of electrical power each year and replaces an existing facility that, prior to being removed from service, generated approximately 23,000 MWHs annually for some 20 years.

About US Geothermal:

U.S. Geothermal Inc. is a leading renewable energy development company that is operating geothermal power projects at Raft River, Idaho and San Emidio, Nevada. The Neal Hot Springs, Oregon project, which is currently under start up commissioning, is the company's third operating power project.
Please visit our Website at: www.usgeothermal.com

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Saf Dhillon - Investor Relations
U.S. Geothermal Inc. Tel: 866-687-7059
Fax: 208-424-1030 saf@usgeothermal.com

The information provided in this news release may contain forward-looking statements within the definition of the Safe Harbor provisions of the

US Private Securities Litigation Reform Act of 1995. These statements are based on U.S. Geothermal Inc.'s current expectations and beliefs and

are subject to a number of risks and uncertainties that can cause actual results to differ materially from those described, including but not limited to, the actual results of the production and injection compared to management's forecasts and projections at San Emidio and Neal Hot Springs. Readers are cautioned to review the risk factors identified by the company in its filings with Canadian and US securities agencies. Fmward­ looking statements are based on management's expectations, beliefs and opinions on the date the statements are made. U.S. Geotherrnal Inc. assumes no obligation to update fmward-looking statements if management's expectations, beliefs, or opinions, or other factors, should change.

The NYSE MKT and the TSX do not accept responsibility for the adequacy ofthis release.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on US GEOTHERMAL INC
02/22 U.S. Geothermal Inc. to Host Conference Call to Discuss Fourth Quarter and Ye..
02/16 US GEOTHERMAL INC : Change in Directors or Principal Officers (form 8-K)
02/07 US GEOTHERMAL : Geothermal Inc. - Update on Development and Expansion Projects
02/06 U.S. GEOTHERMAL INC. : Provides Update on Development and Expansion Projects
02/06 U.S. GEOTHERMAL INC. : Provides Update on Development and Expansion Projects
01/31 US GEOTHERMAL INC : Change in Directors or Principal Officers, Financial Stateme..
01/31 U.S. GEOTHERMAL INC. : Expands Board and Appoints Ali G. Hedayat to Its Board of..
01/23 NETWORKNEWSBREAKS – U.S. GEOTH : HTM) Reaffirms 2016 Guidance, Offers Outl..
01/23 US GEOTHERMAL : U.S. Geothermal (HTM) Down on Guidance
01/23 U.S. GEOTHERMAL INC. : Provides Year-End Operating Plants Update, Confirms 2016 ..
More news
Sector news : Electric Utilities - NEC
02/27DJCLP : 2016 Net Profit HK$12.71 Billion
02/26DJIBERDROLA : Wind Farm Divides North Carolina Republicans
02/23DJVECTOR : 1st Half Net Profit Rises
02/22 British Gas to launch 100 million pound customer loyalty scheme
02/22 Britain's Ofgem has power to impose energy tariff price cap - CEO
More sector news : Electric Utilities - NEC
News from SeekingAlpha
2016 THE INVESTMENT TAX CREDIT : Sorting Through The Political Rhetoric
2016 US Geothermal's (HTM) CEO Dennis Gilles on Q4 2015 Results - Earnings Call Tr..
2016 US Geothermal reports FY15 results
2016 Underrated Small-Cap In Renewables
2015 Renewable On Sale With High Dividend Yield To Come In 2016
Advertisement
Financials ($)
Sales 2016 31,1 M
EBIT 2016 9,10 M
Net income 2016 1,10 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 106,00
P/E ratio 2017 70,67
Capi. / Sales 2016 2,58x
Capi. / Sales 2017 2,42x
Capitalization 80,2 M
More Financials
Chart US GEOTHERMAL INC
Duration : Period :
US Geothermal Inc Technical Analysis Chart | GTH | US90338S1024 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 5,60 $
Spread / Average Target 32%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Dennis J. Gilles Chief Executive Officer & Director
Douglas J. Glaspey President, Chief Operating Officer & Director
John H. Walker Chairman
Kerry D. Hawkley Chief Financial Officer, Secretary & Controller
Leland L. Mink Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
US GEOTHERMAL INC0.00%80
DUKE ENERGY CORP5.59%56 397
SOUTHERN CO2.66%49 265
DOMINION RESOURCES, IN..0.54%48 178
IBERDROLA SA-2.01%42 923
EXELON CORPORATION4.76%33 764
More Results