U.S. Geothermal Inc. (
) is up 4.8% after providing an update on three of its operating
Neal Hot Springs, Oregon: HTM reports that all three modules are
operating and for the past three days have averaged 22.4 net
megawatts per operating hour (31.5 gross megawatts). Under the
terms of the PPA, November and December generation is paid at a
seasonally adjusted price of $115.20 per megawatt-hour, which is
120% of the 2012 contract price. The equipment supply contractor
has stated its intention to commence required plant performance
testing this week.
San Emidio, Nevada: Performance testing was concluded in
October, and the San Emidio power plant has continued to operate on
a normal basis. In November the plant grossed 12.41 megawatts and
achieved 94.6% availability for the month. December operations were
interrupted for 3 days due to the failure of an electrical
component in a variable frequency drive. The plant has averaged
9.65 net megawatts per operating hour at 82.2% availability for
December to date. Work continues on finalizing a long term loan
which is now anticipated to close in January.
Raft River, Idaho: Operated continuously through the quarter
with 99.5% operating availability and has averaged 9.61 megawatts
per operating hour. The plant achieved 100% operating availability
for both October and November. Due to warmer than normal fall and
winter temperatures, power generation this year has been less than
HTM is trading at $0.44 in a 52-week range of $0.26 - $0.71.
Shares have increased 8% in the last 12 months.
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