US Geothermal (HTM) Gets 25MW Geothermal PPA With Idacorp (IDA)

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10:11:00 pm on December 14, 2009

U.S. Geothermal (HTM) announced this morning that its subsidiary USG Oregon LLC has signed a 25 year power purchase agreement (“PPA”) with Idaho Power, a subsidiary of Idacorp (IDA) for the sale of up to 25MW from their Neal Hot Springs project in Oregon.   Surprisingly, the stock didn’t move at all on the news, but it could very well move once the PPA is approved by the Idaho Public Utilities Commission in the next 60 – 90 days.

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