U.S. Geothermal
U.S. Geothermal, Inc. was an independent geothermal energy company focused on the development, production and sale of electricity from geothermal energy, until its acquisition by Ormat Technologies in January 2018. The company operates three geothermal plants in the United States. located in Idaho, Oregon and Nevada, and is developing power plants in California, Nevada, Oregon as well as in Central America in the Republic of Guatemala.
Existing operations
Neal Hot Springs
U.S. Geothermal's flagship project and Oregon's first commercial Geothermal power plant is Neal Hot Springs. It came online in November 2012.Equity Partner: Enbridge, $36 B Energy Pipeline Co.
Project Loan: Lender - U.S. Dept. of Energy, Fixed 2.6% APR, 22-year term, $61.8 M balance, 60% USG / 40% Enbridge.
Power Sales Contract: Idaho Power Company, 25-year term, Contract Average Energy Price $126.36 per megawatt-hour.
22 net MW : Air Cooled, 30 MW, 14 MW.
High Reliability: Availability 2015 average 97.9%.
San Emidio Power Plant
Near-Term expansion opportunity, went on-line in May 2012.Equity Partner: None.
Project Loan: Lender - Prudential Insurance, Fixed 6.75% APR, 24-year term, $29.7 million balance.
Power Sales Contract: NV Energy, 25-year term, Contract Average Energy Price $103.52 per megawatt-hour.
10 net MW : Water Cooled.
High Reliability: Availability 2015 average 98.6%.
Raft River Power Plant
Pacific Northwest and Idaho's first Geothermal power plant. It went on-line in January 2008.Equity Partner: Goldman Sachs, Tax equity ownership structure.
Project Loan: None.
Power Sales Contract: Idaho Power Company, 25-year term, Contract Average Energy Price $66.22 per megawatt-hour, Contract Average REC price $7.10.
13 net MW : Water Cooled, 10 MW current production.
High Reliability: Availability 2015 average 95.4%