December 21, 2014 1:03 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of USG Oregon LLC

Company Overview

USG Oregon LLC supplies electricity from geothermal energy. The company was incorporated in 2009 and is based in Boise, Idaho. USG Oregon LLC operates as a subsidiary of U.S. Geothermal Inc.

1505 South Tyrell Lane

Boise, ID 83706

United States

Founded in 2009

Phone:

208-424-1027

Fax:

208-424-1030

Key Executives for USG Oregon LLC

USG Oregon LLC does not have any Key Executives recorded.

USG Oregon LLC Key Developments

U.S. Geothermal Receives $33 Million Cash Grant from United States Department of The Treasury

U.S. Geothermal Inc. announced that its subsidiary USG Oregon LLC received a payment of $32,749,541 from the U.S. Department of Treasury. The cash grant is for Specified Energy Property in Lieu of Tax/Credits relating to the Neal Hot Springs geothermal power plant under Section 1603, Division B of the American Recovery and Reinvestment Act of 2009. The proceeds of the cash grant will be used to fund $8.5 million in plant and well field cash reserves. Approximately $13.3 million of the grant is expected to pay down the outstanding project loan with the balance available for distribution to the equity partners.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 24, 2014
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