October 25, 2014 6:07 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.

USG Oregon LLC Achieves Commercial Operation at the Neal Hot Springs Project Located Near Vale, Oregon

U.S. Geothermal Inc. announced that on November 16, 2012 its wholly owned subsidiary, USG Oregon LLC, achieved commercial operation at the Neal Hot Springs project located near Vale, Oregon. Under the terms of the project power purchase agreement, electricity generated by the three-module power plant will now be sold to Idaho Power Company at the rate of $96.00 per megawatt-hour for the remainder of 2012 and at the rate of $99.00 per megawatt-hour for the power produced during 2013. Currently, two power modules are operating on a continuous basis, producing approximately 16 to 18 net megawatts per hour. The third power module is scheduled to begin commissioning and start-up activities during the last week of November. With three modules operating at full capacity the project is expected to generate between 165,000 to 185,000 megawatt-hours of electricity each year.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
February 24, 2014
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