U.S. Geothermal Inc. and Enbridge Inc. Host FERC Chairman Jon Wellinghoff at
Ribbon Cutting of Oregon's First Commercial Geothermal
VALE, OREGON -- (Marketwired) -- 09/06/13 -- U.S. Geothermal Inc.
(NYSE MKT:HTM)(TSX:GTH) and Enbridge Inc. (NYSE:ENB)(TSX:ENB) today
will host a ribbon-cutting ceremony to mark the completion of the
first commercial geothermal power plant to be built in the State of
Oregon. The Neal Hot Springs Geothermal Plant located near Vale,
Oregon, was developed by U.S. Geothermal, a leading renewable energy
company focused on the development, production, and sale of
electricity from geothermal energy. Enbridge, a North American leader
in delivering energy and one of the Global 100 Most Sustainable
Corporations, is an equity partner in the venture.
FERC Chairman Jon Wellinghoff and Douglas Schultz, Director of
Origination for the U.S. Department of Energy's Loan Programs Office
(LPO), along with other national, state, and county government
officials, were on hand to participate in the event. Chairman
Wellinghoff was previously a member of U.S. Geothermal's Board of
Directors prior to accepting his FERC commission, and was on the
Board at the time development of the project was first undertaken.
Mr. Schultz leads the LPO's lending activities focused on innovative
alternative energy projects in the United States including solar,
wind, geothermal, biofuels, clean fossil, nuclear, and the related
transmission and extraction infrastructure.
The Neal Hot Springs Project was the first geothermal project to
obtain a loan guarantee under the DOE's Title XVII loan guarantee
program, which was created by the Energy Policy Act of 2005 to
support the deployment of innovative clean energy technologies. The
Neal Hot Springs deployed the first of its kind binary cycle process,
utilizing a supercritical cycle that uses R134a refrigerant as the
working fluid, an innovative air-cooled condenser, as well as
pre-fabricated modular construction of major plant components.
"We are extremely pleased to be honored with such distinguished
guests at our grand opening celebration for our Neal Hot Springs
project. We are very excited to unveil not only U.S. Geothermal's
first power plant in Oregon, but also the first commercial geothermal
power plant in the State," said Mr. Dennis Gilles, Chief Executive
Officer of U.S. Geothermal Inc. "The completion of this historic
renewable energy plant marks an important step in expanding the
contribution of geothermal energy in the United States to help meet
our country's effort to become more energy independent."
"As an energy delivery company, Enbridge is proud of its growing list
of renewable and alternative energy technology projects," said Chuck
Szmurlo, Vice President, Alternative and Emerging Technology,
Enbridge Inc. " Over the past few years we've invested more than
three billion dollars in a variety of green power projects, creating
a strong base of assets which now includes investments in 12 wind
farms and four solar facilities with a capacity to generate over
1,700 MW of emissions free energy."
"Geothermal energy is a natural progression for Enbridge's renewable
energy portfolio. As owners and operators of solar and wind projects,
we understand that in order for renewable energy to become a larger
part of the electricity system, we need to deal with the intermittent
nature of the source - the sun isn't always shining and the wind
doesn't blow all the time, but the heat of the earth is constant and
not intermittent," Szmurlo added.
About U.S. Geothermal Inc.:
U.S. Geothermal Inc. is a leading renewable energy company focused on
the development, production and sale of electricity from geothermal
energy and is operating geothermal power projects at Raft River,
Idaho, San Emidio, Nevada and Neal Hot Springs, Oregon. The company
is developing El Ceibillo, an advanced stage, steam geothermal
prospect located within a 24,710 acre (100sq km) energy rights
concession area located 8.5 miles (14 km) from Guatemala City, the
largest city in Central America.
The information provided in this news release may contain
forward-looking statements within the definition of the Safe Harbor
provisions of the US Private Securities Litigation Reform Act of
1995. These statements are based on U.S. Geothermal Inc.'s current
expectations and beliefs and are subject to a number of risks and
uncertainties that can cause actual results to differ materially from
those described, including but not limited to, the results from the
exploration, production and injection well drilling at El Ceibillo.
Readers are cautioned to review the risk factors identified by the
company in its filings with Canadian and US securities agencies.
Forward-looking statements are based on management's expectations,
beliefs and opinions on the date the statements are made. U.S.
Geothermal Inc. assumes no obligation to update forward-looking
statements if management's expectations, beliefs, or opinions, or
other factors, should change.
The NYSE MKT and the TSX do not accept responsibility for the
adequacy of this release.
About Enbridge Inc.:
Enbridge Inc., a Canadian Company, is a North American leader in
delivering energy and has been included on the Global 100 Most
Sustainable Corporations. As a transporter of energy, Enbridge
operates, in Canada and the U.S., the world's longest crude oil and
liquids transportation system. The Company also has a significant and
growing involvement in the natural gas gathering transmission and
midstream businesses, and an increasing involvement in power
transmission. As a distributor of energy, Enbridge owns and operates
Canada's largest natural gas distribution company, and provides
distribution services in Ontario, Quebec, New Brunswick and New York
State. As a generator of energy, Enbridge has interests in over 1,600
megawatts of renewable and alternative energy generating capacity and
is expanding its interests in wind, solar and geothermal energy.
Enbridge employs more than 10,000 people, primarily in Canada and the
U.S., and is ranked as one of Canada's Greenest Employers, and one of
the Top 100 Companies to Work for in Canada. Enbridge's common shares
trade on the Toronto and New York stock exchanges under the symbol
ENB. For more information, visit www.enbridge.com. None of the
information contained in, or connected to, Enbridge's website is
incorporated in or otherwise part of this news release.
U.S. Geothermal Inc.
U.S. media line: 877-496-8142
Press spacebar to pause and continue. Press esc to stop.