U.S. Geothermal Acquires Development Rights for Oregon Location

U.S. Geothermal Inc. (HTM), the Boise, Idaho-based developer of renewable-energy projects, acquired development rights for a 368-acre site in Oregon to evaluate the potential for new power plants.

The rights were acquired from private landowners, Malheur County and the city of Vale, U.S. Geothermal said today in a statement. Terms weren’t disclosed.

The Vale Butte site is about 12 miles (19 kilometers) east of the company’s Neal Hot Springs power plant, which was completed in August.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Robin Saponar

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