The results of the Blue Mountain power plant are included in Alternative Earth's results up to March 28, 2013, on which date the Company transferred its interest in the project to Blue Mountain Power, LLC, a subsidiary of EIG Global Energy Partners ("EIG"), which had been the mezzanine lender on the project.
Alternative Earth continues to operate the power plant through its subsidiary, Nevada Geothermal Operating Company ("Opco"), and is providing some management and administrative services during a cooperative transition period. The transfer of the Company's investment in the Blue Mountain project to EIG resulted in the recognition of a gain of $80.9 million in the quarter ended March 31, 2013.
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