U.S. Geothermal Provides Mid-Year Update (Wall Street Journal)
U.S. Geothermal Inc. provides this update on the results of its three operating projects for the first half of 2014, and status of development activities.
Neal Hot Springs, Oregon
All three units continue to operate well, with first and second quarter availabilities of 97.7% and 91.4% respectively. (Second quarter availability was impacted by 453 hours of scheduled maintenance, with availability for the balance of the quarter of at 98.3%) Generation for the first and second quarters of 2014 were 56,047 and 40,634 megawatt-hours respectively, for a total generation for the first half of 2014 of 96,681 megawatt-hours. This compared to 76,151 megawatt-hours for the first half of 2013, reflecting a 27% increase over the prior year period.
San Emidio, Nevada
The plant operated well, with first and second quarter availabilities of 99.6% and 78.2% respectively. (Second quarter availability was impacted by 439 hours of scheduled maintenance, with availability for the balance of the quarter at 97.9%) Generation for the first and second quarters of 2014 were 21,223 and 15,687 megawatt-hours, for a total generation for the first half of 2014 of 36,910 megawatt-hours. This compared to 37,267 megawatt-hours for the first half of 2013, reflecting a 1% decrease over the prior year period. While the first quarter exceeded the prior year generation by 10%, this was offset by second quarter generation falling short of prior year generation by 13% as a result of an extended outage taken in April.
Raft River, Idaho
The plant performance was exceptional, with first and second quarter availabilities of 99.5% and 94.0% respectively. (Second quarter availability was impacted by 108 hours of scheduled maintenance, with availability for the balance of the quarter at 99.1%) Generation for the first two quarters of 2014 were 21,614 and 18,067 megawatt-hours, for a total generation for the first half of 2014 of 39,681 megawatt-hours. This compared to 36,923 megawatt-hours for the first half of 2013, reflecting a 7% increase over the prior year period.
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