Revenue for the first nine months of 2014 was $21.08 million, compared to $17.82 million for the prior year period. EBITDA for the first nine months of 2014 was $9.69 million, compared to $7.92 million in the prior year period. Net Income for the first nine months was $1.93 million, compared to $0.45 million in the prior year period.
Recent Achievements:
- Generated fleet wide total of 69,004 megawatt-hours in the third quarter of 2014, yielding a total fleet wide generation for the first nine months of 2014 of 242,276 megawatt-hours compared to 213,184 megawatt-hours for the prior year period
- Delivered third quarter average availabilities of: Neal Hot Springs - 99.1%, San Emidio - 96.1%, Raft River - 99.7%
- Completed drilling of wells OW-14 and OW-15 for San Emidio II plant expansion
- Completed construction of new San Emidio I to II pipeline and connected it to well 61-21 (OW-10), installed a production pump, and began long term flow testing the well to San Emidio I plant
- Initiated drilling of resource confirmation well 18-10A at the Gerlach project in Gerlach, Nevada
- Finalized negotiations and signed agreement to acquire Earth Power Resources company
- Executed a new lease agreement for 80 acres of surface property, which brings the total to 97 acres of surface under lease, and constructed the EC-2 well drill pad at El Ceibillo
