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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
U.S. Geothermal Inc.
Type
Public
Traded as AMEX: HTM
Industry Renewable Energy
Founded 2000
Headquarters Boise, Idaho, United States
Revenue $31.2 million (As of 2015)
Website www.usgeothermal.com

U.S. Geothermal, Inc. is a leading and profitable geothermal energy company focused on the development, production and sale of electricity from geothermal energy. The company operates three geothermal plants in the United States. located in Idaho, Oregon and Nevada, and is developing power plants in California, Nevada, Oregon as well as in Central America in the Republic of Guatemala.

Become the largest pure play independent geothermal power producer in North America.

2020 Goal:

(Consolidated)

U.S. Geothermal’s flagship project and Oregon’s first commercial Geothermal power plant. It came on-line in November 2012.

Equity Partner: Enbridge (40%), $36 B Energy Pipeline Co.

Project Loan: Lender - U.S Dept. of Energy, Fixed 2.6% APR, 22-year term, $61.8 M balance (2/29/16), 60% USG / 40% Enbridge.

Power Sales Contract: Idaho Power Company, 25-year term, Contract Average Energy Price $126.36 per megawatt-hour.

22 net MW (annual average): Air Cooled, 30 MW (winter), 14 MW (summer).

High Reliability: Availability 2015 average 97.9% (excluding schedule annual overhaul).

Near-Term expansion opportunity, went on-line in May 2012.

Equity Partner: None.

Project Loan: Lender - Prudential Insurance, Fixed 6.75% APR, 24-year term, $29.7 million balance (2/29/16).

Power Sales Contract: NV Energy, 25-year term, Contract Average Energy Price $103.52 per megawatt-hour.

10 net MW (annual average): Water Cooled.

High Reliability: Availability 2015 average 98.6% (excluding schedule annual overhaul).

Pacific Northwest and Idaho’s first Geothermal power plant. It went on-line in January 2008.

Equity Partner: Goldman Sachs (5%), Tax equity ownership structure.

Project Loan: None.

Power Sales Contract: Idaho Power Company, 25-year term, Contract Average Energy Price $66.22 per megawatt-hour, Contract Average REC price $7.10.

13 net MW (annual average): Water Cooled, 10 MW current production.

High Reliability: Availability 2015 average 95.4% (excluding schedule annual overhaul)

Advanced development projects near term expectations:

Expected plant size 30 MW net. Expected on-line date - 2018. Expected cost to build $150 M. Qualified for 30% investment tax credit. Status – 5 wells drilled with 30 MW of steam currently available for production.

Expected plant size 25 MW net. Expected on-line date (phase 1) - 2018. Expected cost to build (phase 1) $140 M. Qualified for 10 year income tax holiday. Status – production well drilling in progress.

Expected plant size 10 MW net. Expected on-line date (phase 2) - 2017. Expected cost to build (phase 2) $60 M. Qualified for 30% investment tax credit. Status – production well drilling in progress.

Expected plant size (phase 1) 25 MW net. Expected on-line date (phase 1) - 2018. Expected cost to build (phase 1) $130 M. Qualified for 30% investment tax credit. Status – first well completed with additional drilling in planning.

Board Member U.S. Geothermal since 2011. Previous SVP of Calpine, prior experience at SCE/Mission and BP/ARCO. Engineer & MBA, 35 years energy management experience, 29 years in geothermal.

Co-founder of U.S. Geothermal, Engineer with 37 years in natural resource exploration, development and operation, including 13 years of geothermal experience.

Clean and renewable. No commodity risk and/or price volatility from fuel inputs. Negligible emissions. Easier permitting process in Western US. High availability versus all technologies. Qualifies for renewable incentives.

Geothermal provides base load power (24 hours/day). Wind - 34% installed capacity*

(8.2 hours/day) and Solar - 25% installed capacity* (6.0 hours/day). Efficient use of transmission. Smaller footprint/reduced visual impact. Minimal impact to wildlife. Geothermal does have: longer development lead times; higher exploration risk/cost.

* Source = U.S. Energy Information Agency

Investment goal date:
Dividends reinvested
U.S. Geothermal Inc. HTM report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-11
--
--
Q4 2017
2018-03-13
--
--
Q4 2017
2018-03-12
--
--
Q3 2017
2017-11-09
--
--
Q3 2017
2017-11-09
-0.0900
0.0000
Q2 2017
2017-08-10
-0.0200
-0.0200
Q1 2017
2017-05-10
0.0100
0.0100
Q4 2016
2017-03-09
0.0500
0.0400
Q3 2016
2016-11-09
0.0000
0.0000
Q2 2016
2016-08-09
0.0000
0.0000
Q1 2016
2016-05-10
0.0000
0.0000
Q4 2015
2016-03-10
0.0600
0.0600
Q3 2015
2015-11-09
0.0600
0.0000
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Bank of New York Mellon Corp
20775
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM
66283
DEUTSCHE BANK AG\
79048
DIMENSIONAL FUND ADVISORS LP
15007
EAGLE GLOBAL ADVISORS LLC
23063
GEODE CAPITAL MANAGEMENT, LLC
89021
GOLDMAN SACHS GROUP INC
14897
Granite Investment Partners, LLC
350757
JBF Capital, Inc.
68366
NORTHERN TRUST CORP
32889
PRIVATE MANAGEMENT GROUP INC
1635282
RENAISSANCE TECHNOLOGIES LLC
165049
Spark Investment Management LLC
19397
Vanguard Group, Inc
580053
WELLS FARGO & CO/MN
140116
Major Shareholders
Name Relationship
Total Shares
Holding stocks
Glaspey Douglas J
0.1300% (131614)
HTM /
Larkin Paul A
0.0600% (67470)
HTM /
Hawkley Kerry D
0.3000% (311982)
HTM /
Mink Leland R
0.1400% (148378)
HTM /
Kunz Daniel J
2.4300% (2521026)
HTM / SVBL /
Walker John H
0.0400% (40257)
HTM /
JCP Investment Management, LLC
11.0700% (11499530)
HTM /
Zurkoff Jonathan
0.2700% (277027)
HTM /
% ()