Regional Climate Policy Could Damage Minnesota’s Economy

An economic study released today shows a regional cap-and-trade policy would severely handicap Minnesota’s economy, causing sharp increases in energy prices and reducing net employment in Minnesota by 21,000 jobs by 2015. The report, titled “Economic Analysis of the Impact of a Midwest Regional Climate Policy on Minnesota,” was written... 

Ventyx 2009 U.S. Power System Wall Map Captures Huge Growth in Renewable Power Investment

Ventyx®, the world’s largest private software provider to the energy and utility industry, today announced the release of the new 2009 U.S. Power System Map. Utilizing complex data from the energy industry’s most trusted source for market intelligence, Ventyx Velocity Suite, this new edition is the most detailed and up-to-date reference... 

Raser Technologies Inaugurates Utah Geothermal Plant with Advanced Technology That Can Make Geothermal a Major Source of the U.S. Energy Supply

Raser Technologies, Inc., a leader in geothermal power generation, inaugurated late yesterday its first commercial-scale power plant, in Beaver County, Utah, demonstrating the viability of advanced technology that can make geothermal a major price-competitive resource for this country’s energy supply. The plant’s output has already been committed... 

Prudential Capital Group Joins Syndicate in Raser’s Thermo Project Financing

Raser Technologies, Inc. announced that Prudential Capital Group, an institutional investment division of Prudential Financial, Inc., purchased the permanent debt financing for Raser’s 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah, from the original project financier. The approximately $31 million of non-recourse debt financing... 

AltaRock Energy Finalizes Deal with Weyerhaeuser to Explore Engineered Geothermal System (EGS) Potential on 667,000 Acres in California, Oregon and Washington

AltaRock Energy Inc. announced it had finalized agreements with Weyerhaeuser Company and the Weyerhaeuser Company Foundation allowing it to explore the potential for developing geothermal projects in California, Oregon, and Washington. The geothermal rights, totaling nearly 667,000 acres, include approximately 25,400 acres in Northern California, 378,500... 

Otter Tail Power Company to Own Part of M-Power Wind Site

Otter Tail Power Company has entered into an agreement with M-Power, LLC, to purchase a portion of its Luverne Wind Farm under development in east central North Dakota. Otter Tail Power Company’s portion of the construction-ready site can support wind turbines with a total capacity of up to 49.5 megawatts (MW). M-Power is requesting site and transmission... 

Raser Technologies Adds 20,000 Acres to Its Thermo Resource Portfolio

Raser Technologies, Inc. announced that it has signed three new lease agreements covering more than 20,000 acres of geothermal, surface and other rights near its existing Thermo resource in Beaver County, Utah. The signing of these three leases increases Raser’s total holdings in the Thermo area to over 50,000 acres. Raser recently released the results...