Constellation Energy Sells 14.5 Megawatt Share in CA Geothermal Assets for .5 Million
BALTIMORE–(BUSINESS WIRE)–Constellation Energy (NYSE:CEG) today announced the sale of its interests in the Mammoth Geothermal Plant near Mammoth Lakes, CA to a subsidiary of Ormat Technologies, Inc. (NYSE:ORA) for .5 million (approximately ,000/kw). Constellation Energy and ORMAT shared a 50-50 interest in Mammoth-Pacific, L.P. (MPLP), which owns and operates the three geothermal plants …
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Constellation Energy Sells 14.5 Megawatt Share in CA Geothermal Assets for .5 Million
BALTIMORE—-Constellation Energy today announced the sale of its interests in the Mammoth Geothermal Plant near Mammoth Lakes, CA to a subsidiary of Ormat Technologies, Inc. for .5 million .
Read more on Business Wire via Yahoo! Finance
Canada’s Magma says not trying to buy up all Iceland energy
Canada’s Magma Energy, whose ongoing take-over of an Icelandic geothermal power company has caused uproar in the island nation, countered charges on Tuesday it was planning to take over the country’s entire energy sector.
Read more on AFP via Yahoo! News
GEOTHERMAL: Counties win battle but not war
Six states and 31 counties won a battle last week to have geothermal rents and royalties return to them for the 2010 fiscal year, but the war with both the federal and state governments wages on.
Read more on Lahontan Valley News
