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Strategies & Market Trends : Aardvark Adventures
DAVE 203.85+0.5%Dec 3 3:59 PM EST

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To: ~digs who wrote (2334)4/8/2007 4:58:48 AM
From: ~digs  Read Replies (2) of 7944
 
NGLPF.ob

Mar 5, 2007 -- Nevada Geothermal Power Inc. today announced that the Nevada Public Utilities Commission has approved on February 8, 2007, the 20-year Power Purchase Agreement (PPA) with Nevada Power Company, a subsidiary of Sierra Pacific Resources. Under the contract, the 'Faulkner 1 Power Plant' at Blue Mountain will supply between 18.75 MW and 31.25 MW (net) of electrical power; expected to come on line in 2009. The contract is for the purchase of electrical power and Renewable Energy Credits by Nevada Power Company to meet the requirement of the Nevada's Renewable Portfolio Standard (20 percent of renewable energy to supply their customers by 2015). biz.yahoo.com



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