U.S. Geothermal Inc. has been named as the successful bidder for Idaho Power Company's request for proposals (RFP, which was sent out last August for up to 100 megawatts (MW) geothermal electricity, enabling negotiations for a 25-year power purchase agreement (PPA) between the two companies for an annual average of 45.5 megawatts (MW).

"Considering our current negotiations with a utility in the Pacific Northwest for the full output from the planned 13 megawatt Unit 2 plant at Raft River, this PPA will provide our company up to 65 megawatts of sales under long-term agreements." -- Daniel Kunz, U.S. Geothermal Inc., president and CEO