Raser to Bid toward 30 MW of Renewable Energy to California

Provo, Utah [RenewableEnergyAccess.com] Raser Technologies, Inc. has been selected for the shortlist in the power purchase bid process by a major California utility to provide 30 megawatts (MW) of clean, renewable electric power to California for 15 years. Final negotiations on this contract are expected to be complete in the fourth quarter of 2007. Rasers Power Systems segment seeks to develop clean, renewable geothermal electric power plants.

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