Nevada Power steams forward: Company considers geothermal stake in Northern Nevada

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http://www.lvrj.com/business/36922099.html

Dec. 31, 2008
Copyright © Las Vegas Review-Journal

Nevada Power steams forward

Company considers geothermal stake in Northern Nevada

By JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL

The electric utility serving Las Vegas is preparing to consider its first investment in a geothermal power project in Northern Nevada, using a method just approved by state regulators.

Nevada Power Co., which does business as NV Energy, plans to enter a joint ownership agreement with Ormat Nevada, a geothermal development company in Reno, for the Carson Lake Geothermal Power Project near Fallon.

The joint ownership agreement only will be entered if Ormat determines it can build a geothermal power plant that will generate 30 megawatts or more of electricity, said NV Energy renewable energy executive Tom Fair.

If Ormat's drilling, which is going on now, indicates a lesser amount of generation capacity, Nevada Power will allow Ormat to develop it as 100 percent owner, Fair said.

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