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67 WALL STREET, New York – September 22, 2009 – The Wall Street Transcript has just published its Alternative Energy/Clean Energy/Power Generation/Utilities Report report offering a timely review of the sector to serious investors and industry executives. This 83 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Long Term Perspective on Alternative Energy Industry — Leading Indicators for Alternative Energy Components Companies — Mergers and Acquisitions in the Alternative Energy Industry — Break Even Business Fundamentals for Carbon Free Energy Providers — Development of Carbon Free Energy Production Infrastructure — NAT GAS Act — New Players in the Alternative Energy Industry — Solar Power Cell Manufacturers Market Strategy — Demand Response for Raw Materials for Solar Cell Production — Alternative Energy Investment Opportunities — Multiple Stock Winners in Carbon Free Production Industry — Government Funding of Alternative Energy Power Providers — Chinese Solar Energy Companies — Alternative Energy Hedge Fund Investors — Commodity Cycles — Determinants of Market Valuations in the Alternative Energy Production Industry — Carbon Emissions Statistics — Energy Efficiency Statistics — Innovations in Solar and Wind Power Generation — Business Economics for Methane Based Power Generation — Electric Vehicles Projections and Statistics– Cap and Trade Projections and Statistics — Development of Battery Technology — Regulatory Environment Developments for Solar, Wind, and Alternative Energy — Hybrid Vehicles Development and Sales Projections

Companies include: Tanfield (TAN.L); Smith Electric Vehicles U.S.; Valence (VLNC); Spire (SPIR); Newport (NEWP); MYR Group (MYRG); Primoris (PRIM); Tetra Tech (TTEK); EnerNOC (ENOC); Comverge (COMV); EnergyConnect (ECNG.OB); Calgon Carbon (CCC); and Ener1 (HEV); Westport Innovations (WPRT); Clean Energy Fuels (CLNE); Fuel Systems Solutions (FSYS); FuelCell Energy (FCEL); FEI Company (FEIC); Veeco (VECO); AT&T (ATT); Landi Renzo (LR.MI); Teleflex (TFX); Royal Dutch Shell (RDS.A); Wal-Mart (WMT); Pepsico (PEP); FuelMaker; Chevrolet; GM; Honda (HMC); Itron (ITRI); Siemens (SI); American Superconductor (AMSC); GE (GE); and ABB (ABB);

In the following brief excerpt from the 83 page report, Daniel Kunz, CEO of U.S. Geothermal, discusses the outlook for the sector and for investors.

TWST: Please provide a brief overview of the company and some highlights from its history?

Mr. Kunz: The company is a geothermal energy company involved in the development of geothermal resources in the United States for the production and sale of electricity. The geothermal aspect of our company makes us a renewable energy company. We have currently two producing power plants, one in Idaho and one in Nevada. We are working on developing a new site in Oregon for our third power plant. And then in addition to that we intend to expand the production from our existing power plants in Idaho and Nevada.

TWST: Would you talk about some of the changes that have lowered costs and made your business a more economically viable alternative?

Mr. Kunz: In the past, Geothermal had to compete with a much lower energy price environment when installed capacity from hydroelectric, from coal-fired power plants and gas plants were the dominant generating source. And several decades ago, the costs for those sources were quite low. Today with energy prices rising, with the recognition that fossil fuel-sourced power carries with it an environmental component in the form of carbon, mercury and other emissions, and the idea that there is a price volatility associated with energy, oil drives that volatility and natural gas prices. Today Geothermal can compete on a basis because of those factors. And then there is one other feature – the geothermal energy industry now has been made part of some new grants, and incentives and tax credits that for a decade the wind industry had. And it’s similar in structure and, in many ways, the incentives that the oil industry has for drilling, and that is that these are tax incentives designed to attract investment into the sector. These are important additions that have also contributed to the economic viability.

TWST: What is the status of the Raft River project?

Mr. Kunz: Raft is our first project. It was the flagship for our company in the early days when we first started. This was the place that we focused a lot of our attention, and the reason is that we had an existing well field there that the DOE, Department of Energy, developed back in the late 1970s. By 1982 they had a demonstration power plant at Raft River, showing that the binary cycle technology could work on a commercial scale. They had a 5- to 7-megawatt plant there, and that was during an energy crisis era – Jimmy Carter’s days and so on. By the early 1980s, “Reaganomics” had stepped in, the energy crisis had abated and the project, the demonstration site was shut down. We acquired it in the early-2000 era, and we decided that what we wanted to do is commercialize that existing well field by building a brand new generation power plant on top of it. So that’s what we did. The power plant went commercial on January of 2008, and it has been operating since. It’s a 13-megawatt net power plant, that’s how much power it will make net to the market. It has been doing about 11 megawatts now. We still have a couple of more megawatts to go, and we are looking for improvements and to earn some wells to get there.

TWST: What about Neal Hot Springs and San Emidio?

Mr. Kunz: San Emidio, seleyed earthquake stuff, is the name of the desert in San Emidio Valley in Nevada, where our power plant is located. We acquired that about a year ago now – a year since May – and it’s a small plant. It’s a 3.5-megawatt plant that has been operating for over 27 years, and it’s an old generation. It’s a small plant, and it had suffered from the lack of quality maintenance. So when we acquired it, what we recognized is that it was an opportunity to re-power it to do the same thing, build a new generation power plant on the resource and use the existing hot water from the earth to fuel a new plant. So that’s our current business plan that we are working on. We expect that plant to go up to about 10 megawatts with the same flow rate that is currently doing about three. That business plan is underway and now one of our current activities is developing San Emidio. The second power project you mentioned was – actually our third is Neal Hot Springs in Oregon. This is a discovery situation where in the late 1970s, again, Chevron Minerals was drilling, looking for hot steam geothermal resources, and they ran into this resource. But in those days the binary cycle wasn’t perfected, so they weren’t interested in a 300-degree resource. So we acquired it, we drilled a well there, a very good-producing well, and now we are starting to drill more production wells. In fact, drilling starts in 10 days there. It’s a subject also of a development program, but we were under the Department of Energy’s Loan Program, they announced that recently. So Neal Hot Springs will be a 22-megawatt development plant. We were selected to negotiate and are part of a due diligence effort now for a Department of Energy loan. It’s up to an 80% loan, and it’s based on a principle where we are going to apply enhanced technology, new or innovative technology. Since then what we are doing is taking the current stage of the binary cycle technology, for example, the same one we have at Raft and at Neal, but enhancing certain aspects of it. And by doing that, hopefully will be able to extract more electricity from the same hot water flow. We are working with the technology provider to do that, and they have been selected as part of the DOE program that’s qualifying under criteria for that. So we are excited to be able to put this into motion. It’s about a 20-month program there and about 18 months at San Emidio. So with the two things going parallel, our company expects to have three power plants under production in the next two years.

The Wall Street Transcript is a unique service for investors and industry researchers – providing fresh commentary and insight through verbatim interviews with CEOs and research analysts. This 83 page special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online .

The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.

For Information on subscribing to The Wall Street Transcript, please call 800/246-7673

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