Raser is also acquiring drilling rights on tens of thousands of acres throughout the West for future development.

I have been following RZ for quite some time and the biggest beef I have is that their PR department makes a lot of overoptimistic promises. For example the Hatch plant that went on line about a month ago was supposed to be fired up in six months from last May when they broke ground.

Their second plant in New Mexico is selling power to Salt River Project in Phoenix and that was supposed to come on line near the first of this year. The latest I have seen is that it is “near completion.”

RZ has funding commitments from Merrill Lynch for 100 MW, so it appears they should gain steam as they get more experience. Having UTX on their team has to be a big plus.

UTX lowered that to 165 degrees at Chena Hot Springs Spa in Alaska with its “reverse air conditioning.” That is what RZ is utilizing with 200KW units hooked together in tandem.

B. C. McCabe patented a binary power plant sometime before he brought in The Geysers half a century ago. At the time such plants weren’t economical.

DOE also built a binary plant on US Geothermal’s Raft River site in Idaho and operated for a few months before shipping the whole shebang to Nevada.

Anybody claiming conventional geothermal requires 450 degrees F. doesn’t know what they are talking about.

It is not only the western states that are open to geothermal but the whole country.

Querulous Vermonters in Bellow Falls decided against trying to get power from a “magic pond” (the water didn’t freeze over during the winter).

Story of geothermal. There is no end of sites available for development but there is risk – and inertia.

Best, Terry

AAPL is the stock symbol for Apple Computers
QAA is the OPTION SYMBOL for Apple Computers
‘C’ denotes March Call month
‘S’ Strike Price is $95
So QAACS is the 95 strike price March Call Option
Similarly QAAES is 95 strike price May Call Option
You can sell QAAES and get $1380 for every $10420 you invest. You can collect $9500 in 2 months if APPL trades above $95, resulting in $9500+$1380 -$10420 = $460 total profit.

Option symbols are named with the following strategy:
OPTION SYMBOL+MONTH+STRIKE PRICE

CKU is the OPTION SYMBOL for CAPITAL ONE FINANCIAL
‘C’ denotes March Call month
‘U’ Strike Price is 7.5

So ‘CKUCU’ is the call option symbol for 7.5 strike price for march which expired on March 20th

‘CKUDU’ is the call option symbol for 7.5 strike price for April which will expired on April 17th

What they are talking about is the in money covered call writes. Today on March 25th you could buy 100 stocks of COF for 1350 and sell CKUDB and get $410 immediately and then get another 1000$ on April 17th (if it trades above 10$) totaling $1410 which is a return of 4% (excluding trading charges) in 30 days.