Denham Capital Management, LP, a private equity firm, through its affiliate, made an additional investment of $108 million in preferred and common stock of Vulcan Power Company, a developer of geothermal energy projects. The financing represents Denham's second equity investment in Vulcan, bringing its total investment in the company to $166 million. Earlier in July 2008, Vulcan secured an initial investment of $58 million from Denham.

The investment enables Vulcan to continue its ongoing development of properties, representing more than 300MW of estimated geothermal resources. The capacity, once operational, will provide renewable energy for up to 300,000 households.

Vulcan is developer of clean & renewable power projects. Its geothermal property portfolio consists of approximately 170,000 acres of geothermal properties in Nevada, California, Oregon and Arizona. The other shareholders of the company include an investing division of Bank of America Merrill Lynch.

* Indicates Mandatory