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Merrill Lynch Commodity Partners invests in Vulcan Power

Merrill Lynch Commodity Partners (MLCP), the principal energy investment business of Merrill Lynch, has closed on a $35 million principal investment in Vulcan Power Company.

Vulcan is a private entity holding one of the largest geothermal property portfolios in the United States including properties in California, Nevada, Oregon, and Arizona. The MLCP investment is the first stage of a $150 million private round of financing by Vulcan to develop prime geothermal property with potential to gen