SALT LAKE CITY (AP) — An underground reservoir in southwestern Utah could be the source of the first geothermal plant in the state in 23 years.

Provo-based Raser Technologies Inc. believes it hit enough hot water to keep a power plant cycling continuously but still is studying the site, an official said Wednesday.For competitive reasons, Raser won’t say exactly where in the desert it hit hot water or how deep it had to drill.

“We anticipate this will be a site of a geothermal plant,” said Richard Putnam, Raser’s investor-relations director.

The 10-megawatt plant would generate enough power for 7,000 houses. read article