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OESI POWER CORP. SETTLES SUIT

 OESI POWER CORP. SETTLES SUIT
 SPARKS, Nev., May 1 /PRNewswire/ -- OESI Power Corp. (NASDAQ: OESI)


announced today that on April 24, 1992, the U.S. District Court, Southern District of California, entered an order for Dismissal of Entire Action With Prejudice in the case between Magma Power Co. (NASDAQ: MGMA) ("Magma"), OESI Power Corp. and four affiliates of OESI. OESI and its affiliates were defendants in a lawsuit brought by Magma alleging that certain processes used in the Ormesa I and Ormesa II geothermal power plants infringe on a now-expired patent held by Magma. Magma filed the suit on May 11, 1990, seeking general and treble damages in an unspecified amount. OESI and its affiliates filed counterclaims against Magma for declaratory relief, unfair competition and antitrust violations. The parties have now agreed to a mutual dismissal of all claims against each other. OESI stated that the settlement will not have any significant effect on the company.
 OESI Power Corp. acquires, develops, operates and sells interests in geothermal power projects in the western United States, Alaska and Hawaii.
 -0- 5/1/92
 /CONTACT: Linda Stewart of OESI Power Corp., 702-355-5666/
 (OESI MGMA) CO: OESI Power Corp.; Magma Power Co. ST: California IN: UTI OIL SU:


TM-JL -- LA006 -- 5292 05/01/92 08:03 EDT
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Publication:PR Newswire
Date:May 1, 1992
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