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NERC's New Annual Assessment Shows Rapid Demand Growth Increasing Resource Adequacy Risks Across North America

LCG, January 30, 2026--The North American Electric Reliability Corporation (NERC) yesterday issued its 2025 Long-Term Reliability Assessment (LTRA) and infographic that spotlight intensifying resource adequacy risks throughout the North American bulk power system (BPS) over the next 10 years.

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Sage Geosystems Announces Funding for Next-generation Geothermal Power Generation Project

LCG, January 21, 2026--Sage Geosystems, the company pioneering Pressure Geothermal, today announced that it closed over $97 million in Series B funding to advance its geothermal power generation and energy storage solutions, including its first commercial next-generation geothermal power generation facility. Ormat Technologies, a vertically integrated company engaged in geothermal and recovered energy generation ("REG"), and Carbon Direct Capital, a growth equity investment firm, co-led Sage’s Series B round, representing the full backing of Sage and Pressure Geothermal technology from leaders in geothermal energy and growth capital.

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Industry News

Nine Mile Point 2 Shuts Down for Maintenance

LCG, Feb. 26, 2001Niagara Mohawk Power Corp. took its 1,148 megawatt Nine Mile Point 2 nuclear power plant near Oswego, N.Y. out of service yesterday for scheduled maintenance expected to last a week.

None of the work involves the reactor itself, the company said. During the outage, improvements will be made to the electric transmission switchyard adjacent to the plant and to an indicator that shows the position of a flow control valve in the reactor's recirculation system.

Niagara Mohawk operates Nine Mile Point 2 and owns 41 percent of the facility. Other owners are New York State Electric & Gas Corp. with 18 percent, Long island Power Authority with 18 percent, Rochester Gas & Electric Co. with 14 percent and Central Hudson Gas & Electric Co. with 9 percent.

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