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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

FPL to Build 1,789 Megawatt Texas Power Plant

LCG, April 18, 2001--FPL Energy, a subsidiary of FPL Group Inc. of Florida, said yesterday it will build, own and operate a 1,789-megawatt, natural gas-fired power plant in the Dallas-Fort Worth area that will be one of the largest independent generation projects in the state.

Construction of the combined-cycle facility is scheduled to begin in June with commercial operation expected in the second quarter of 2003, FPL said.

Development of the plant was begun by Cobisa Corp., which sold 95 percent of the project to FPL last year. The change was not announced at the time because of permitting uncertainties. Cobisa will retain 5 percent ownership.

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