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Enhanced Geothermal Systems May Drive Significant Growth in Geothermal Power Generation

LCG, February 19, 2026--The EIA released an "in-brief analysis" today regarding the expected completion of the first, large-scale commercial enhanced geothermal system (EGS) in June 2026, and the significant growth potential for year-round, 24x7, carbon-free, renewable EGS power generation in the United States.

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Hydrostor Announces Offtake Agreement with California Community Power for the Willow Rock Energy Storage Center

LCG, February 12, 2026--Hydrostor today announced that the Willow Rock Energy Storage Center has signed a 50 MW offtake agreement with California Community Power (CC Power) on behalf of six of its community choice aggregator members: CleanPowerSF, Peninsula Clean Energy, Redwood Coast Energy Authority, San Jose Clean Energy, Silicon Valley Clean Energy Authority and Valley Clean Energy Authority.

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Industry News

Nevada Puts Electric Dereg on Hold

LCG, April 19, 2001Nevada Gov. Kenny Guinn yesterday signed into law legislation that puts electric deregulation on hold, halts the sale of power plants by state utilities and sets a new rate structure protecting the electric companies from soaring wholesale power prices.

The state Senate and Assembly had passed the measure earlier yesterday and sent it to the governor. The bill, which was framed with an anxious eye on California to the west, is an emergency act, meaning it takes effect immediately.

"I can tell you, this is a great relief," said Guinn, himself a former utility executive. "Nothing can stop escalating costs, but we're in the best position to protect ourselves."

Walt Higgins, chief executive of Sierra pacific Resources Corp., parent company for Nevada's two electric utilities, said "This was a bold move by the legislature and the governor to focus on the real problem that threatened every consumer and business in Nevada."

The problem also threatened Higgins' company, and he too can breathe a sigh of relief. Under the provisions of the legislation, rates would be continued at their current levels, reflecting all recent increases to date, and remain stable until early next year, at which time they would be adjusted to reflect the actual costs of wholesale power and fuel over that period. If wholesale costs remain high, the legislation allows for the rates to be spread out over several years.

Lawmakers added last-minute language to the bill to make sure retail customers get a break if it turns out that Sierra Pacific's operating utilities make too much money selling wholesale power.

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