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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

UK's Centrica Buys Enron's European Energy Retailer

LCG, Dec. 5, 2001--Centrica Plc, Britain's largest natural gas supplier, said yesterday it had agreed to buy Enron Corp.'s European retail arm Enron Direct for 96.4 million ($137.1 million U.S.).

Enron Direct serves about 160,000 commercial customers with long-term contracts stretching out as much as five years.

PriceWaterhouseCoopers, the accounting firm appointed last week as administrator for Enron Europe, agreed to Centrica's offer, which exceeded rival bids by Electricit de France and British utility Innogy.

Mike Alexander, managing director of the British Gas Trading subsidiary, said "This provides an ideal platform for advancing our plans for the commercial market. These long term customers represent an attractive additional market segment for Centrica."

Earlier, EdF seemed to be counting its chickens before they were hatched. Gerard Wolf, director of the French utility's chairman's office, had said "Enron Direct would fit well with our London Electricity business."

There remains a possibility that EdF could bid for Enron's 1,875 megawatt natural gas-fueled Teesside power plant in England. "We need to be more balanced in the UK. We need more generation," Wolf said.

Most of Enron Direct's business is in the UK, but there are small Spanish and Dutch units, Enron Directo and Enron Direkt.

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