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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

Enron Seeks Monopoly Exemption for Portland Utility

LCG, Oct. 7, 2002--Bankrupt Enron Corp., which owns the utility Portland General Electric (PGE) in the state of Oregon, has sought to have the utility made exempt from decades-old Public Utility Holding Company Act legislation barring monopolies.

Companies that conduct business in a single state may apply for such an exemption. A hearing will be conducted by the Securities and Exchange Commission on whether PGE meets this requirement.

One area to be examined is Portland General's 20-percent ownership of the Pacific Northwest Intertie, across which power flows between Oregon and California. The agency will try to determine how much revenue PGE earns from power deliveries at the Mid-Columbia trading hub.

Enron has put the utility up for sale, and a deadline for bids is set for November.
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