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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

Guilty Plea Submitted in Gas Data Reporting Case

LCG, Dec. 11, 2003--A former El Paso Corp. vice president, Todd Geiger, pleaded guilty today in federal district court in response to charges of false reporting of natural gas trading data to an industry publication.

Geiger's plea covered one count of falsifying data, out of hundreds of falsely reported trades that were alleged in a statement submitted to the court by Assistant U.S. Attorney John Lewis. The data in question was provided to Inside FERC, a publication of Platts, which is owned by McGraw-Hill Cos.

Mr. Lewis said before Judge Nancy Atlas, "We plan to work with Mr. Geiger as we continue our investigation into false reporting to trade journals." Geiger, who is cooperating with investigators, was first indicted last year in the matter of trade data reported in 2001. According to George Murphy, Jr., who represents the 39-year-old Geiger, his client "has documented a number of calls to Inside FERC complaining about fraud and manipulation of the index."
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