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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

Springfield Citizens Vote Down New Power Plant

LCG, August 4, 2004--In an unusual set-back for a municipal power provider, voters in Springfield, Missouri yesterday voted down a new, coal-fired power plant proposed by City Utilities of Springfield (CU). The 300-MW plant was estimated to cost $578.5 million and was proposed to meet Springfield's growing demands for power, which CU officials forecast will exceed CU's supplies by 2007 or 2008.

The vote was 19,587 for and 21,073 against the plant, with all Greene County precincts reporting. Voters were deciding whether to accept a 16 percent electric rate increase spread over four years to help pay for the new, Southwest 2 plant. Door-to-door campaigning was heavy, with labor union members and the Springfield Area Chamber of Commerce supporting the plant. Opponents of the proposed plant included Rate Payers for Affordable Utilities, who questioned the need. CU was not allowed to campaign directly.

With the proposed plant rejected, CU will need to develop a new plan acceptable to its citizens to serve the growing power demands of the area.

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