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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

We Energies' Oak Creek Project Commences Commercial Operation

LCG, February 10, 2010--We Energies announced that commercial operations of Unit 1 of the Oak Creek project commenced last week. We Power LLC, a subsidiary of Wisconsin Energy, owns the 615-MW, coal-fired unit and is leasing the output to We Energies, which is responsible for plant operation and maintenance.

The Oak Creek Project includes a second, 615-MW, supercritical pulverized coal unit that is scheduled to be completed in the third quarter. MG&E and WPPI Energy are partners in the project and own 200 MW of capacity of the two units.

We Energies overcame a number of hurdles in order to complete the project. The application was filed with the Public Service Commission of Wisconsin (PSCW) for approval to build the project in February 2002, and the PSCW approved the project in November 2003. In November 2004, the Dane County Circuit Judge ruled that the WPSC's approval violated state statutes and that the WPSC must restart the approval process. Project construction began on June 29, 2005, a day after the State Supreme Court reversed the Circuit Court's decision.
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