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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

Tampa Electric Affiliate Puts Plant On-line in Virginia

LCG, Aug. 15, 2000--An affiliate of Tampa Electric Co. threw a party yesterday morning to dedicate about half of a power plant in Accomack County, Virginia, which is across the Chesapeake Bay from the rest of the state.

The 312 megawatt Commonwealth Chesapeake Power Station is being built by Teco Power Services Corp. in two phases, and yesterdays ceremony celebrated commercial operation of the 135 megawatt first phase. The second phase is scheduled to begin production next June.

The plant was dedicated by Sen. John Warner, a Virginia Republican, and former Commerce Secretary Robert Mosbacher, whose company, Mosbacher Energy Co. is affiliated with the plants developer.

Power from the plant is sold into the PJM wholesale market, the largest centrally dispatched electricity control area in North America.

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