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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

FERC Okays Illinois Gas Pipeline Project

LCG, July 18, 2001Kidder Morgan Inc. unit Natural Gas Pipeline Co. of America and Nicor Inc. jointly announced yesterday that the Federal Energy Regulatory Commission has approved their $79 million Horizon natural gas pipeline project in northern Illinois.

The Horizon Pipeline Co. will build 27 miles of 36-inch diameter pipe and lease 46 miles of existing pipeline from NGPL. The new facilities and leased capacity will allow Horizon to transport 380 million cubic feet of natural gas per day from near Joliet into McHenry County, connecting the emerging supply hub at Joliet with the northern part of the Nicor Gas distribution system and an existing NGPL pipeline.

Kinder Morgan chief executive Richard D. Kinder said "The project serves as a response to the great need for additional natural gas in the growing northern Illinois market, including supplies for proposed new electric power generation projects."

Thomas L. Fisher, chief executive of Nicor, said Horizon would use existing right of way, which will "reduce the environmental impact and landowner concerns about construction."

The companies said land acquisition is currently underway and construction on the pipeline is expected to begin in the fall of 2001, with completion projected in 2002.

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