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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

Nevada Power's Chuck Lenzie Generating Station Begins Generating Power

LCG, February 1, 2006--The Nevada Power Company, a subsidiary of Sierra Pacific Resources, announced yesterday that the first, 580-MW, electric generating plant at the Chuck Lenzie Generating Station has commenced commercial operations ahead of schedule. The second plant is scheduled to begin generating power to the grid prior to this coming summer.

The new, gas-fired, Chuck Lenzie Generating Station is located about 20 miles northeast of Las Vegas in the Moapa Valley. The station consists of two, 580-MW, combined cycle plants and receives gas from the Kern River Pipeline.

The facility, formerly known as the Moapa Power Plant, was purchased from Duke Energy Corporation in October 2004, when the project was about 50% complete. In an order related to the plant, the Public Utilities Commission of Nevada (PUCN) allowed for an additional one percent rate of return incentive for timely completion of the plant. Specifically, the plant's two units were to be on line by March 31, 2006, and June 30, 2006.

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