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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

PG&E Completes Acquisition of Power Plant from Mirant

LCG, December 1, 2006--Pacific Gas & Electric (PG&E) announced yesterday that it has completed the acquisition of a partially built, gas-fired power plant located near Antioch, California. PG&E plans to invest an additional $370 million to complete the facility, which the company received as part of a settlement agreement with Mirant related to claims of market manipulation.

The design electric generating capacity of the project is 530 MW. PG&E plans for commercial operations of the plant, renamed "Gateway," to commence in 2009.

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