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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

PJM Electric Transmission Project Stalls

LCG, March 2, 2011--PJM Interconnection, the regional grid operator, indefinitely suspended the Potomac-Appalachian Transmission Highline (PATH) project due to declining load forecasts and a corresponding reduced need for grid improvements.

American Electric Power (AEP) and FirstEnergy Corp. (FE) Monday also announced that their affiliates will request to withdraw their applications for state regulatory approval to construct the $2 billion PATH project. The joint venture project included the construction of a 765-kV, 275-mile transmission line from Putnam County, West Virginia to Frederick County, Maryland. The Public Service Commission of West Virginia yesterday agreed to dismiss the application without prejudice.

PJM Interconnection plans to further analyze the potential need for PATH as part of its continuing Regional Transmission Expansion Plan. In 2007, PJM directed PATH to be built in order to improve grid reliability and meet forecast load growth, which has not materialized with the recent recession.
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