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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

Orion Power to Buy Columbia Electric Corp.

LCG, Oct. 3, 2000Orion Power Holdings Inc., an independent power producer created in the restructuring of Baltimore Gas & Electric Co., said yesterday it will acquire Columbia Electric Corp., the electric generation subsidiary of Columbia Energy Group., for $200 million in cash.

Orion will also assume debt associated with projects under development or construction by Columbia electric.

Columbia will sell power plants already in operation prior to Orion's acquisition of the company. Orion will get two power plants under construction and several in various stages of development. The two under construction are the Liberty Electric project, a 568 megawatt combined-cycle plant in Eddystone, Pa., and the 500 megawatt simple-cycle Ceredo Electric Generation Station in Wayne County, W.Va.

Among the plants in an advance stage of development are the 1,650 megawatt combined-cycle Kelson Ridge Generating Station in Charles County, Md., and the 500 megawatt simple-cycle Henderson Generating Station in Henderson County, Ky.

Ceredo is scheduled to begin commercial operation early next year, Liberty in early 2002, and Kelson and Henderson in 2004.

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