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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

Dominion Resources Completes Exit from Latin America

LCG, Oct. 13, 2000Sempra Energy International, a subsidiary of utility holding company Sempra Energy Inc., said yesterday it has completed the purchase of Dominion Resources Inc. natural gas and electricity assets in Argentina for $145 million.

The deal, which has been approved by Argentine anti-trust authorities, completes Dominion's exit from Latin America.

Thomas E. Capps, Dominion's chairman, president and chief executive, said "The transaction will enable Dominion to enhance the company's debt structure and de-leverage its balance sheet. And itadvances our long-term strategy to divest non-core assets and focus our resources on energy markets in the Midwest, Northeast and Mid-Atlantic regions of the United States."

The principal asset Sempra acquired was an additional 21.5 percent interest in Sodigas Pampeana and Sodigas Sur, raising its total stake to 43 percent. The Sodigas firms are holding companies for Camuzzi Gas Pampeana and Camuzzi Gas del Sur, which serve a combined 1.2 million customers in central and southern Argentina.

Camuzzi Argentina owns the controlling 57 percent interest in the Sodigas companies. Sempra agreed to sell one of the assets acquired from Dominion, a 25 percent interest in Baeco which is a holding company for electric distributor Empresa Distribuidora de Energia Atlantica, to Camuzzi for an undisclosed sum.

Camuzzi Argentina is a subsidiary of Italian Camuzzi Gazometri.

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