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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

Duke Announces New Virginia-North Carolina Pipeline

LCG, Oct. 25, 2000--Duke Energy Gas Transmission yesterday announced plans to expand its East Tennessee Natural Gas system by building a 95-mile extension from Virginia into North Carolina.

Called the Patriot Extension, the new pipeline will bring natural gas service to portions of southwestVirginia for the first time and introduce a competitive supply of natural gas to North Carolina fromAppalachian and Gulf Coast producers, Duke said.

Duke Energy Gas Transmission is the Houston-based division of Duke Energy Corp. responsible for the company's interstate natural gas pipeline operations. The company said the extension, the centerpiece of a $215 million project, will run from the East Tennessee system in Wythe County, Va., cross Carroll, Patrick and Henry counties in Virginia and terminate in Rockingham County, N.C.

"Our discussions with potential Virginia and North Carolina customers showed a strong need foradditional natural gas supplies, supply diversity, transportation and competition in the region," said Robert B. Evans, president of the Duke unit.

Duke said the 24-inch diameter pipeline will be coupled with East Tennessee system mainline enhancements to initially transport 200 million cubic feet of natural gas per day beginning in fall 2002. The pipeline extension is expandable, in increments, to 600 million cubic feet per day.

Following formal shipper meeting to be held over the next two months and a binding open season for capacity on the extension, Duke will file an application for the Patriot Extension with the Federal Energy Regulatory Commission.

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