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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

NYSE&G to Sell Interest in Nine Mile 2 After All

LCG, Oct. 27, 2000--New York State Electric & Gas Co. has changed its mind again about selling its 18 percent interest in the 1,140 megawatt Nine Mile Point 2 nuclear power plant near Oswego, N.Y.

The utility, a subsidiary of Energy East Corp., told the Federal Energy Regulatory Commission in a filing two days ago that it had decided to join with Niagara Mohawk Power Corp., the plant's operator and majority owner with a 41 percent interest, in an auction of their interests in Nine Mile Point 2.

Niagara Mohawk is sole owner of the 615 megawatt Nine Mile Point 1 plant at the same site. The Fitzpatrick nuclear plant belonging to the New York Power Authority is also located on the property.

Earlier this year, NYSE&G said it would sell its interest as part of an auction arranged by Niagara Mohawk. Then, on September 29, the company issued a statement saying that maybe this was not the best time to be selling nuclear power plants. Now, apparently, the plan is on again.

Niagara Mohawk agreed last month to be acquired by National Grid Plc of the United Kingdom in a deal expected to close late next year.

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