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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

Montana Regulators Seek Delay for Electric Competition

LCG, Oct. 31, 2000-- An insufficiency of competitors has prompted the Montana Public Service Commission to propose a two-year delay in opening the state's retail electricity market to competition.

Will Rosquist, a staff economist, said yesterday that the commission now wants to open the power market in July 2004 because of limited choices and currently high prices. "There are not enough competing suppliers out there to keep in check monopoly pricing," he said.

Montana's 1997 electric restructuring law calls for the market to be fully open on July 1, 2002, but allows the commission to extend the transition period by two years if the regulators find that the extra time is necessary to give customers a real choice from among competitive suppliers.

Rosquist said that although Montana has ample generation, California's power shortages have affected the state. Wholesale prices in the Pacific Northwest are closely related to those in California because that state imports up to 25 percent of its power during periods of peak demand.

The economies in other northwestern states have also increased demand, particularly in the Seattle area. For that reason, prices paid for electricity from Montana's large power plants such as the 2,250 megawatt Colstrip complex have risen.

Wholesale power prices are now higher than the 1998 level at which Montana's rates were capped by the restructuring law. For that reason, Energy West Resources, the only alternative retail supplier doing business in the state, decided to call it quits. Energy West's 1,000 customers will default to Montana Power Co.

Another problem facing the commission is that 23 of Montana's 25 rural electric cooperatives had chosen to pass up the opportunity to restructure. The co-ops account for almost half of Montana's power supply.

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