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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

California Orders Load Shedding for Second Straight Day

LCG, Dec. 6, 2000--The California Independent System Operator yesterday ordered the state's three investor-owned utilities to curtail deliveries to customers with interruptible service contracts in order to keep demand from outstripping available reserves.

The Cal-ISO even asked people to not turn on their holiday lights until after 7:00 p.m., even though it gets dark around 5:00 p.m. and the time to show off your lighted house is when commuters are getting home from work.

Southern California Edison Co. even asked customers to put off doing laundry until after dinner, but it was the holiday lights that got attention. Suzanne Middleburg, a SoCal Ed spokeswoman, said "We've found that more and more people are hanging Christmas lights, and they use more energy than people think."

Middleburg estimated that Christmas lights alone have boosted demand by 1,400 megawatts for SoCal Ed. "For every string you hang up, you essentially turn on another light in the house," she said.

Cal-ISO spokesman Patrick Dorinson sighed "We seem to have avoided a stage three emergency due to a combination of factors," and thanked Californians "for heeding our appeals to conserve energy." The state has had a lot of "Stage 2" power emergencies this year -- more than 20 during the summer -- but never a "Stage 3," which would call for involuntary rolling blackouts.

Though the California Energy Commission has said there will be more than 52,000 megawatts of power available to the state next summer, the Cal-ISO was hard-pressed yesterday to come up with 33,000 megawatts.

A good part of the problem was 11,000 megawatts of generation being shut down. Most of the plants were down for maintenance, after running non-stop all summer, but about 4,700 megawatts of generation in Southern California was idle because the plants had used up their emissions allowances for the year.

During the summer shortages, part of the blame was placed on the decreased amount of power available in the Pacific Northwest for import into California. Now, there is none. Washington and Oregon are having power supply problems of their own, with wholesale prices soaring over $1,000 per megawatt-hour (see related story).

The federal government said it had ordered its facilities in California to conserve energy and had released 220 megawatts of emergency power from the Glen Canyon Dam in the Grand Canyon to ease the shortage.

Cal-ISO said it would ask the South Coast Air Quality Management District, which has threatened to sue plants that exceed their emissions allowances, to lighten up.

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