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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

Cinergy to Buy Two Enron Plants in Southeast

LCG, Dec. 13, 2000--Cinergy Corp. said yesterday that a subsidiary and Enron North America have signed an agreement for Cinergy Capital & Trading inc. to purchase for an undisclosed sum two natural gas-fired merchant electric generating facilities located in the southeastern United States.

"This acquisition in combination with our recently deregulated Ohio generation and the peakingcapacity added early this year creates for Cinergy a significant and balanced generation portfolio ofbaseload and peaking capacity," said James E. Rogers, president and chief executive of Cinergy Corp.

The acquisition consists of Enron's 494 megawatt Brownsville generation facility located inHaywood County, Tennessee and the 504 megawatt Caledonia generation facility located inLowndes County, Mississippi, both of which entered into service in June 1999.

Both facilities are located in the Southeastern Electric Reliability Council region and are interconnected to the Tennessee Valley Authority transmission system.

The completion of the acquisition is subject to, among other things, receipt of approval of theFederal Energy Regulatory Commission and expiration of the waiting period under theHart-Scott-Rodino Antitrust Improvements Act of 1976. Cinergy said it expects that regulatoryapprovals would be obtained and the transaction will close in the spring of next year.

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