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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

Calpine to Buy Otay Mesa Project from PG&E Unit

LCG, Dec. 19, 2000--Calpine Corp. and PG&E Corp. announced yesterday that they have reached agreement for Calpine to acquire the 500 megawatt Otay Mesa Generating Project in San Diego County.

Under the terms of the agreement, Calpine will build, own and operate the merchant power plant and PG&E's National Energy Group will contract for up to 250 megawatts of the project's output. The two companies said they were committed to bringing the plant on-line as soon as possible -- at least by the summer of 2003.

"The Otay Mesa Generating Project will be the first new power plant built in San Diego County inalmost 30 years," said Thomas B. King, president and chief operating officer of the PG&E unit's west region. "As we saw last summer, when a shortage in generating capacity led to high prices for consumers, there is a clear need for new generating capacity in the region."

The plant will be built within a 46-acre parcel located on Otay Mesa, about a mile and a half from the Mexican border. The project is in the final stages of review by the California Energy Commission, which is expected to decide in early 2001 whether to issue a license for construction. Construction is expected to begin in the third quarter of next year, unless the commission decides its power isn't needed.

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