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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

ElectriCities Warns: Slow Down on Dereg

LCG, Dec. 21, 2000--ElectriCities of North Carolina Inc., casting an eye 3,000 miles west to California's trouble electricity market, urged lawmakers in its home state yesterday to study deregulation further before doing anything rash.

ElectriCities, which represents 72 community electric systems in North Carolina, said the state legislature's Study Commission on the Future of Electric Service in North Carolina "should conduct further studies as to the actual impact of deregulation on all segments of consumers before legislation proceeds."

This is a turnaround for the agency, which previously endorsed an aggressive approach to deregulation. Times have changed, ElectriCities said, because of:

  • Problems with deregulation in California and other states.

  • A rise in wholesale prices for natural gas.

  • Insufficient study on market domination.

  • The need for public hearings to determine actual utility stranded costs.

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