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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 Approves Enron 750 Megawatt Plant

LCG, Dec. 21, 2000--Enron North America said yesterday that it has received unanimous approval from the California Energy Commission for its 750 megawatt Pastoria Energy Facility, which is located in Kern County, southwest of Bakersfield. The project was announced in late 1998.

"This decision represents our second permit of an efficient, clean-burning power plant that will helpCalifornia overcome the tremendous energy shortfall the state has experienced this year," said DavidParquet, vice president, Enron North America.

The company recently sold its first project in California, the 508 megawatt Pittsburg District EnergyFacility, to Calpine Corp., which renamed it Los Medanos Energy Center, will build it and have it in commercial operation next year.

Parquet said "We have more than 2,000 megawatts of additional new projects under development in California, and we're eager to move forward with these plans to provide more generating capacity to the state."

So long as Californians keep burning megawatts as if they were free, the state need all the power plants it can get.

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