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News
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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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LCG, January 15, 2026--Origis Energy today announced that Meta and the company signed a long-term power purchase agreement (PPA) for the 240-MW (303-MWdc) Greyhound A Solar project in West Odessa, Texas. The Greyhound A Solar project is scheduled to achieve commercial operations by mid-2026.
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Industry News
Avista Asks 10 Percent Electric Rate Hike
LCG, Dec. 4, 2001--Avista Corp. said yesterday it has asked Washington state regulators to approve a 10 percent increase in its electric rates which would go into effect next March 15.Even with the increase, Avista's residential rates would be 5.872 cents per kilowatt-hour, which the utility claims are among the lowest in the region and well below the national average of 6.8 cents.Avista said the 10 percent hike would be a uniform increase for all customer classes and would be for the generation portion of the monthly electric bill only.Scott Morris, president of Avista utilities, said his company "must improve its current financial situation. We have worked diligently to demonstrate to regulators the prudence of our wholesale power costs and have made dramatic reductions in costs in order to shore up the financial stability of the company. It is only after exhaustive efforts that we request further rate relief."Avista first found itself in uncertain financial waters in the spring of last year. On May 4, 2000, the company sold its 175 megawatt interest in the Centralia, Wash., coal-fired power plant without making arrangements for replacement power. At the same time, the California energy crisis was at its worst and sent wholesale power prices soaring throughout the West.Avista has been caught in the middle ever since. In October of this year, the company's credit ratings were slashed to below investment grade. The company has since reduced both capital expenditures and operating expenses in an effort to improve cash flows.
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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