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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

Communications of FERC Commissioners and Analysts Under Scrutiny

LCG, Apr. 30, 2003--The office of the inspector general of the Department of Energy is investigating a conference call conducted by Federal Energy Regulatory Commission chairman and commissioner Nora Mead Brownell, during which the commissioners may have broken FERC rules regarding "ex parte" communications.

The Public Utility District No. 1 of Snohomish County, Wash., asked last week that Wood and Brownell recuse themselves from a ruling on whether long-term contracts signed by the utility district should be overturned, . The request was refused, based on the commissioners' response that no more had been said regarding the commissioners not having found a reason to overturn the contracts than was said at an open meeting held earlier. A summary of the call with Wall Street analysts was posted by the FERC, and indicated that the conversation covered issues surrounding the 2000-2001 Western energy crisis.

The probe by the DOE's office of the inspector general followed a request related by Sens. Joseph Lieberman, D-Conn., and Maria Cantwell, D-Wash., to Inspector General Gregory Friedman. A spokeswoman for Friedman, Wilma Slaughter, said "the office of the inspector general is initiating a preliminary inquiry into the matters raised by Senators Lieberman and Cantwell."
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