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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

CA Central Valley Transmission Expansion to Begin

LCG, September 16, 2003Energy officials announced that $330 million has been provided for electricity transmission expansion along a California bottleneck.

Pacific Gas & Electric Company (PG&E), Trans-Elect, and the Western Area Power Administration (WAPA) have formed a public-private partnership to construct the transmission upgrade, which will expand Path 15, an 84-mile, high-voltage line in Californias Central Valley.

PG&E has agreed to pay for improving interconnections to add the new line to existing infrastructure. Trans-Elect will own 72 percent of transmission rights on the new line, and WAPA will own and maintain the lines.

The project was contracted for $87.8 million to Arizona-based Maslonka & Associates.

Path 15 consists of three 500-kV lines between Northern and Southern California. However, between Los Banos and Gates substations, only two lines were constructed. A third line will add 1,500 megawatts of transmission capacity.

The California Independent System Operator voted to upgrade path 15 in June 2002 and expects the improved transmission to save Californians between $100 and $300 million per year.

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