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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

Reliant Resources Appoints New Board and CEO

LCG, August 12, 2003Houston-based Reliant Resources has appointed two new board members and a new chief executive officer.

Joel Staff, who served as chief executive officer of National Oilwell Inc., will take the place of Steve Letbetter, who stepped down from his position as CEO of Reliant in April.

Kirbyjon H. Caldwell, a senior pastor of the United Methodist Church, has been elected to a seat on Reliants Board of Directors. He has been involved with the Methodist church for over twenty years and is also currently taking part in the creation of a 234-acre planned community.

Steven L. Miller has also been chosen to join the Board. He is chairman and president of SLM Discovery Ventures and former CEO of Shell Oil Co. Before retiring from Shell Oil, he served 35 years with the company.

Reliant Resources will have a total of seven members on its Board of Directors, six of whom are non-employee directors.

Reliant also announced today that it will be cutting 650 jobs in an effort to reduce operating costs. 250 active jobs will be lost, 300 temporary and contract jobs will go, and 100 open positions will not be filled.

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