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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

Power Plant Decision Delayed in Oklahoma

LCG, Aug. 13, 2003--A Oklahoma Corporation Commission vote that was to have taken place this Monday on a proposed cogeneration plant was delayed by the commissioners, who will hear further testimony about the possible economic merits of the independent power station.

At issue is whether utility American Electric Power-Public Service Co. of Oklahoma can make purchases under contract from the plant less expensively than it can buy power from the market and generate from its own resources. The utility has come down strongly against the plant, while its figures are disputed by the legal counsel for plant developer Energetix Co., Deborah Thompson.

The town of Lawton, where the proposed natural gas-fired plant would be built, does not have strong transmission ties to the northeastern part of Oklahoma, where much of the utility's generators produce power, according to Court Newkirk, the economic development director of the Lawton Chamber of Commerce. Newkirk says that growth in the town is increasing the need for power.

Under the Public Utility Regulatory Policy Act, a utility such as AEP-PSO is required to obtain power from independent generators when the cost is lower than that of self-supply. The utility's management, which would need to purchase 7 percent of its requirements from the Lawton plant if it were built, bases its argument on projections of natural gas prices, while Energetix bases its cost comparison on what is says are the utility's actual generation costs.
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