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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

Morgan Stanley and Reliant Resources Settle Market Allegations with FERC

LCG, September 2, 2003The Federal Energy Regulatory Commission came to settlements with Morgan Stanley over alleged violations of trading rules and with Reliant over allegedly manipulative trading behavior.

Morgan Stanley has agreed to pay $857,089 in order to set aside claims that it was not in compliance with electricity market rules during the Western power crisis of 2000 and 2001.

Reliant Resources and FERC also came to an agreement over the companys allegedly manipulative electricity trades. Reliant has said it will pay $836,000 in order to bypass accusations that it double-sold ancillary services. The amount is supposed to reflect the profit that the company made by its alleged practices.

The settlements were filed on Friday. Morgan Stanleys settlement still faces FERC board approval.

FERC has encouraged companies involved in questionable behavior during 2000 and 2001 to try to settle allegations before November 3. An administrative law judge will preside over cases in November, when formal hearings begin.

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