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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

California PUC Approves $1 Billion Refund

LCG, September 4, 2003—The California PublicUtilities Commission has decided to give utilitycustomers a $1.002 billion refund reflecting areduction in emergency power purchased.

Customers of Pacific Gas & Electric Company,Southern California Edison, and San Diego Gas &Electric will get a one-time bill credit. Theutilities serve about 28 million people on 10.3million electricity accounts.

The PUC has already stated that Pacific Gas &Electric customers will not receive a credit rightaway since the utility is still involved in bankruptcyproceedings.

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