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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

Back to the Drawing Board for Salem Harbor Plant

LCG, July 13, 2004--The Federal Energy Regulatory Commission (FERC) issued an order last week for PG&E National Energy Group Inc. - the bankrupt owner of the Salem Harbor Power Plant - to work with ISO New England and others to develop a better plan to address the $85 million environmental cleanup of the plant. The FERC did not approve the plans that would have Eastern Massachusetts electric customers pay environmental cleanup costs.

If an agreement on a new plan that addresses the FERC's concerns is not delivered within 60 days, the FERC will order a full investigation to determine if the plan "may be unjust, unreasonable...or otherwise unlawful."

The Salem Harbor power station includes three coal-fired generating units totaling 313 MW, plus 450 MW oil-burning unit. PG&E has requested ISO New England officials to shut down the plant, given its lack of funds to pay for the environmental cleanup costs. However, from a system reliability perspective, ISO New England sees the plant as needed to avoid blackouts. "The ISO is pleased that the FERC recognizes that a reliability operating agreement for Salem Harbor will be needed until power system conditions improve in the Greater Boston area," said Ellen Foley, a spokeswoman for ISO New England.

Those interested in purchasing the plant from PG&E must address the uncertainties regarding who carries the $85 million cost for environmental clean-up, plus the potential impact of transmission upgrades that would effectively (a) increase the competition between Salem and other generating stations and (b) reduce its "reliability" value from ISO New England's perspective.

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