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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

PSEG Nuclear Receives License Extension from NRC for Salem Generating Station

LCG, July 1, 2011--The U.S. Nuclear Regulatory Commission (NRC) yesterday approved PSEG Nuclear's request to extend the operating licenses of Salem Generating Station Units 1 and 2 for an additional 20 years. The company anticipates that the NRC will announce a decision regarding the license renewal of its Hope Creek Generating Station within the next few weeks.

The initial 40-year, operating licenses for Unit 1 and 2 were scheduled to expire in 2016 and 2020. With the extensions, Unit 1 and 2 are licensed to operate through 2036 and 2040, respectively. PSEG Nuclear filed its request for the extensions in August 2009.

Salem Units 1 and 2 each have a net generating capacity of approximately 1,175 MW and are significant providers of base load, carbon-free electricity.

PSEG Nuclear's president and chief nuclear officer stated, "The license renewal of Salem is part of our ongoing commitment to provide safe, reliable energy to New Jersey and the region. Today's milestone is the direct result of our employees past and present who have played a key role in our success."

PSEG Nuclear is also continuing to pursue constructing another nuclear plant in Salem County. In May 2010, the company filed an application for an early site permit (ESP) and expects an NRC decision by the end of 2013.
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