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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

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LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, August 14, 2024 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage.

Read more

Industry News

1,271 Office Workers to Lose Jobs in Entergy-FPL Deal

LCG, Nov. 15, 2000--The merger between Entergy Corp. and FPL Group Inc. will cost 1,271 office workers their jobs in New Orleans and Juno Beach, Fla., according to a filing with the Arkansas Public Service Commission.

Details of the merger were filed with Arkansas regulators because Entergy's Entergy-Arkansas unit is that state's largest electric utility. The two companies announced the $7 billion combination on July 31.

Entergy spokeswoman Yolanda Pollard explained yesterday that the job cuts will come at each of the two companies head offices. "These are corporate administrative and technical support areas," she said. "This will eliminate redundant positions between the two headquarters."

The filings said the job cuts will save the new company about $1.12 billion over the next 10 years. Most of the layoffs will occur shortly after the merger becomes final. The companies expect to close the transaction late next year.

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