U.S. Department of Energy Announces First Awards under Advanced Reactor Demonstration Program

LCG, October 16, 2020--The U.S. Department of Energy (DOE) this week announced it has selected two U.S.-based teams to receive $160 million in initial funding under the new Advanced Reactor Demonstration Program (ARDP).

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PSEG Files Application to Extend Zero Emission Certificates (ZECs) for New Jersey's Carbon-Free Nuclear Power Facilities

LCG, October 2, 2020--PSEG yesterday filed applications to extend Zero Emission Certificates (ZECs) for the Salem and Hope Creek nuclear power plants in Salem County in order to preserve New Jersey's largest carbon-free source of electricity and to help New Jersey achieve its clean energy goal of 100 percent carbon-free energy supply by 2050.

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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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