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JEA Board Approves Transaction with FPL to Close 848-MW Coal Unit in Georgia

LCG, June 30, 2020--The JEA Board of Directors in a special meeting last Friday unanimously approved a transaction that will result in closing an 848-MW unit at Plant Scherer and entering into a 20-year purchase power agreement (PPA) with Florida Power & Light Company (FPL).

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Analysis of Resource Adequacy in ERCOT - July - December 2020

LCG, June 30, 2020 - LCG Consulting just released its analysis of ERCOT for the second half of 2020, July through December.

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Industry News

Head of Trading at El Paso Steps Down

LCG, Jan. 3, 2002--The head of El Paso Corp.'s energy trading business has left the company, after having led its power, petroleum, trading and production operations.

The company previously announced two months ago that it would end its trading because of a lack of confidence from consumers and investors brought on by relevations of Enron's accounting practices. The departure of Ralph Eads, the president of the merchant energy group, comes as the company is selling assets to improve its credit rating and reduce debt.

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