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Duke Energy Renewables to Install 200-MW Wind Project in Texas

LCG, April 12, 2019--Duke Energy Renewables, a commercial business unit of Duke Energy, yesterday announced it will build, own and operate the MesteƱo Wind Project, located in southern Texas. The power generated by the 200-MW project will be sold into the ERCOT market, and Duke Energy Renewables will enter into a long-term hedge agreement covering the majority of the expected wind energy production. Construction has commenced, and the project is scheduled for completion by year-end.

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FPL Announces Plans for 409-MW Battery Storage System

LCG, April 3, 2019--Florida Power & Light Company (FPL) recently announced a plan to build the world's largest solar-powered battery system, the Manatee Energy Storage Center, as part of a modernization plan to accelerate the retirement of two, 1970s-era natural gas generating units at FPL's neighboring Manatee Power Plant.

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Industry News

Entergy Announces Possible Price and Volume Misreport

LCG, August 12, 2003Today the Entergy Corporation said that some of its employees may have inadvertently submitted incorrect price and volume data to industry publications.

Entergy said that prices might have been presented incorrectly, but the company had not found that employees tried to intentionally manipulate indices.

The corporation was ordered to give gas and electricity trading data to the Securities and Exchange Commission this April. Entergys records are still under review.

Today an Entergy spokeswoman also announced that the company plans to lay off roughly seven percent of its employees, or 1,000 people, in order to focus on the nuclear operations. Entergy hopes to eliminate the jobs by the end of the year through voluntary severance packages.

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