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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

North Carolina Approves CP&L-Florida Progress

LCG, Aug. 23, 2000--The North Carolina Utilities Commission yesterday approved CP&L Energy Corp.s pending acquisition of Florida Progress Corp. leaving only the Securities and Exchange Commission approval needed to complete the transaction.

The commission extracted some concessions from CP&L before giving the merger the green light. As part of the approval order, CP&L will provide a total of $29.5 million in rate reductions for its North Carolina customers. The reductions include rate cuts totaling $19.5 million over years 2002 to 2005 and a one-time reduction of $10 million in fuel costs to settle the fuel case for this year.

The commission also included a series of conditions designed to protect North Carolina customers from any adverse effects of combination of the two companies.

"The combination of CP&L and Florida Progress will benefit both customers and shareholders," predicted CP&L chief executive William Cavanaugh.

The companies expect to close the deal this fall.
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