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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

UBS Warburg to Reduce Trading, Leave Houston

LCG, Dec. 11, 2002--The energy trading operations of UBS Warburg Energy, a unit of Swiss investment bank UBS Warburg, will be reduced through layoffs of three-quarters of the company's Houston staff, following the cessation of trading through its online platform.

UBS Warburg's energy trading staff in Houston, which will become 90 from the present level of 380, will be brought to Stamford, Connecticut, while the Houston office will be closed. The bank has about 3,000 staff in Stamford currently. The changes are expected to be finalized by the first quarter of 2003. Ongoing trading will be conducted by telephone, a spokeswoman said.

Much of the trading operations, including the online trading platform UBSWEnergy.com, were acquired from bankrupt Enron Corp. with the understanding that 33 percent of any profits would go to Enron. The unit has been run by Enron's former president and chief operating officer, Lawrence "Greg" Whalley. UBS Warburg would not comment on Whalley's future, which is made uncertain by his being named a defendant in lawsuits against Enron.
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