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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

Progress Energy Subsidiaries to Take Its Name

LCG, Oct. 2, 2002--Two major Southeastern utilities that are part of Progress Energy, Florida Power and Carolina Power & Light (CP&L), will no longer use their currently recognized names starting next year.

Progress Energy originated when Carolina Power & Light acquired Florida Progress, the parent of Florida Power. Since the merger, each utility has retained its existing name. "Using one name will avoid the additional expense and complexity of supporting multiple brands and maximze the imapct and effectiveness of our communications efforts. We also believe a single brand name will help unify our employees and culture and reinforce the message that we are one company," stated William Cavanaugh, chairman and CEO of Progress Energy.

Customers of each subsidiary will still see the name of their respective utility on bills until March 2003, while the Progress Energy name begins to appear in place of the other names on equipment and in public venues. Other subsidiaries belonging to Progress Energy in non-regulated markets include Progress Ventures and Progress Fuels. While the former is involved in merchant energy generation, marketing and trading, the latter is in the business of fuel extraction.
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