FPL Group, Entergy shareholders approve merger

At special shareholder meetings held in New York and New Orleans, 96.9 percent of FPL Group shareholders and 98.8 percent of Entergy shareholders who cast ballots voted in favor of merging the organizations into one company that will be the nation’s largest electric utility and power producer. The numbers represent 79.5 percent of FPL shares outstanding and 78.3 percent of Entergy shares outstanding.

Dec. 18, 2000—Cutting the price cap on bids to $150/MWh from $1,000/MWh could deter the “very power generation” needed to moderate prices and ensure reliability, the New York Independent System Operator said in response to a recommendation by the Public Service Commission of New York (PSC) staff.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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