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Entergy official promises new industrial power demands can be met

Entergy official promises new industrial power demands can be met

Entergy can guarantee power for any new projects that are part of the expected industrial renaissance in Louisiana, says John Hurstell, the utility's vice president for system planning.

DATE: October 22, 2014 | CATEGORY: Daily Report

La. fishing industry worries new EPA mandate could lead to larger Gulf dead zone

La. fishing industry worries new EPA mandate could lead to larger Gulf dead zone

Nitrogen run-off from the nation's booming corn belt is the single largest source of nutrient pollution in the Mississippi River basin, which drains a stunning 41% of the waterways in the contiguous United States. And as National Geographic...

DATE: October 22, 2014 | CATEGORY: Daily Report

Tigerland property owners meet with officials to work on neighborhood cleanup

A group of some two dozen business and property owners in Tigerland is meeting this afternoon with Metro Councilman John Delgado, State Rep. Pat Smith, representatives from the Baton Rouge Police Department and other city-parish leaders to come up...

DATE: October 21, 2014 | CATEGORY: Daily Report

Cleco to be bought by Australian-led investors for $3.4B

An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion. The group will pay $55.37 in cash for each share of Cleco, which owns the regulated electric utility Cleco Power. That...

DATE: October 20, 2014 | CATEGORY: Daily Report

Feds move ahead with plans for central Gulf auction

The Obama administration is moving ahead with plans to sell offshore drilling rights in the central Gulf of Mexico. As FuelFix.com reports, the Interior Department's Bureau of Ocean Energy Management on Thursday issued a formal "notice of sale" for...

DATE: October 17, 2014 | CATEGORY: Daily Report

BESE split of trust fund revenue upsets some members

Led by Superintendent of Education John White, the state's top school board has ignored its advisory council's advice about how to divide revenues generated by a trust fund created from an offshore oil settlement. As The Advertiser reports,...

DATE: October 15, 2014 | CATEGORY: Daily Report

Underlying assumptions

Underlying assumptions

Louisiana is an unusual state in many respects. Because of its relatively low concentration of employment in the durable goods industry (4.6% employment versus 6.4% nationally) Louisiana tends to get hammered less by national recessions than other...

DATE: October 15, 2014 | CATEGORY: News

The outlook for Baton Rouge

The outlook for Baton Rouge

There are an estimated 394,200 jobs in this MSA, the second largest behind New Orleans. It is the largest MSA in the state in terms of number of parishes—nine, including East Baton Rouge, West Baton Rouge, Livingston, Ascension, Iberville, St.

DATE: October 15, 2014 | CATEGORY: News

Executive summary

In our 33 years of penning the Louisiana Economic Outlook, we have observed the economy go through some wild swings. One time it is a devastating set of hurricanes that causes a huge, permanent exodus of people from our borders. Another time...

DATE: October 15, 2014 | CATEGORY: News

Around the state

We are projecting that the New Orleans MSA employment will add 8,300 jobs (+1.5%) in 2015, and 9,000 jobs in 2016 (+1.6%). These are excellent growth rates. In fact, there have been only seven years since 1980 when this MSA's growth rate exceeded...

DATE: October 15, 2014 | CATEGORY: News

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