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In Other News

The Town Talk – Cleco sale approved

3/28/2017

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​At a special session on March 28th, 2016 the Louisiana Public Service Commission approved the previously rejected Cleco/Macquarie sale. For the full story and to read the statement made by CEO of the Alliance for Affordable Energy, Casey DeMoss, click on the link listed below.

Source: The Town Talk
Website: http://www.thetowntalk.com/story/news/2016/03/28/cleco-sale-approved/82272932/
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KALB TV – Cleco sale approved by LPSC

3/29/2016

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At a special session on March 28th, 2016 the Louisiana Public Service Commission approved the previously rejected Cleco/Macquarie sale. For the full story click on the link listed below.
Source: KALB TV
Website: http://www.kalb.com/home/headlines/Sale-of-Cleco-approvec-373787741.html
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Forbes analysis of Cleco stock prices

2/24/2016

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​Forbes gives analysis of Cleco stock prices the day the Louisiana Public Service Commission ruled that the Cleco/Macquarie sale was not in the public's best interest (02/24). For the full analysis click on the link listed below.
Source: Forbes
Website: http://www.forbes.com/sites/dividendchannel/2016/02/24/cnl-crosses-critical-technical-indicator/#16a3676442c2
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The Town Talk – Cleco sale denied

2/24/2016

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​On February 24th the Louisiana Public Service Commission ruled that the Cleco sale was not in the public's best interest. For The Town Talk's full story click on the link listed below.
Source: The Town Talk 
Website: http://www.thetowntalk.com/story/news/2016/02/24/cleco-sale-rejected/80875958/
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WDSU reports on ALJ ruling that Cleco sale not in public’s best interest

2/19/2016

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WDSU TV New Orleans reports on Administrative Law Judge Valerie Seal Meiner's ruling that the proposed Cleco sale is not in the public's best interest. To view the full story click on the link listed below. Background about proposed Cleco/Macquarie sale: Cleco Power, the oldest of Louisiana’s major electric utility companies, is the target of a private equity takeover bid by a group of foreign own investment funds. The offer is a bad deal for Louisiana, as it leverages an enormous amount of debt for the takeover, allows executives and shareholders to walk away with millions, and leaves customers to pay down the debt. For more information about our opposition to the Cleco/Macquarie sale click here.​
Source: WDSU
Website: http://www.wdsu.com/news/local-news/new-orleans/judge-rules-cleco-sale-not-in-publics-interest/38082676
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The Daily Iberian – New Iberia Town Hall Meeting regarding proposed Cleco sale

2/19/2016

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​On February 18th the Alliance for Affordable Energy hosted three Town Hall meetings to inform people about the risks involved in the proposed Cleco sale. Click on the link below for The Daily Iberian's coverage of the New Iberia Town Hall meeting. Background : Cleco Power, the oldest of Louisiana’s major electric utility companies, is the target of a private equity takeover bid by a group of foreign own investment funds. The offer is a bad deal for Louisiana, as it leverages an enormous amount of debt for the takeover, allows executives and shareholders to walk away with millions, and leaves customers to pay down the debt. For more information about our opposition to the Cleco/Macquarie sale click here.
Source: The Daily Iberian
Website: http://www.iberianet.com/news/utility-up-for-sale/article_0594c1f2-d725-11e5-bc56-f39b89d4c96a.html
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The Franklin Independent discusses Cleco stock prices

2/19/2016

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​The Franklin Independent of Franklin, Louisiana discusses Cleco Power stock. For the full story click on the link listed below.
Source: The Franklin Independent
Website: http://www.franklinindependent.com/cleco-corporation-new-nysecnl-shorted-shares-increased-by-2-48/
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Equities.com discusses stock prices of Cleco Power

2/19/2016

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​Local and national entities have taken notice of the proposed Cleco sale. Equities.com reports on stock prices of Cleco Power during the month of February. February 24th is the date of the Louisiana Public Service Commission B & E meeting where Commissioners will decide if the Cleco/Macquarie sale will be approved or not. For the full story click on the link listed below. Background about proposed Cleco/Macquarie sale: Cleco Power, the oldest of Louisiana’s major electric utility companies, is the target of a private equity takeover bid by a group of foreign own investment funds. The offer is a bad deal for Louisiana, as it leverages an enormous amount of debt for the takeover, allows executives and shareholders to walk away with millions, and leaves customers to pay down the debt. For more information about our opposition to the Cleco/Macquarie sale click here.
Source: Equities.com
Website: https://www.equities.com/news/cleco-corp-cnl-is-trading-lower-on-unusual-volume-for-february-19
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WWL ‘The Think Tank’ discusses proposed Cleco sale

2/19/2016

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​WWL Radio's 'The Think Tank' with Garland Robinette interviews CEO of the Alliance for Affordable Energy, Casey DeMoss and President of Cleco Power, Darren Olagues about the proposed Cleco sale. To hear the interviews click on the link below. Background about proposed Cleco/Macquarie sale: Cleco Power, the oldest of Louisiana’s major electric utility companies, is the target of a private equity takeover bid by a group of foreign own investment funds. The offer is a bad deal for Louisiana, as it leverages an enormous amount of debt for the takeover, allows executives and shareholders to walk away with millions, and leaves customers to pay down the debt. For more information about our opposition to the Cleco/Macquarie sale click here.
Source: WWL Radio
Website: http://media.wwl.com/a/113355311/the-think-tank-1210pm-purchase-of-cleco.htm
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The Reading Eagle reports on proposed Cleco sale

2/18/2016

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​The Reading Eagle of Reading, PA reports on the Administrative Law Judge ruling that the Cleco sale is not in the public's best interest. To read the full story click on the link listed below. Background about proposed Cleco/Macquarie sale: Cleco Power, the oldest of Louisiana’s major electric utility companies, is the target of a private equity takeover bid by a group of foreign own investment funds. The offer is a bad deal for Louisiana, as it leverages an enormous amount of debt for the takeover, allows executives and shareholders to walk away with millions, and leaves customers to pay down the debt. For more information about our opposition to the Cleco/Macquarie sale click here.
Source: The Reading Eagle
Website: http://www.readingeagle.com/ap/article/judge-rules-cleco-sale-not-in-publics-interest
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Proposed Cleco takeover – ALJ recommends against sale

2/17/2016

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​Cleco Power, the oldest of Louisiana's major electric utilities, is the target of a private equity takeover by a foreign-owned investment group, Macquarie Infrastructure and Real Assets, based in Sydney, Australia. "Administrative Law Judge Valerie Seal Meiners joined commission staff in recommending against the sale as currently structured." The Alliance for Affordable Energy has continuously spoken out against this proposed sale. For more details about the proposed Cleco sale click on the link below.
Source: The Town Talk - Alexandria, LA 
Website: http://www.thetowntalk.com/story/news/2016/02/17/judge-rules-cleco-sale-not-public-interest/80463174/
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Alliance for Affordable Energy
Phone: (504) 208-9761
P.O. Box 751133
New Orleans, LA 70175

Copyright © 2019 · Alliance for Affordable Energy
  • Home
  • Who
  • What
    • Consumer Protection and Education >
      • Health Impact Assessment
    • Clean Energy >
      • Renewable Portfolio Standard- NOLA
    • Energy Efficiency
    • Past Work
  • How
    • New Orleans City Council
    • New Orleans Dockets >
      • UD-19-01 RPS
      • UD-18-07 ENO Rate Case
      • UD-18-06 ENO 90 mW Solar
      • UD-18-05 RFP
      • UD-18-04 Whole Building Data
      • UD-18-03 Community Solar
      • UD-18-02 EV Charging
      • UD-18-01 Smart Cities
      • UD-17-05 5mW DG Solar
      • UD-17-04 Reliability
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      • UD-16-04 AMI
      • UD-16-02 NOPS
    • LA Public Service Commission
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  • Learn
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  • Get Involved
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