|
On February 24th the Louisiana Public Service Commission ruled that the proposed Cleco sale was not in the public's best interest. For KADN's coverage of the 02/24 LPSC meeting click on the link listed below.
Source: KADN Website: http://www.cajunfirst.com/news/local-news/cleco-buyout-rejected
0 Comments
On February 24th the Louisiana Public Service Commission ruled that the Cleco sale was not in the public's best interest. For Law360.com's coverage of the Cleco sale rejection click on the link listed below.
Source: Law360.com Website: http://www.law360.com/assetmanagement/articles/763737/la-utility-regulators-nix-4-7b-cleco-sale-to-investor-bloc On February 24th, 2016 the Louisiana Public Service Commission ruled that the Cleco sale was not in the public's best interest. For the full Utility Dive insight about the denial of the Cleco sale click on the link listed below.
Source: Utility Dive Website: http://www.utilitydive.com/news/louisiana-psc-rejects-cleco-acquisition-by-international-consortium/414551/ At the Louisiana Public Service Commission B & E meeting on February 24th the LPSC voted against the sale of Cleco to a group of foreign investors. "Public Service Commission Chairman Clyde Holloway described the sale of Cleco to Macquarie as “Wall Street greed” during the panel’s meeting on Wednesday. “It’s all hedge funds,” he said" There are other foreign investors interested in purchasing U.S. utilities, so many investor groups have been paying close attention to what the Louisiana PSC has to say about this proposed sale. Read more about Bloomberg News coverage of the proposed Cleco sale.
Source: Bloomberg News Website: http://www.bloomberg.com/news/articles/2016-02-24/macquarie-led-buyout-of-cleco-rejected-by-louisiana-regulator 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 On February 24th, 2016 Louisiana Public Service Commissioners ruled that the sale of Cleco Power to Macquarie Infrastructure and Real Assets is not in the public's best interest. For The Advocate's full coverage of the 02/24 Louisiana Public Service Commission meeting click on the link listed below.
Source: The Advocate Website: http://theadvocate.com/news/14976675-172/utility-regulators-reject-5-billion-sale-of-cleco 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/ On February 24th the Louisiana Public Service Commission denied the sale of Cleco utility to a group of foreign investors lead by Sydney-based Macquarie Infrastructure and Real Assets. The sale presented many long-term risks that the LPSC deemed not in the public interest. Read here about what the Alliance for Affordable Energy's CEO had to say about the February 24th meeting.
Source: The Town Talk Website: http://www.thetowntalk.com/story/news/2016/02/24/cleco-sale-rejected/80875958/ At the February 24th meeting the Louisiana Public Service Commission ruled that the $ 5 billion sale of Cleco to foreign investors was not in the public interest. Read The Advocate’s coverage of the proposed Cleco sale.
Source: The Advocate Website: http://theadvocate.com/news/14976675-172/utility-regulators-reject-5-billion-sale-of-cleco The Chairman of the Louisiana Public Service Commission Clyde Holloway has stated publicly that he does not support the proposed Cleco sale. KALB TV reports on Chairman Holloway's statement about the proposed Cleco sale. For the full story click on the link below
Source: KALB TV Website: http://www.kalb.com/home/headlines/Commissioner-Clyde-Holloway-releases-statement-on-proposed-sale-of-Cleco-369878411.html New Orleans Sun Times discusses the upcoming vote by the Louisiana Public Service Commissioner to approve or not approve the proposed Cleco sale. For the full story click on the link listed below.
Source: New Orleans Sun Times Website: http://neworleans.suntimes.com/nola-business/7/126/341049/5-billion-cleco-sale-up-for-final-approval-wednesday The proposed sale of Cleco to a group of foreign investors has raised a lot of questions. Alexandria, LA's 'The Town Talk' answers some frequently asked questions about the proposed Cleco/Macquarie sale. 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.
Officials, like Louisiana Public Service Commissoner Clyde Holloway and Administrative Law Judge Valerie Seals Meiner have agreed that the proposed Cleco sale is not in the public interest. Many Louisiana citizens also agree that this deal is not good for the people of Louisiana. Click on the link below to read a letter to the editor written by a Louisiana man who opposes the proposed Cleco sale.
Source: The Town Talk Website: http://www.thetowntalk.com/story/opinion/2016/02/22/mail-cleco-sale-best-interest/80631858/ 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 The proposed sale of Cleco to a group of foreign investors has caught the eye of Bloomberg News columnists. For Bloomberg News coverage about the proposed Cleco sale click on the link below. 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: Bloomberg News Website: http://www.bloomberg.com/gadfly/articles/2016-02-19/cleco-deal-shows-plight-of-infrastructure-investors-in-america 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 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 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/ 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 The Alliance for Affordable Energy held a Town Hall meeting in New Iberia, LA. 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. For more details about the proposed Cleco sale click on the link below for further coverage. Customers and officials have real concerns about the risk involved in this deal. Click on the link below for in-depth coverage of the New Iberia 02/18 Town Hall meeting hosted by the Alliance for Affordable Energy.
Source: The Advocate Website: http://theadvocate.com/news/14917704-86/customers-officials-concerned-about-proposed-sale-of-cleco 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. The Alliance for Affordable Energy (The Alliance) has continuously spoken out against this proposed sale. The Alliance will hold three Town Hall meetings on 02/18 to educate the public and answer questions about the proposed Cleco takeover. For further details of KLFY's coverage of the Town Hall meetings click on the link below.
Source: KLFY Website: http://klfy.com/2016/02/18/cleco-to-hold-town-hall-meeting-tonight-in-new-iberia-about-company-being-taken-over/ 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. The Alliance for Affordable Energy (The Alliance) has continuously spoken out against this proposed sale. The Alliance will hold three Town Hall meetings on 02/18 to educate the public and answer questions about the proposed Cleco takeover. For more details about the proposed Cleco sale click on the link below for further coverage.
Source: Red River Radio Website: http://redriverradio.org/post/cleco-takeover-bid-focus-town-halls-many-madisonville-new-iberia#stream/0 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 KALB TV coverage of Administrative Law Judge Valerie Seal Meiner's ruling that proposed Cleco sale is not in the public's best interest. For KALB TV's coverage of ALJ Meiner's ruling on proposed Cleco sale click on the link below. 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: KALB TV Website: http://www.kalb.com/home/headlines/Administrative-Law-Judge-Cleco-sale--369294501.html The Alliance for Affordable Energy will hold a Town Hall meeting in New Iberia, LA. The Town Hall meetings are being held to educate the public about the risk involved in the proposed Cleco takover. 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. For more details about the proposed Cleco sale click on the link below for further coverage.
Source: KPEL Website: http://kpel965.com/town-hall-meeting-about-cleco-in-new-iberia/ |
Archives
March 2023
Categories
All
|
RSS Feed
|
|
If you want to be a frontline soldier on environmental protection, social justice, or environmental racism, come to Louisiana” –Gary Groesch, Founder of AAE
|
View our events calendar for important upcoming community events and public meetings!
|
Support our work- ensure fair, affordable, and environmentally responsible energy for all.
501(c)3 IRS Notice |
Copyright © 2022 · Alliance for Affordable Energy