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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: Associated Press/ABC News Website: http://abcnews.go.com/Business/wireStory/louisiana-regulators-approve-cleco-corporation-sale-37999579
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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 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/ 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/ 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.
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 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 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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