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.
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.