Louisiana regulators Wednesday rejected a $4.9 billion bid by international investors to buy Cleco.
“There is no question that this transaction brings harm to the ratepayers,” said Casey DeMoss, the head of the New Orleans-based consumer group, Alliance for Affordable Energy. The 77 concessions agreed to by the Macquarie, along with the $125 million credit, are efforts to mitigate what the experts say are possible problems for customers.
