The transfer of ownership of Cleco Power to a group of private investors could be complete by the end of the month, despite opponents of the deal having filed a request to rehear. The Alliance for Affordable Energy continues to speak out against the Macquarie/Cleco LBO.
“The Alliance is formally calling on the commission to solicit new ratings from credit agencies,” said Alliance CEO Casey DeMoss. “This is a matter of due diligence. The rating agencies must review all of the details of the new deal and provide a new ratings assessment. Louisiana cannot afford to be blindsided by a downgraded credit rating.”
