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.