On July 22nd, 2016 Entergy New Orleans' filed a request to restructure the New Orleans utility company. For more details on the proposed restructuring please click on the link below.
Source: Nola.com/The Times-Picayune Website: http://www.nola.com/business/index.ssf/2016/07/entergy_new_orleans_restructur.html
0 Comments
Entergy New Orleans will now be forced to provide hard data behind the proposal to build a Natural Gas Combustion Turbine power plant. The Alliance for Affordable Energy has been paying close attention to the Integrated Resource Plan and Entergy's application to build a new Natural Gas Combustion Turbine power plant in New Orleans East. For more details click on the link below.
Source: The Times-Picayune/NOLA.com Website: http://www.nola.com/politics/index.ssf/2016/06/entergy_power_plant_debate.html On June 15th the City Council Utility Committee held a public hearing for stakeholders and community members to voice their thoughts surrounding Entergy New Orleans Inc's proposed Natural Gas power plant in the Michoud area of New Orleans East. Only one council member attended the meeting for no more than ten minutes. The meeting was not recorded, like all other public hearings held at the New Orleans City Council. For more details click on link below.
Source: The Times-Picayune/ NOLA.com Website: http://www.nola.com/business/index.ssf/2016/06/entergy_power_plant_new_orlean.html Frequently Asked Questions about the Entergy New Orleans’ IRP
Entergy New Orleans has filed a draft of their Integrated Resource Plan (IRP). So what’s an IRP? An IRP is a process that brings utilities, regulators, and stakeholders together to forecast future energy needs and for Entergy to develop a roadmap for meeting those needs over the next 20 years. Why do I care about Entergy New Orleans’ IRP? The IRP process guides how YOUR energy will be created for the next 20 years. If you want to see more clean energy in New Orleans, get involved! What is in Entergy New Orleans’ draft IRP? Entergy’s Michoud power plant is scheduled to shut down this month. That leaves a gap in our energy needs. Unfortunately, Entergy decided to thwart the IRP public process and decided that building a new 250 MW Combustion Turbine (CT) power plant in the same location as the original plant is the only way to meet our energy gap.Entergy announced they will be asking the Council for permission to build the plant this month, before even finalizing the IRP or addressing serious concerns about the IRP. How you can make an impact on Entergy New Orleans Integrated Resource Plan (IRP) and More.
On April 28th, 2016 several local (including the Alliance for Affordable Energy) and national groups met to discuss a Louisiana Clean Power Plan. For more details about this meeting click on the link below.
Source: The Advocate Website: http://theadvocate.com/news/15630527-81/environmental-groups-gather-to-consider-options-louisiana-has-to-meet-federal-clean-energy-standards 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.
Click on the link below to read The Town Talk’s most recent coverage of the Macquarie/Cleco LBO. Source: The Alliance for Affordable Energy is urging credit ratings agencies to review the details of the sale and is urging the Public Service Commission to revisit its approval of the deal (the approval made on 03/28).
For the full story follow the link listed below. Source: http://theadvocate.com/news/acadiana/15412869-129/story.html During a Special Session held on March 28th, 2016 the Louisiana Public Service Commission approved the previously denied sale of Cleco Power to Macquarie Infrastructure and Real Assets.
Please read the letter to the editor listed below. The Alliance for Affordable Energy and Chariman of the Louisiana Public Service Commission Clyde Holloway are not the only ones disappointed with the LPSC’s 03/28 decision. Source: http://www.thetowntalk.com/story/opinion/2016/04/03/mail-disappointed-pscs-cleco-decision/82535944/ 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 At a special session on March 28th, 2016 the Louisiana Public Service Commission approved the previously rejected Cleco/Macquarie sale. For the full story click on the link listed below.
Source: KALB TV Website: http://www.kalb.com/home/headlines/Sale-of-Cleco-approvec-373787741.html After a special session on Monday, March 28th, the Louisiana Public Service Commission voted to approve the sale of Cleco to Macquarie Infrastructure and Real Assets for $ 4.9 billion. The Alliance for Affordable Energy has steadfastly opposed the sale. Click here to read what Alliance for Affordable Energy's CEO, Casey DeMoss had to say about the approval of the sale.
Source: The Advocate Website: http://theadvocate.com/news/15322854-123/cleco-sweeten-offer-in-hours-before-la-regulators-decide-sales-future On March 16th Mayor Landrieu urged the Coastal Protection and Restoration Authority to address both the causes and the effects of climate change, which he described as an “existential threat” to the city.
Alliance for Affordable Energy’s Casey DeMoss reminded that CPRA & everyone in the audience to recognize the direct connection between carbon emissions from power plants and other industries in the state and the continuing rise in sea level along the coast that is a key cause of coastal land loss. Read more about DeMoss’s insightful perspective about how a Clean Power Plan can help us move into a clean energy future here. Source: The Times-Picayune/Nola.com Website: http://www.nola.com/environment/index.ssf/2016/03/mayor_landrieu_urges_coastal_a.html 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/ 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.
Source: Bloomberg News Website: http://www.bloomberg.com/news/articles/2016-02-24/macquarie-led-buyout-of-cleco-rejected-by-louisiana-regulator 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/ On February 24th the Louisiana Public Service Commission denied the sale of Cleco utility to a group of foreign investors lead by Sydney-based Macquarie Infrastructure and Real Assets. The sale presented many long-term risks that the LPSC deemed not in the public interest. Read here about what the Alliance for Affordable Energy's CEO had to say about the February 24th meeting.
Source: The Town Talk Website: http://www.thetowntalk.com/story/news/2016/02/24/cleco-sale-rejected/80875958/ At the February 24th meeting the Louisiana Public Service Commission ruled that the $ 5 billion sale of Cleco to foreign investors was not in the public interest. Read The Advocate’s coverage of the proposed Cleco sale.
Source: The Advocate Website: http://theadvocate.com/news/14976675-172/utility-regulators-reject-5-billion-sale-of-cleco |
Archives
June 2024
Categories
All
|