CLECO Could be Sold or Aquired

class=”aligncenter size-full wp-image-37709″ src=”” alt=”clecosign” width=”500″ height=”280″ />It appears that CLECO is about to be sold or acquired. Though there’s no official word from the Pineville-based utility, the word out of Wall Street is Goldman Sachs has been retained to advise on a sale.

The utility has an enterprise value of almost four and a half billion dollars, and experts say the deal could easily climb to five billion.

KLAX ABC 31 News 6/19/14