Stockholders vote to sell CLECO. That vote came down this morning, but Public Service Commissioner Clyde Holloway reminds local people and stockholders this must be approved by the state public service commission. Holloway says that could take until late summer.
Holloway says he knows customers are worried about higher electricity costs, but he says this won’t happen because of the sale.
The deal is for nearly three-point-four billion dollars for sale by North American investors. They are Macquarie Infrastructure and Real Assets and British Columbia Investment Corporation.
KLAX ABC 31 News 2/26/15