PSC Objects to CLECO Sale

clecosignThe State Public Service Commission has objected to the sale of CLECO to a group of Canadian investors. PSC Chairman Clyde Holloway of Forest Hill says CLECO failed to overcome objections made by an administrative law judge who ruled the sale would not be in the public interest.

CLECO is headquartered in Pineville.

Actually, no formal vote was taken, because Holloway made the motion to deny the sale, it was seconded, and nobody objected.

KLAX ABC 31 News 2/25/16