Louisiana utility regulators have approved the sale of energy company Cleco Corp.
A 4-1 vote late Monday by the Public Service Commission allows the sale to a group of investors. The PSC had rejected the $4.9 million sale of the Pineville, Louisiana-based utility in February.
Louisiana has found itself stuck in a “Groundhog Day”-like loop — only, rather than repeating the same day over and over, the state's been doomed to an unending cycle of massive shortfalls every year since 2008.
And, like Bill Murray's character in the popular 1993 movie, the state can't seem to figure out how to break free from the curse.
As the statewide business roundtable, C100 is an advocate for economic development, engaging our business leadership in influencing state public policy issues impacting business and economic development. The Committee is a respected business voice to which government policy and media leaders turn for reliable, nonpartisan policy guidance providing access to some of the critical thinkers in business and academia in Louisiana.