Cleco Group LLC is a privately-held regulated electric utility holding company headquartered in Pineville, Louisiana, that serves approximately 298,000 customers in central and south Louisiana through its primary subsidiary, Cleco Power LLC, which operates 2,676 MW of generating capacity along with extensive transmission and distribution infrastructure. Originally taken private by a Macquarie-led consortium in a $4.9 billion deal in 2016, the company is now being acquired by Stonepeak Energy and Bernhard Capital Partners, reflecting broader private equity consolidation in the regulated utility sector.
“Private equity is actively consolidating energy assets (Cleco Group acquisition, Saavi Energia merger with Grupo Mexico's electricity unit).”
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