PINEVILLE, La. (AP) — Central Louisiana electric utility Cleco is acquiring NRG power plants that serve nine power cooperatives throughout Louisiana.

The Advocate reports that under the deal to acquire NRG's South Central business, the Pineville-based company would get five power generation stations, including Big Cajun in Jarreau, Big Cajun II in New Roads, Bayou Cove in Jennings, Sterlington in Sterlington and Cottonwood in Deweyville, Texas. NRG would lease back Cottonwood and operate it until May 2025.

The proposed $1 billion deal is subject to approval by federal and state regulators and set to close before the end of 2018.

The plants provide power to Louisiana electric cooperatives: Northeast Louisiana Power; Claiborne Electric Co-op; Concordia Electric Cooperative; Pointe Coupee Electric Membership; Jeff Davis Electric Co-op; SLEMCO; Washington-St. Tammany Electric; Beauregard Electric Cooperative; and SLECA.

———

Information from: The Advocate, http://theadvocate.com

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Thank you for Reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.