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LA HCR11
Concurrent Resolution
Status
5/29/2025
Primary Sponsor
Mike Johnson
Click for details
AI Summary
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Urges the Louisiana Public Service Commission to approve any sale, merger, or ownership transfer of Cleco Power only if guarantees preserve more than 450 nonservice jobs and 100% of service jobs at the Pineville, Louisiana headquarters for 10 years
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Cleco Power serves approximately 295,000 customers across 24 Louisiana parishes and employs roughly 1,200 people, making it one of the largest employers in Rapides Parish
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The company, originally founded as Louisiana Ice & Electric Company in 1906 in Bunkie, has been operating as Central Louisiana Electric Company since 1935
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The Louisiana Public Service Commission has constitutional authority to approve utility sales and established 18 factors in a 1994 General Order for evaluating ownership transfers, including impact on employees
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A copy of the resolution is to be transmitted to the Louisiana Public Service Commission and Cleco Power CEO Bill Fontenot
Legislative Description
Urges Louisiana Public Service Commission and Cleco Power to approve the sale of a regulated utility only in certain circumstances
UTILITIES
Last Action
Taken by the Clerk of the House and presented to the Secretary of State in accordance with the Rules of the House.
5/30/2025