NRG Energy announced that the Louisiana Public Service Commission (LPSC) has approved the previously announced transaction between NRG and Cleco Corporate Holdings LLC (Cleco).

This is the last regulatory approval needed to finalize the transaction.

The agreement to sell NRG’s South Central Business to Cleco was first announced on February 7, 2018. On that date, NRG and Cleco entered into a Purchase and Sale Agreement for Cleco to purchase NRG’s South Central business for a total purchase price and cash proceeds of $1.0 billion, subject to certain adjustments. The companies expect to close the transaction in February 2019.

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NRG   NRG Energy   M&A  

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