PSC Commissioners Question Cleco’s CEO
BATON ROUGE, La. (AP) — Louisiana Public Service Commission members spent nearly two hours quizzing Cleco CEO Bruce Williamson about why he wants to sell the publicly traded utility based in Pineville.
The Town Talk reports (http://townta.lk/1AX23aw) Commissioner Clyde Holloway, of Forest Hill, called Wednesday for Williamson's resignation.
Much of Cleco's operations are in Holloway's district, and he called for Williamson to quit or for the company's board of directors to fire him because Holloway claims Williamson is only interested in selling, not improving the company.
Holloway complained that he talked to Williamson and other Cleco officials prior to the PSC recently renewing the company's rate structure, essentially guaranteeing its stability, and he was never told that an offer was on the table.
Williamson said federal law prohibited him from talking about the offer.
Information from: Alexandria Daily Town Talk, http://www.thetowntalk.com
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