BCP wanted to pay the city well over $200 million, and assume another $200 million or so of LUS debt, in exchange for keeping most of the revenue the system would generate for at least two decades.
Bernhard Capital Partners, ranking among the 300 largest private equity funds in the world, has its sights set on utility privatization but finding government partners is proving challenging—and controversial.
Like other investor-owned utilities, Entergy Louisiana is a for-profit monopoly. No matter how upset their customers get, they can’t take their business elsewhere.
Magnolia Power LLC has purchased property for its planned renewable power plant from private sellers for $2.12 million, according to records filed with the Iberville Parish Clerk of Court’s Office.