JOURNAL ARTICLE

Stonepeak, Bernhard in Advanced Talks to Buy Cleco Power.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Saul, Josh; Carnevali, David; Gould, Ryan 3 of 3

Abstract

The article focuses on the advanced negotiations between Stonepeak Partners LP and Bernhard Capital Partners to acquire Cleco Power from Macquarie Group Ltd., amid rising electricity demand driven by data centers in the US. Cleco Power, valued at over $5 billion, operates five natural gas plants in Louisiana and was previously acquired by Macquarie and partners in 2016 for about $4.7 billion. The sale reflects growing investor interest in utilities and independent power producers due to increased electricity consumption from data centers and industrial growth, with Louisiana becoming a notable data center hub. No final decision has been made, and other bidders may still emerge. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Politics and Government
  • Publication Date:2026
  • Accession Number:192028959
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