Stonepeak and Bernhard Near Deal to Acquire Cleco Power

Stonepeak Infrastructure Partners and Bernhard Capital Partners are reportedly in advanced negotiations to purchase Cleco Power from Macquarie Group. Bloomberg posted on X that this potential acquisition comes amid a significant increase in electricity demand driven by data centers across the United States. The deal highlights the growing interest in utility assets as data centers continue to expand, requiring substantial energy resources. Cleco Power, a Louisiana-based utility company, has been under Macquarie's ownership since 2016. The transaction, if finalized, would mark a significant shift in ownership for Cleco Power, reflecting the ongoing trend of infrastructure investments in the energy sector.