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re: Entergy seems perfectly fine with removing all ties with New Orleans
Posted on 9/21/21 at 1:03 pm to LSUFanHouston
Posted on 9/21/21 at 1:03 pm to LSUFanHouston
quote:Your only safe bet is Cleco. I doubt a private firm would take it on unless there was some real corruption going on at the council.
However there are other private utility companies out there, no? Are you saying they are all worse than Entergy?
1
Posted on 9/21/21 at 1:04 pm to Louie T
quote:
Best of luck getting another company that knows what they're doing to come buy the piece of junk that is ENO given the storm risk, overbearing regulators, zero flexibility in capital spend or bill headroom, and being surrounded on all 4 sides by the rest of Entergy.
You may well be correct. Won't know unless we try.
quote:
and you don't want any financial buyer besides Berkshire within a million miles of ENO.
My guess is that Berkshire is the preferred suitor... they have the experience, the size, and the financial backing / credit.
quote:
Entergy is doing this knowing full well New Orleans' options are pretty much none except municipalization.
I don't support municipalization. But if you are right... we then need to look at how we have been allowed to be held over a barrel like this.
Posted on 9/21/21 at 1:05 pm to LSUFanHouston
quote:
How come they don't have these problems?
It’s just shite luck. It’s Entergys fault if someone stands under a line with a Mylar balloon and release it into the conductor. Guess it’s also Entergys fault when a big arse bird takes off and streamer of bird shite causes the line to trip
Posted on 9/21/21 at 1:05 pm to ell_13
quote:Macquarie is getting out from underneath Cleco in the foreseeable future. Cleco doesn't really have much dealmaking flex.
Your only safe bet is Cleco. I doubt a private firm would take it on unless there was some real corruption going on at the council.
Posted on 9/21/21 at 1:05 pm to Louie T
quote:
Incredible. Might want to find another thread
Nah, I'll stick in this one.
How is Entergy going to change state law / home rule charter?
Posted on 9/21/21 at 1:06 pm to LSUFanHouston
quote:Who says they don’t. A bird.
Do other cities and states across the country not have cats and balloons? How come they don't have these problems?
Posted on 9/21/21 at 1:06 pm to LSUFanHouston
quote:
But if you are right... we then need to look at how we have been allowed to be held over a barrel like this.
You don’t really think it’s a one way street, do you?
Posted on 9/21/21 at 1:06 pm to LSUFanHouston
quote:
This is another fine example of Entergy talking out of their backside. What a bunch of clowns.
Entergy basically just said they're willing to walk away from Nola.
That may be unprecedented. I don't think you grasp just how bad that is for New Orleans that a utility based in that city is willing to walk away without a fight.
Sounds like Entergy has decided that not even profits made from Nola are worth putting up with the City Council. That speaks volumes about how bad that city government is.
Posted on 9/21/21 at 1:06 pm to LSUFanHouston
quote:It's quite literally your only suitor. I work in the utility M&A space, and discussions have shown that your options aren't good.
My guess is that Berkshire is the preferred suitor... they have the experience, the size, and the financial backing / credit.
Posted on 9/21/21 at 1:07 pm to ell_13
quote:
Entergy seems perfectly fine with removing all ties with New Orleans
Don't blame them
Posted on 9/21/21 at 1:07 pm to CE Tiger
quote:
It’s just shite luck
Oh come on.
Or maybe the POS infrastructure isn't hardened enough to handle a balloon or bird shite.
Posted on 9/21/21 at 1:07 pm to Y.A. Tittle
He's an idiot with some longstanding grudge. He does this in every Entergy thread while sitting in his tax accountant cube thinking he's enlightened.
Posted on 9/21/21 at 1:08 pm to LSUFanHouston
What hardening handles electrical contact of a ballon with transmission conductor?
Posted on 9/21/21 at 1:09 pm to Louie T
quote:
It's quite literally your only suitor. I work in the utility M&A space, and discussions have shown that your options aren't good.
If it's the only suitor... is it still a better fit than Entergy?
Multiple alternatives are great but you really only need one if it's a good one.
Posted on 9/21/21 at 1:09 pm to Dawgwithnoname
quote:
Entergy basically just said they're willing to walk away from Nola.
Entergy is butt hurt because the politicians and citizens are being mean to them.
Posted on 9/21/21 at 1:09 pm to LSUFanHouston
quote:Maybe you should syndicate a deal and run ENO
If it's the only suitor... is it still a better fit than Entergy?
Posted on 9/21/21 at 1:10 pm to LSUFanHouston
quote:
Entergy is butt hurt because the politicians and citizens are being mean to them.
If I were on the BOD, I'd demand they sell ENO for pennies on the dollar just to cut ties and let it rot to the ground.
This post was edited on 9/21/21 at 1:11 pm
Posted on 9/21/21 at 1:11 pm to LSUFanHouston
quote:Are they though? They’re willing to walk away giving the city exactly what they seem to want. They don’t seem mad at all.
Entergy is butt hurt because the politicians and citizens are being mean to them.
Posted on 9/21/21 at 1:11 pm to Dawgwithnoname
quote:
Entergy basically just said they're willing to walk away from Nola.
That may be unprecedented. I don't think you grasp just how bad that is for New Orleans that a utility based in that city is willing to walk away without a fight.
Sounds like Entergy has decided that not even profits made from Nola are worth putting up with the City Council. That speaks volumes about how bad that city government is.
I don't blame them. They have their issues but these slimy fricks running this city are a MUCH bigger problem.
BTW, Entergy is being sued now by a group of lawyers that includes Juan fricking Lafonta. The suit includes 10 wrongful death cases.
Posted on 9/21/21 at 1:11 pm to Louie T
quote:
He's an idiot with some longstanding grudge. He does this in every Entergy thread while sitting in his tax accountant cube thinking he's enlightened.
I may be an idiot... but I'm tired of this city settling for crap that would not be tolerated in the rest of the country.
I fully understand that our government might be even crappier. But... the people of the city deserve a functional private utility. Not one that has the issues Entergy has.
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