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New Orleans City Council backs Entergy sale of gas service to private equity firm

Summary by New Orleans CityBusiness
The New Orleans City Council voted Thursday to approve the sale of Entergy’s local gas utility to Delta Utilities, a newly formed company backed by a private equity firm. The vote comes less than a week after the council first announced its intent to approve the sale and just days after the council’s utility committee voted unanimously to advance the resolution to the full council. With all regulatory approval secured, the $484 million sale of E…
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