SOURCE: Cleco Corp.

August 04, 2006 08:00 ET

Cleco Corp. Announces Public Offering of Common Stock

PINEVILLE, LA -- (MARKET WIRE) -- August 4, 2006 -- Cleco Corp. (NYSE: CNL) today announced it plans an underwritten public offering as soon as practicable, subject to market conditions, of up to 7 million shares of its common stock.

The company plans to use net proceeds from the offering to partially finance construction of the estimated $1 billion solid-fuel power plant at Rodemacher Power Station in Boyce, La. Construction of the 600-megawatt unit began in the first quarter of 2006.

Any offering of shares of common stock shall be made only by means of a prospectus. This news release does not constitute an offer to sell or a solicitation of an offer to buy any security, nor will there be any sale of such security in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Contact Information

  • Investor Contacts:
    Cleco Corporation:
    Keith Crump
    (318) 484-7719

    Ryan Gunter
    (318) 484-7724

    Shareholder Services:
    Rodney Hamilton
    (318) 484-7593

    Analyst Inquiries:
    Dresner Companies
    Kristine Walczak
    (312) 780-7205

    Media Contact:
    Cleco Corporation
    Michael Burns
    (318) 484-7663