SOURCE: Cleco Corp.

October 31, 2007 16:45 ET

Cleco Corp. Posts 2007 Third-Quarter Net Income of $68.0 Million

Records $24.1 Million Gain From Acadia Partnership Settlement

PINEVILLE, LA--(Marketwire - October 31, 2007) - Cleco Corp. (NYSE: CNL) today reported 2007 third-quarter net income applicable to common stock of $68.0 million, up $40.4 million from the $27.6 million recorded in the third quarter of 2006. Included in third-quarter 2007 net income was $24.1 million representing the net gain recognized from the settlement of the Acadia partnership with Calpine.

On an earnings per share (EPS) basis, Cleco recorded earnings of $1.13 per diluted share, up $0.63 per share from the $0.50 per share recorded in the third quarter of 2006. The Acadia settlement contributed a net $0.41 per diluted share.

Upon the August 2007 closing of Cajun Gas Energy L.L.C.'s (Cajun's) purchase of Calpine's 50 percent ownership in the Acadia project, Cleco Midstream received $85 million in cash, which equated to $52.3 million of net income, related to the value of the preferred and guaranteed distribution structure within the Acadia partnership. Subsequently, Cleco Midstream reduced the carrying value of its 50 percent ownership of the Acadia project to the amount paid by Cajun for the other 50 percent interest, resulting in a $28.2 after-tax impairment. The resulting net gain totaled $24.1 million, or $0.41 per diluted share.

Cleco Power contributed $0.18 more per share quarter over quarter mainly due to higher AFUDC (allowance for funds used during construction) equity income associated with the Rodemacher Unit 3 project (RPS-3).

Cleco's results for the nine months ended Sept. 30, 2007, were $2.34 per diluted share, up $1.16 per share from the same period of 2006 primarily due to the second-quarter 2007 receipt of the claim from the Calpine bankruptcy, the third-quarter 2007 settlement of the Acadia partnership, and increased AFUDC equity income from RPS-3 construction, partially offset by the absence of the 2006 drawdown of a $15 million Calpine letter of credit.

Excluding the gains from the Acadia partnership settlement ($0.41 per diluted share) and the Calpine bankruptcy claim ($0.81 per diluted share), Cleco's earnings for the third quarter and for the first nine months of 2007 were $0.72 and $1.12, respectively.





    Consolidated Diluted Earnings Per Share Allocated to Subsidiaries

                                             Diluted EPS
                                         ---------------------
                                          Three Months Ended
                                               Sept. 30,
                                         ---------------------
Subsidiary                                 2007       2006
                                         ---------- ----------
Cleco Power LLC                          $     0.57 $     0.39
Cleco Midstream Resources LLC (excludes
 the gain from the settlement of the
 Acadia partnership, net of impairment
 on investment)                                0.10       0.07
Corporate and Other(1)                         0.05       0.04
                                         ---------- ----------
  Earnings excluding Acadia net gain     $     0.72 $     0.50
Gain from settlement of the Acadia
 partnership, net of impairment on
 investment                                    0.41         --
                                         ---------- ----------
  Earnings applicable to common stock    $     1.13 $     0.50
                                         ========== ==========


(1)Includes dividends on preferred stock




    Consolidated Diluted Earnings Per Share Allocated to Subsidiaries

                                             Diluted EPS
                                         --------------------
                                           Nine Months Ended
                                               Sept. 30,
                                         --------------------
Subsidiary                                 2007       2006
                                         ---------  ----------
Cleco Power LLC                          $    1.09  $     1.00
Cleco Midstream Resources LLC (excludes
 the gains from the Calpine bankruptcy
 claim, net and settlement of the Acadia
 partnership, net of impairment on
 investment)                                 (0.13)       0.09
Corporate and Other(1)                        0.16        0.09
                                         ---------  ----------
  Earnings excluding Acadia net gain     $    1.12  $     1.18
Gain from Calpine bankruptcy claim, net       0.81          --
Gain from settlement of the Acadia
 partnership, net of impairment on
 investment                                   0.41          --
                                         ---------  ----------
  Earnings applicable to common stock    $    2.34  $     1.18
                                         =========  ==========


(1)Includes dividends on preferred stock


Results for Third-Quarter 2007:

Major Reconciling Items for Third Quarter EPS 2007 vs. 2006:


$ 0.50    2006 Third-Quarter Diluted EPS

  0.04    Higher Cleco Power nonfuel revenue
  0.18    Lower Cleco Power nonfuel expenses
 (0.04)   Effect of increased number of outstanding shares
          Higher Cleco Midstream contribution (excluding
           gain from the settlement of the Acadia
  0.03     partnership, net of impairment of investment)
  0.01    Higher corporate results
------

$ 0.72

          Gain from Acadia partnership preferred
  0.62     distribution value (equity income)
          Gain from Acadia partnership guaranteed payment
  0.26     value (other income)
          Impairment of investment in Acadia to auction
 (0.47)    price (equity income)
------
$ 0.41
======

$ 1.13    2007 Third-Quarter Diluted EPS

Cleco Power LLC

Cleco Power's 2007 third-quarter earnings were $0.18 per share higher than in the third quarter of 2006.

In the quarter-to-quarter comparison with 2006, nonfuel revenue increased $0.04 per share.

--  Higher kilowatt-hour sales resulted in a $0.02 per share increase in
    results. Kilowatt-hour sales for the third quarter 2007 were up 2 percent
    from the same period a year ago largely due to warmer weather.  Cooling
    degree-days for the quarter were 9 percent above normal and 5 percent above
    third-quarter 2006 levels.
    






                                           For the three months
(Million kWh)                                  ended Sept. 30
                                         -------------------------
                                           2007     2006   Change
                                         -------  -------  ------
Electric Sales
  Residential                              1,170    1,190      (2)%
  Commercial*                                733      651      13 %
  Industrial                                 786      784      --
  Other retail*                               35      101     (65)%
                                         -------  -------
    Total retail                           2,724    2,726      --
  Sales for resale                           165      159       4 %
  Unbilled                                   (44)     (89)     51 %
                                         -------  -------
Total retail and wholesale customer
 sales                                     2,845    2,796       2 %


* Effective August 2006, certain other retail customers were reclassified
to commercial customers.


--  Results of energy hedging, net, were up $0.02 per share. The increase
    was the result of lower 2007 third quarter mark-to-market losses on energy
    hedging positions tied to a fixed-price wholesale contract as compared to
    the same period of 2006.
    

Nonfuel expenses were down $0.18 per share in quarter-to-quarter comparisons with the same period of 2006.

--  Capacity charges were $0.02 per share higher primarily due to the
    termination of the Calpine Energy Services power purchase agreement in
    March of 2006 as compared to a full year of capacity charges in 2007.
    
--  Storm amortization costs of $0.05 per share related to interim storm
    cost recovery were recorded in the third quarter of 2007 in depreciation
    and amortization.  These costs compare to $0.06 per share of storm
    amortization costs during the third quarter of 2006, with roughly half
    recorded as a maintenance expense and half as depreciation and
    amortization, for a net benefit of $0.01 per share in the quarter-to-
    quarter comparison.  Additionally, in 2006 Cleco reclassified existing
    storm amortization costs of $0.07 per share from maintenance expense to
    depreciation and amortization with no net effect to earnings.
    
--  Interest expense, net, increased $0.03 per share largely due to higher
    short-term debt balances, interest expense on tax-exempt solid-waste
    disposal bonds issued in November 2006, and higher accrual of interest on
    tax positions, partially offset by lower interest expense due to the
    retirement of medium-term notes at maturity.
    
--  AFUDC, primarily associated with the Rodemacher project, contributed
    an additional $0.12 per share to results.
    
--  Income taxes were down $0.06 per share quarter over quarter. Of that,
    about $0.04 per share was related to the flow-through of nontaxable AFUDC
    equity income, and the remaining $0.02 was due to a favorable true-up.
    
--  Other expenses were down approximately $0.04 per share, due largely to
    lower salaries, benefits and professional fees.
    

Other:

--  The issuance of 6.9 million shares of common stock in August 2006
    resulted in a $0.04 per share dilution.
    

Cleco Midstream Resources LLC

Cleco Midstream's earnings were up $0.44 per share in the third quarter of 2007 compared to the third quarter of 2006.

Excluding the gain from the Acadia partnership settlement and impairment of investment, Cleco Midstream's earnings were up $0.03 per share in the third quarter of 2007 compared to the third quarter of 2006. The improvement was largely due to the absence of unfavorable tax true-ups at Evangeline which were recognized in 2006.

Upon the August 2007 closing of Cajun's purchase of Calpine's 50 percent ownership in the Acadia project, Cleco Midstream recorded $0.62 per share of equity income related to the value of the preferred distribution structure within the Acadia partnership and $0.26 per share of other income from the value of the partnership's guaranteed payment structure. Subsequently, Cleco Midstream reduced the carrying value of its 50 percent ownership of the Acadia project to the amount paid by Cajun for the other 50 percent interest, resulting in a $0.47 per share impairment. The resulting net gain totaled $0.41 per share.

Other

Corporate earnings increased $0.01 per share in the quarter-to-quarter comparison primarily due to a 2005 tax true-up recorded in the third quarter 2007.

Results for Nine Months ended Sept. 30, 2007:

Major Reconciling Items for Nine Months ended Sept. 30, EPS 2007 vs. 2006:

$ 1.18   Nine Months ended Sept. 30, 2006 Diluted EPS

  0.14   Higher Cleco Power nonfuel revenue
  0.07   Lower Cleco Power nonfuel expenses
 (0.12)  Effect of increased number of outstanding shares
         Lower Cleco Midstream contribution (excluding
          gains from the Calpine bankruptcy claim and Acadia
          partnership settlement, net of impairment of
 (0.22)   investment)
  0.07   Higher corporate results
------

$ 1.12

         Net gain from Calpine bankruptcy claim (equity
  0.81    income)
         Gain from Acadia partnership preferred
  0.62    distribution value (equity income)
         Gain from Acadia partnership guaranteed payment
  0.26    value (other income)
         Impairment of investment in Acadia to auction
 (0.47)   price (equity income)
------
$ 1.22
======

$ 2.34   Nine Months ended Sept. 30, 2007 Diluted EPS

Cleco Power LLC

For the nine months ended Sept. 30, 2007, Cleco Power's earnings were $0.09 per share higher than in the same period of 2006.

Overall, nonfuel revenue increased $0.14 per share versus the first nine months of 2006.

--  Kilowatt-hour sales increased $0.04 per share. Year-to-date 2007
    kilowatt-hour sales were up 2 percent from the same period a year ago
    largely due to colder weather in the first quarter of 2007.  Heating degree-
    days for the period surpassed 2006 levels by 37 percent, while cooling
    degree-days were 3 percent below 2006 levels.
    


                                            For the nine months ended
(Million kWh)                                       Sept. 30
                                         --------------------------------
                                           2007       2006       Change
                                         ---------- ---------- ----------
Electric Sales
  Residential                                 2,789      2,760        1 %
  Commercial*                                 1,869      1,529       22 %
  Industrial                                  2,255      2,201        2 %
  Other retail*                                 102        380      (73)%
                                         ---------- ----------
    Total retail                              7,015      6,870        2 %
  Sales for resale                              384        391       (2)%
  Unbilled                                       67         53       26 %
                                         ---------- ----------
Total retail and wholesale customer
 sales                                        7,466      7,314        2 %


* Effective August 2006, certain other retail customers were reclassified
to commercial customers.


--  The collection of the storm cost recovery surcharge contributed an
    additional $0.10 per share to results compared to the same period of 2006.
    Collection of the surcharge began in May 2006 after the LPSC approved an
    interim storm cost recovery plan.
    
--  The absence of the 2006 reversal of previously accrued customer
    refunds resulted in a $0.06 per share decrease in results.
    
--  Transmission services revenue declined $0.01 per share.
    
--  Results of energy hedging, net, were up $0.07 per share. The increase
    was the result of 2007 mark-to-market gains on energy hedging positions
    tied to a fixed-price wholesale contract as compared to mark-to-market
    losses in the same period of 2006.
    

Nonfuel expenses were down $0.07 per share compared to the same period of 2006.

--  Capacity charges were $0.02 per share higher primarily due to the
    termination of the Calpine power purchase agreement in March 2006 as
    compared to a full year of capacity charges in 2007.
    
--  Production maintenance expenses were $0.06 per share higher due to a
    major planned maintenance outage at the Dolet Hills Power Station, while
    transmission and distribution expenses increased $0.03 per share.
    Partially offsetting these increases in expenses was a $0.01 per share
    benefit from the transfer of the unamortized regulatory asset balance for
    prior storm costs (Hurricane Lili and Tropical Storm Isidore) from
    maintenance expense to the reserve for storm restoration costs.
    
--  Storm amortization costs from the May 2006 LPSC interim storm cost
    recovery plan were up $0.05 per share compared to first nine months of
    2006.  Additionally, the absence of the 2006 transfer of storm costs to a
    regulatory asset resulted in an $0.08 per share increase in expenses.
    
--  Depreciation from routine property, plant, and equipment was up $0.01
    per share.
    
--  Interest expense, net increased $0.07 per share due to higher short-
    term debt balances, lower interest income from temporary investments,
    interest expense on tax-exempt solid waste disposal bonds issued in
    November 2006, partially offset by lower interest expense due to the
    retirement of medium-term notes.
    
--  Interest expense was an additional $0.06 per share higher due to
    accruals of interest on tax positions. Prior to January 1, 2007, interest
    accrued for uncertain tax positions was recorded as tax expense.  Beginning
    January 1, 2007, Cleco adopted FIN 48 and began recording interest accrued
    for uncertain tax positions as interest expense instead of tax expense.
    
--  AFUDC, primarily associated with the Rodemacher project, contributed
    an additional $0.30 per share to results.
    
--  Income taxes were down $0.14 per share year over year. Of that, about
    $0.13 per share was primarily related to the flow-through of nontaxable
    AFUDC equity income and $0.01, net was due to a favorable true-up.
    

Other:

--  The issuance of 6.9 million shares of common stock in August 2006
    resulted in a $0.12 per share dilution.
    

Cleco Midstream Resources LLC

Cleco Midstream's earnings were up $1.00 per share in the first nine months of 2007 compared to the same period of 2006.

Excluding the gains from the Calpine bankruptcy claim and the Acadia partnership settlement, net of impairment of investment, Cleco Midstream's earnings were down $0.22 per share in the first nine months of 2007 compared to the same period of 2006.

Contributing to the decline were $0.21 cents of lower earnings from Acadia due to the absence of the $0.15 per share benefit from the drawdown on a letter of credit in 2006 and $0.06 per share due to lower merchant revenue and higher maintenance expenses.

Evangeline's results were $0.01 per share lower due to a net increase in replacement power from a spring maintenance outage, partially offset by lower taxes.

During second quarter 2007, Cleco Midstream recorded net income of $48.1 million, or $0.81 per share, from the approval and sale of unsecured bankruptcy claims against Calpine. Upon the August 2007 closing of Cajun's purchase of Calpine's 50 percent ownership in the Acadia project, Cleco Midstream recorded $0.88 per share related to the value of the preferred and guaranteed distribution structures within the Acadia partnership. Subsequently, Cleco Midstream reduced the carrying value of its 50 percent ownership of the Acadia project to the amount paid by Cajun for the other 50 percent interest, resulting in a $0.47 per share impairment. The resulting net gain from the settlement of Acadia claims and partnership value totaled $1.22 per share during the first nine months of 2007.

Other

Corporate earnings increased $0.07 per share in the year-to-year comparison primarily due to lower taxes and higher interest income from a higher invested cash balance.

Strategic Update

Cleco Power

"With 18 months of construction behind us and all of the major equipment on site, progress continues to go well on our Rodemacher 3 project. We have spent a total of $552 million, including AFUDC, since beginning this project last year, and we are still on pace to have the unit up and running by late 2009," Cleco President and CEO Michael Madison said.

"We also continue on-track in our long-term RFP process. In early October we issued the final draft of our long-term RFP for up to approximately 600 megawatts of intermediate and peaking capacity beginning in 2010. We expect to receive bids in early December and plan to announce winning bids by third quarter of 2008," Madison continued.

"In September, the LPSC approved a financing order that allows us to securitize both the unrecovered costs of restoration from Hurricanes Katrina and Rita as well as a restricted storm reserve of $50 million to be available to fund future storm restorations. We plan to complete the financing as soon as market conditions allow. In addition, the governor has allocated $60 million of tax-exempt solid waste disposal financing capacity for the Rodemacher 3 project. We plan to issue those bonds during the fourth quarter," Madison said.

Cleco Midstream

"We are pleased to have resolved the Calpine bankruptcy issues related to the Acadia project. In addition to booking the net gain of $72.2 million, we received approximately $126 million in after-tax cash this year, which represents the value we created in the tolling agreements and credit support structures we put in place at Acadia," Madison said.

"On the Evangeline project, we expect the transfer of the project's tolling agreement from Williams to Bear Stearns to be completed in the fourth quarter. With Bear Stearns' more favorable credit rating, we anticipate an improvement in Evangeline's credit strength after the transaction is complete," Madison said.

Guidance

"We are maintaining guidance at $1.20 to $1.30 per share for the year, excluding the net gains recorded from the Calpine bankruptcy claim and the Acadia partnership settlement," Madison concluded.

Earnings estimates assume normal weather, 2007 capital expenditures of about $430 million (including AFUDC) on the Rodemacher project, the continuation of our current rate plan at Cleco Power, continued performance by Evangeline's tolling counterparty, and certain assumptions about Acadia's plant operations and market conditions.

                         CLECO CORPORATION
           CONDENSED CONSOLIDATED STATEMENTS OF INCOME
           (Thousands, except share and per share amounts)
                           (UNAUDITED)



                                                     FOR THE THREE MONTHS
                                                        ENDED SEPT. 30,
                                                    ----------------------
                                                       2007        2006
                                                    ----------  ----------
Operating revenue
  Electric operations                               $  300,862  $  284,490
  Other operations                                       9,238       7,644
  Affiliate revenue                                      1,591       1,969
                                                    ----------  ----------
    Operating revenue                                  311,691     294,103
                                                    ----------  ----------
Operating expenses
  Fuel used for electric generation                     97,863      80,627
  Power purchased for utility customers                108,649     108,899
  Other operations                                      23,454      24,139
  Maintenance                                           10,205       8,850
  Depreciation                                          19,739      23,750
  Taxes other than income taxes                         10,620      10,638
                                                    ----------  ----------
    Total operating expenses                           270,530     256,903
                                                    ----------  ----------
Operating income                                        41,161      37,200
Interest income                                          2,873       2,782
Allowance for other funds used during construction       9,552       2,190
Equity income from investees                            27,726      15,197
Other income                                            28,402         702
Other expense                                           (1,284)       (463)
Interest charges
  Interest charges, including amortization of debt
   expenses, premium and discount, net of
   capitalized interest                                 13,752      11,094
  Allowance for borrowed funds used during
   construction                                         (3,444)       (816)
                                                    ----------  ----------
    Total interest charges                              10,308      10,278
                                                    ----------  ----------
Income from continuing operations before income
 taxes                                                  98,122      47,330
Federal and state income tax expense                    30,077      19,350
                                                    ----------  ----------
Income from continuing operations                       68,045      27,980
Discontinued operations
  Income from discontinued operations, net of tax            -          36
                                                    ----------  ----------
Net income                                              68,045      28,016
Preferred dividends requirements, net of tax                12         424
                                                    ----------  ----------
Net income applicable to common stock               $   68,033  $   27,592
                                                    ==========  ==========
Average shares of common stock outstanding
  Basic                                             59,669,692  53,630,494
  Diluted                                           59,947,916  55,938,995
Basic earnings per share
  From continuing operations                        $     1.14  $     0.50
  Net income applicable to common stock             $     1.14  $     0.50
  Diluted earnings per share
  From continuing operations                        $     1.13  $     0.50
  Net income applicable to common stock             $     1.13  $     0.50
Cash dividends paid per share of common stock       $    0.225  $    0.225
                                                    ----------  ----------




                             CLECO CORPORATION
                CONDENSED CONSOLIDATED STATEMENTS OF INCOME
              (Thousands, except share and per share amounts)
                                (UNAUDITED)



                                                   FOR THE NINE MONTHS
                                                      ENDED SEPT. 30
                                                  ------------------------
                                                      2007         2006
                                                  -----------  -----------
Operating revenue
  Electric operations                             $   765,791  $   736,765
  Other operations                                     26,478       22,167
  Affiliate revenue                                     4,673        5,157
                                                  -----------  -----------
    Gross operating revenue                           796,942      764,089
      Electric customer credits                             -        4,382
                                                  -----------  -----------
    Operating revenue, net                            796,942      768,471
                                                  -----------  -----------
Operating expenses
  Fuel used for electric generation                   204,671      186,980
  Power purchased for utility customers               308,388      306,426
  Other operations                                     74,493       67,988
  Maintenance                                          35,386       29,003
  Depreciation                                         59,827       55,108
  Taxes other than income taxes                        30,286       30,372
                                                  -----------  -----------
    Total operating expenses                          713,051      675,877
                                                  -----------  -----------
Operating income                                       83,891       92,594
Interest income                                         8,030        7,217
Allowance for other funds used during
 construction                                          21,715        4,231
Equity income from investees                           97,608       30,802
Other income                                           28,644          929
Other expense                                          (2,536)      (1,177)
Interest charges
  Interest charges, including amortization of
   debt expenses, premium and discount, net of
   capitalized interest                                41,786       33,673
  Allowance for borrowed funds used during
   construction                                        (7,502)      (1,535)
                                                  -----------  -----------
    Total interest charges                             34,284       32,138
                                                  -----------  -----------
Income from continuing operations before income
 taxes                                                203,068      102,458
Federal and state income tax expense                   63,187       38,923
                                                  -----------  -----------
Income from continuing operations                     139,881       63,535
Discontinued operations
  Loss from discontinued operations, net of tax             -         (154)
                                                  -----------  -----------
Net income                                            139,881       63,381
Preferred dividends requirements, net of tax              446        1,310
                                                  -----------  -----------
Net income applicable to common stock             $   139,435  $    62,071
                                                  ===========  ===========
Average shares of common stock outstanding
  Basic                                            58,914,141   51,408,708
  Diluted                                          59,717,636   53,621,679
Basic earnings per share
  From continuing operations                      $      2.35  $      1.19
  Net income applicable to common stock           $      2.35  $      1.19
Diluted earnings per share
  From continuing operations                      $      2.34  $      1.18
  Net income applicable to common stock           $      2.34  $      1.18
Cash dividends paid per share of common stock     $     0.675  $     0.675
                                                  -----------  -----------




                                CLECO CORPORATION
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                                  (Thousands)
                                  (UNAUDITED)


                                                At Sept. 30,  At Dec. 31,
                                                    2007          2006
                                                ------------  ------------

 Assets
 Current assets
    Cash and cash equivalents                   $    195,362  $    192,471
    Account receivable, net                          103,950        79,048
    Other current assets                             196,301       265,789
                                                ------------  ------------
    Total current assets                             495,613       537,308
 Property, plant and equipment, net                1,645,834     1,304,887
 Equity investment in investees                      275,264       307,136
 Prepayments, deferred charges and other             324,043       311,773
                                                ------------  ------------
    Total assets                                $  2,740,754  $  2,461,104
                                                ============  ============

 Liabilities
 Current liabilities
    Long-term debt due within one year          $    125,000  $     50,000
    Accounts payable                                 179,763       151,653
    Other current liabilities                        192,840       183,047
                                                ------------  ------------
    Total current liabilities                        497,603       384,700
 Deferred credits and other liabilities              579,290       560,842
 Long-term debt, net                                 654,111       619,341
                                                ------------  ------------
    Total liabilities                              1,731,004     1,564,883
                                                ------------  ------------
 Shareholders' equity
    Preferred stock                                    1,029        20,092
    Common shareholders' equity                    1,018,061       885,439
    Accumulated other comprehensive loss              (9,340)       (9,310)
                                                ------------  ------------
 Total shareholders' equity                        1,009,750       896,221
                                                ------------  ------------
    Total liabilities and shareholders' equity  $  2,740,754  $  2,461,104
                                                ============  ============

Please note: In addition to historical financial information, this news release contains forward-looking statements about future results and circumstances, including, without limitation, regarding the Rodemacher Unit 3 project and earnings guidance. There are many risks and uncertainties with respect to such forward-looking statements, including the weather and other natural phenomena, state and federal legislative and regulatory initiatives, the timing and extent of changes in commodity prices and interest rates, the operating performance of Cleco Power's and Cleco Midstream's facilities, the financial condition of the company's tolling agreement counterparties, the performance of the tolling agreements by such counterparties, construction and operational startup of Rodemacher Unit 3, extension of Cleco Power's current rate plan, and the other risks and uncertainties more fully described in the company's latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Actual results may differ materially from those indicated in such forward-looking statements.

Contact Information

  • Investor Contacts:
    Cleco Corporation:
    Ryan Gunter
    (318) 484-7724
    Rodney J. Hamilton
    (318) 484-7593

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

    Media Contact:
    Cleco Corporation:
    Fran Phoenix
    (318) 484-7467