SOURCE: Cleco Corp.

Cleco Corp.

February 12, 2010 08:30 ET

Cleco's Rodemacher Project in Commercial Operation

New Rates Implemented

PINEVILLE, LA--(Marketwire - February 12, 2010) - Cleco Power LLC, a subsidiary of Cleco Corp. (NYSE: CNL), today announced that its Rodemacher 3 unit is in service and producing power that will benefit its customers today and into the future.

"Commercial operation of this plant is the culmination of six years of hard work," said Mike Madison, president and chief executive officer of Cleco Corporation. "Our focus, determination and resilience have brought us to a memorable point in our company's 75-year history."

The Shaw Group Inc. has met provisional performance guarantees to achieve commercial operation, and Cleco has accepted control of the unit. Shaw will remain on site to address miscellaneous items as well as to continue optimizing unit operation to ultimately meet performance guarantees.

"Shaw is pleased to have worked with Cleco to deliver the state-of-the-art Rodemacher 3 facility," said Fred Buckman, president of Shaw's Power Group. "We are proud to reach substantial completion on this important project that will benefit our client and its customers."

Commercial operation of the $1 billion project located near Boyce activates Cleco's new rate plan approved by the Louisiana Public Service Commission in October 2009. The new plan allows for recovery of the unit's costs and is the company's first full rate restructuring in over 20 years.

The 600-MW generating unit will use circulating fluidized-bed technology that can accommodate multiple solid fuels to generate power. Initially petroleum coke, an oil refining byproduct, will fuel the unit; however, the plant's technology also allows for the use of renewable products like biomass as fuel. Cleco is currently researching woody biomass as a potential fuel since the new facility is located in a timber-rich area. 

Cleco Corp. is a regional energy company headquartered in Pineville, La. It operates a regulated electric utility company that serves about 276,000 customers across Louisiana. Cleco also operates a wholesale energy business with approximately 1,350 megawatts of nameplate generating capacity, which includes Cleco Power's pending acquisition of 580 megawatts of Acadia Power Station. For more information about Cleco, visit

This news release contains forward-looking statements. Actual events and results may differ materially from those projected. There are many risks and uncertainties with respect to such forward-looking statements, including the risks and uncertainties more fully described in Cleco's latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

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