SOURCE: Cleco Corp.

February 05, 2007 08:00 ET

Acadia Plant's Bid Not Selected by Entergy in Long-Term RFP

PINEVILLE, LA -- (MARKET WIRE) -- February 5, 2007 -- Cleco Corp. (NYSE: CNL) announced today an offer submitted by the Acadia power project was not selected by Entergy Services, Inc. as part of its long-term request for power proposals.

Acadia Power Partners LLC, a joint venture between subsidiaries of Cleco and Calpine Corp., owns the 1,160-megawatt combined cycle natural gas-fired unit near Eunice, La. Entergy Services had notified plant owners last fall that Acadia's bid had made the short list of bidders.

"We're obviously disappointed Acadia's offer was not selected. We thought we had made a very competitive bid," said Cleco President and CEO Michael Madison.

"However, we continue to believe the asset has great value and is in a good location," Madison said. "We will continue to pursue opportunities in both the short- and long-term markets."

Cleco Corp. is a regional energy services company headquartered in Pineville, La. It operates a regulated electric utility company that serves 268,000 customers across Louisiana. Cleco also operates a wholesale energy business that has approximately 1,350 megawatts of generating capacity. For more information about Cleco, visit

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
    Phillip Kranz
    (312) 780-7240

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