Cleco Corporation Declares Regular Common and Preferred Dividends

| Source: Cleco Corp. Cleco Corp.

PINEVILLE, LA -- (MARKET WIRE) -- January 26, 2007 -- The Board of Directors of Cleco Corporation (NYSE: CNL) today declared regular quarterly dividends on the Company's common stock and preferred stock. Following is a summary of dividend payments, as declared: 

                      Dividend   Record              Payment
Class of Stock        Declared   Date                Date
--------------        --------   ------              -------
Common Stock           $0.225    February 5, 2007    February 15, 2007

4.5% Preferred Stock   $1.125    February 15, 2007   March 1, 2007
Dividends were also declared on preferred stock held in the Company's Employee Stock Ownership Plan.

The Company has a dividend reinvestment plan which allows dividends on its common and preferred stock to be reinvested in additional shares of common stock at market price. Brokerage commissions and administrative fees are incurred on dividend purchases.

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

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 Corporate Services Kristine Walczak (312) 780-7205 Media Contact: Cleco Corporation Michael Burns (318) 484-7663