SOURCE: Cleco Corp.

January 26, 2007 14:30 ET

Cleco Corporation Declares Regular Common and Preferred Dividends

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

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