SOURCE: Cleco Corp.

August 09, 2007 16:30 ET

Cleco Power Enters Into Agreement for Geothermal Study

PINEVILLE, LA--(Marketwire - August 9, 2007) - Cleco Power LLC, a subsidiary of Cleco Corp. (NYSE: CNL), recently entered into a Cooperative Research and Development Agreement with the U.S. Army Corps of Engineers Engineer Research and Development Center (ERDC) to study the potential for geothermal energy in Louisiana.

"This study will help determine the viability of geothermal energy for electricity production in Louisiana," said Dilek Samil, president and COO of Cleco Power LLC. "We are excited about the possibilities this study could bring and the opportunity to research alternative ways to produce power."

Cleco Power will fund the study to pursue renewable energy supplies, and the ERDC will provide expertise to determine where potential geothermal energy resources suitable for power generation are located.

"Researching nontraditional sources such as geothermal energy is part of our ongoing strategy to seek responsible ways to supply reliable, economical and environmentally friendly power to our customers," said Samil.

"ERDC is very pleased to partner with Cleco Power in this effort to augment electrical power with geothermal energy found in Louisiana," said Dr. Jason McKenna, technical lead for the ERDC research team. "We believe that this partnership represents an important first step toward exploiting potentially large, untapped reservoirs of geothermally derived electrical energy, as well as strengthening energy independence for the nation."

Cleco Corp. is a regional energy 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 with approximately 1,350 megawatts of generating capacity. For more information about Cleco, visit www.cleco.com.

Contact Information

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

    Analyst Inquiries:
    Dresner Companies
    Kristine Walczak
    (312) 726-3600

    Media Contact:
    Cleco Corporation
    Robbyn Cooper
    (318) 484-7136