2016 All News Releases

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07/08/16Cleco Power LLC announces intent to voluntarily delist 6.50 percent Senior Notes due 2035 from the New York Stock Exchange
PINEVILLE, La., July 8, 2016 - Cleco Power LLC (Cleco Power) announced today that it has notified the New York Stock Exchange (NYSE) of its intention to voluntarily delist its 6.50 percent Senior Notes due Dec. 1, 2035 (the Notes), from the NYSE. On April 13, 2016, Cleco Power's parent company, Cleco Corporate Holdings LLC (formerly Cleco Corporation) (Cleco), completed a sale transaction with a group of North American infrastructure investors led by Macquarie Infrastructure and Real Assets an... 
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07/05/16Cleco announces leadership changes
PINEVILLE, La., July 5, 2016 - Cleco Corporate Holdings LLC (Cleco) today announced changes to its management team.  Terry Taylor, who is currently Cleco's controller, chief accounting officer and interim chief financial officer, will become chief financial officer. Jeff Baudier will join Cleco as chief corporate development officer. Baudier was recently a partner with Phelps Dunbar LLP in Baton Rouge. Tonita Laprarie, who is currently general manager of internal audit and risk management, w... 
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06/27/16Cleco customers see lower bills through one-time credit
PINEVILLE, La., June 27, 2016 - All retail Cleco customers will see lower energy bills beginning July 1, 2016, thanks to a one-time credit of approximately $475 per customer account. The Louisiana Public Service Commission (LPSC) ordered the credit as part of a set of commitments the new owners agreed upon to acquire the company. Cleco customers who have a valid 13-digit account number at the close of business on June 30, 2016, will be eligible for the credit. Cleco will apply the credit... 
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06/23/16Payment scam active in Cleco’s service territory
Company warns customers and provides information for protectionPINEVILLE, La., June 22, 2016 - Bill pay scammers are back in action taking advantage of Cleco customers through fraudulent phone calls that demand immediate payment and threaten disconnection of power. "This is a nationwide scam that has been ongoing for a while and has made its way back to Cleco's service territory," said Shirley Turner, vice president of customer experience management. "We are warning customers so they will... 
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06/08/16Cleco energy efficiency program pays off for First Baptist Church
COVINGTON, La., June 8, 2016 - First Baptist Church Covington was awarded a $10,173 cash incentive from the Cleco Commercial & Industrial Solutions Program for energy efficient lighting upgrades. The Commercial & Industrial Solutions Program helps organizations save energy and money by providing no-cost facility improvement recommendations and financial incentives based on energy savings. “Cleco’s program provided a way for us to identify energy-saving opportunities and solutions... 
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05/19/16Cleco rewards Hayes Manufacturing for energy efficiency
Receives $25,000 in incentives from Cleco’s Commercial & Industrial Solutions Program PINEVILLE, La., May 19, 2016 – Today, Cleco awarded Hayes Manufacturing a $25,000 cash incentive for the company’s commitment to energy efficiency. Hayes Manufacturing, a Cleco customer and participant in Cleco’s Commercial & Industrial Solutions Program, completed lighting upgrades that help the company improve energy usage and reduce energy costs. “Cleco’s ene... 
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04/25/16Cleco kicks off 16th Annual Fan Drive
PINEVILLE, La., April 25, 2016 – Summer is right around the  corner and soon, air conditioners will begin to work overtime.  To help beat the heat and save money, Cleco is  partnering with councils on aging and other agencies to donate fans to the  elderly across Louisiana.  Shirley Turner, Cleco’s general manager of customer  experience, said fans can make a big difference during hot, summer months and significantly  cut energy bills.   “We recommend setting the thermostat at 78 de... 
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04/13/16North American led investor group completes acquisition of Cleco
PINEVILLE, La., April 13, 2016 - Cleco Corporation (NYSE: CNL) announced today that the sale of Cleco to a group of North American infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC), with John Hancock Financial and other infrastructure investors (collectively, the investor group) is complete. The value of the transaction is approximately $4.7 billion, which includes approximately $1.3 billion of assumed d... 
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04/08/16Cleco receives investment grade credit ratings from Moody’s and S&P
Companies remain investment grade PINEVILLE, La., April 8, 2016 – Cleco Corporation (NYSE:CNL) today announced that it and its regulated electric utility subsidiary, Cleco Power, received credit ratings from both Standard & Poor's (S&P) and Moody's Investors Service (Moody's) that retain the companies' investment grade status following the close of the transaction. Moody's affirmed Cleco Power's A3 senior unsecured rating and downgraded Cleco Corporation's senior unsecured ra... 
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03/29/16State regulators approve sale of Cleco
Transaction expected to close in April PINEVILLE, La., March 28, 2016 - Today, the Louisiana Public Service Commission (LPSC) voted to approve the sale of Cleco Corporation (NYSE:CNL), the parent of regulated electric utility Cleco Power LLC, to a group of North American infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC), with John Hancock Financial and other infrastructure investors (collectively, the i... 
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03/28/16Cleco and investor group announce improved commitments package
Customers to receive average one-time credit of $500 without owners incurring additional debt PINEVILLE, La., March 28, 2016 - Cleco Corporation (NYSE:CNL), the parent of regulated electric utility Cleco Power LLC, and a group of North American infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC), with John Hancock Financial and other infrastructure investors (collectively, the investor group) today announ... 
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03/23/16Cleco and investor group withdraw request for rehearing; state regulators approve special meeting next week
PINEVILLE, La., March 23, 2016 - Cleco Corporation (NYSE:CNL), the parent of regulated electric utility Cleco Power LLC and a group of North American infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC), with John Hancock Financial and other infrastructure investors (collectively, the investor group) announced that the Louisiana Public Service Commission (LPSC) voted during its Business and Executive Sessio... 
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03/18/16Cleco expects power restoration to 285 customers affected by storm
Monitoring flood water for electrical safetyPINEVILLE, La., March 18, 2016 – Cleco expects to restore power late this afternoon to approximately 285 customers in Grant and Rapides parishes who were affected by yesterday’s severe thunderstorm.“Along with local and out-of-town Cleco crews, contractor crews are working to restore power to 240 customers in Grant Parish and 45 customers in Rapides Parish,” said Anthony Bunting, vice president of transmission and distribution operations. “Weather perm... 
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03/14/16Cleco and investor group enhance commitments
Cleco residential and small business customers to receive $370 on average as an upfront bill credit Louisiana to receive $15 million in economic development funding Employee jobs, salaries and benefits commitment and retiree benefits commitment to increase from five to 10 years Investor group to provide for investment in up to 10 percent of Cleco equity by  any Louisiana governmental pension plans PINEVILLE, La., March 14, 2016 - Cleco Corporation (NYSE:CNL), the parent of regulated el... 
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03/08/16Cleco and North American-led Investor Group request rehearing from state regulators regarding sale
PINEVILLE, La., Mar. 8, 2016 - Cleco Corporation (NYSE:CNL), the parent of regulated electric utility Cleco Power LLC and a group of North American infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC), with John Hancock Financial and other infrastructure investors (collectively, the investor group) announced they have filed for an immediate rehearing of the Louisiana Public Service Commission's (LPSC) Feb. ... 
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02/26/16Cleco Corporation reports full-year 2015 operational earnings of $2.29 per diluted share
PINEVILLE, La., Feb. 26, 2016 - Cleco Corporation (NYSE: CNL) reports 2015 operational earnings of $139.3 million, or $2.29 per diluted share, down $26.6 million from the $165.9 million, or $2.74 per diluted share recorded in 2014. GAAP earnings for 2015 were $133.7 million, or $2.20 per diluted share, down $21.0 million from the $154.7 million recorded in 2014. Fourth quarter GAAP earnings were $21.9 million, or $0.36 per diluted share, up $0.6 million from the $21.3 million recorded in the fou... 
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02/24/16Cleco and North American-led Investor Group issue statement in response to Louisiana Public Service Commission's decision regarding transaction
PINEVILLE, La., Feb. 24, 2016 - Today, the Louisiana Public Service Commission (LPSC) decided not to allow the sale of Cleco Corporation (NYSE:CNL), the parent of regulated electric utility Cleco Power LLC, to a group of North American infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC), with John Hancock Financial and other infrastructure investors (collectively, the investor group). LPSC approval is a pr... 
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02/17/16Administrative Law Judge makes recommendation on Cleco sale
Recommendation was that transaction as currently structured at time of hearing was not in public interest but outlines key conditions for state regulatory approval PINEVILLE, La., Feb. 17, 2016 - Cleco Corporation (NYSE:CNL) announced the Administrative Law Judge (ALJ) assigned to preside over the hearing regarding the sale of Cleco to the North American investor group led by Macquarie Infrastructure and Real Assets and British Columbia Investment Management Corporation, with John Hancock Fin... 
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02/05/16Cleco receives ratings assessment indications
PINEVILLE, La., Feb. 5, 2016 - Cleco Corporation (NYSE:CNL) today announced that Moody's Investors Service (Moody's) and Standard & Poor's Ratings Services (S&P Ratings) have provided ratings information pursuant to a ratings assessment service at Moody's and a ratings evaluation service at S&P Ratings in advance of the anticipated close of the transaction with the North American investor group led by Macquarie Infrastructure and Real Assets and British Columbia Investment Management... 
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02/03/16Cleco announces Louisiana board members
New board to convene once company's strategic transaction closes Expanded Louisiana presence on board PINEVILLE, La., Feb. 3, 2016 - Cleco Partners today announced that five Louisiana residents will be appointed to Cleco's board of directors effective upon completion of the acquistion of Cleco by the North American investor group led by Macquarie Infrastructure and Real Assets and British Columbia Investment Management Corporation, with John Hancock Financial and other infrastructure invest... 
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01/28/16Cleco Corporation declares quarterly dividend
PINEVILLE, La., Jan. 28, 2016 - Cleco Corporation (NYSE: CNL) today announced that its board of directors declared a quarterly dividend of $0.40 per share on the company's common stock for the Feb. 16, 2016, payment.  Cleco has paid dividends to its shareholders since 1935. Below is a summary of the dividend payment declared by the board of directors: Class of Stock Dividend Declared Record Date   Payment Date  Common Stock $0.40 Feb. 8, 2016 Feb. 16, 2016 The company ha... 
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01/04/16Cleco and investor group enhance commitments to create additional value for customers and obtain approval of the Louisiana Public Service Commission
Customer rate credits increased from $65 million to $125 million Total customer savings of over $143 million Investor group assurances provide additional protections to be overseen by state  regulators PINEVILLE, La., Jan. 4, 2016 - Cleco Corporation (NYSE:CNL), the parent of regulated electric utility Cleco Power LLC, and a group of North American infrastructure investors led by Macquarie Infrastructure and Real Assets (MIRA) and British Columbia Investment Management Corporation (bcIMC... 
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