2014 All News Releases

Earnings Disclosure ImageEarnings Disclosure | Webcast
Q2 2014 Cleco Corporation Earnings Conference Call (Replay)
07/31/14 at 8:30 a.m. ET
Q2 2014 Cleco Corporation Earnings Conference Call
Thursday, July 31, 2014 8:30 a.m. ET  
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DateTitle 
07/30/14Cleco Corporation announces 2014 second-quarter operational earnings of $0.57 per diluted share
Second quarter revenues up due to growth in wholesale business Achieves four-year extension on Formula Rate Plan (FRP) Reduces retail Return on Equity (ROE) to 10 percent compared to recently earned retail ROE of an estimated 11.1 percent Provides a one-time refund and ongoing rate reduction for retail customers Provides clarity in direct allocation of assets related to long-term wholesale contracts Refund reduces second quarter earnings by $0.22 per diluted share Confirms 2014 ope... 
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07/24/14Cleco Corporation declares quarterly dividend
PINEVILLE, La., July 24, 2014 - 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 Aug. 15, 2014 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 Aug. 5, 2014 Aug. 15, 2014 ... 
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07/21/14Cleco announces schedule for its 2014 second quarter earnings release and conference call
PINEVILLE, La., July 21, 2014 - Cleco Corporation (NYSE: CNL) announced today that it will release its 2014 second quarter financial results on Wednesday, July 30, 2014, after the market closes. Executive officers of the company will conduct a conference call and webcast to discuss the company's financial results on Thursday, July 31, 2014, at 8:30 a.m. Eastern time (7:30 a.m. Central time). The webcast can be accessed at www.cleco.com/investors and will be available for 12 months. Investors, a... 
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07/08/14Cleco provides scholarships to the ADVANCE program
Cleco provides scholarships to the ADVANCE program PINEVILLE, LA., July 8, 2014 – Cleco Corporation donated $2,000 in scholarships to the ADVANCE Program for young scholars at Northwestern State University held in June. Recipients of the scholarships were Andrew Bennett of Slidell and Tomas Parker of Pineville. Bennett, who is entering the 12th grade at Northshore High School, completed a film studies course during the three-week program. This is his fifth year to attend the program. H... 
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07/01/14Posting signs on utility poles is dangerous to utility workers
PINEVILLE, LA., July 1, 2014 - Cleco reminds everyone that posting political signs, garage sale signs and other notices to utility poles can create a serious hazard for utility workers. Nails and staples used to attach signs to utility poles can create a double safety hazard. First, metal objects in poles can puncture the insulted rubber gloves Cleco line mechanics wear for protection against electrical shock. Secondly, line mechanics use hooks on their boots for climbing poles, and nails ... 
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06/23/14Cleco Confirms Receipt of Indications of Interest
PINEVILLE, LA., June 23, 2014 - Cleco Corporation (NYSE: CNL) today announced that it has recently received indications of interest from third parties with respect to a strategic transaction. Cleco has retained Goldman Sachs & Co. and Tudor, Pickering, Holt & Co. as its financial advisors, and Locke Lord LLP as its legal advisor, to assist the Board of Directors in reviewing and evaluating any proposals and comparing any such proposals to Cleco's standalone strategic plan. The independent member... 
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06/18/14Cleco fan drive makes big impact
  PINEVILLE, La., June 16, 2014 – Cleco’s 14th annual fan drive will help some elderly customers stay cooler this summer and manage their electric bill as the company distributes more than 500 fans to approximately 20 councils on aging throughout the company’s service territory. “Thank you to Cleco employees, the community and local businesses for helping collect fans for the elderly,” said Kristen Lemoine, communications representative for Cleco. “The fans help the elderly stay... 
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06/18/14Cleco Power's Formula Rate Plan extension approval strikes a balance for customers and company
Reduces customer base rates by $34 million Provides clarity for future growth PINEVILLE, LA., June 18, 2014 - Cleco Power, the regulated electric utility subsidiary of Cleco Corporation (NYSE: CNL), today announced that the Louisiana Public Service Commission (LPSC) has voted to approve its Formula Rate Plan (FRP) extension, reducing base rates for customers by $34 million and providing a mechanism to fund future growth transactions for the utility. The approval extends Cleco Power's curre... 
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06/04/14Cleco reminds customers to be prepared this hurricane season
PINEVILLE, LA June 4, 2014 – Hurricane season officially began June 1, and Cleco is reminding customers to stay safe before, during and after a storm, and to develop a hurricane plan. Cleco offers storm safety tips and a Hurricane Preparation Guide to its customers. “Cleco prepares year-round for storms, and we encourage our customers to be ready, too.” said James Lass, general manager distribution operations and emergency management. “Hurricane season can be... 
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05/15/14Cleco kicks off fan drive to help elderly
PINEVILLE, La., May 14, 2014 – Cleco kicks off its annual fan drive just in time for the hot summer months. For the past 14 years, Cleco has donated fans to local councils on aging to help the elderly stay comfortable and save money on their electric bills during the summer. “The weather is warming up, and Cleco is reminding everyone now is the time to start thinking about ways to help manage your electric bill,” said Shirley Turner, general manager of customer experience. “Controllin... 
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05/05/14Cleco offers a free public safety program to schools
PINEVILLE, LA May 5, 2014 – Cleco is offering Hot Spot, its children’s safety program, to schools and organizations as a way to teach students how to be safe a round electricity. The program is available on DVD and comes with collaborative materials that help make learning fun and exciting. Cleco designed the program for students who are in the third through fifth grades. “The Hot Spot program is a fun way to teach a serious topic,” said Gary Deville, technical training specialist. “We teach st... 
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04/28/14Cleco Corporation posts 2014 first-quarter operational earnings of $0.42 per diluted share
Cold winter weather drove up revenues and offset planned outage expenses Completed transfer of Coughlin Power Station to Cleco Power Began serving Dixie Electric Membership Corporation (DEMCO), increasing total customer load by about 20 percent Raised annualized dividend to $1.60 per share Increased dividend payout ratio range to 55-65 percent PINEVILLE, La., April 28, 2014 - Cleco Corporation (NYSE: CNL) posted 2014 first-quarter earnings of $25.9 million, or $0.43 per diluted share,... 
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04/24/14Cleco raises quarterly dividend and increases target range for dividend payout ratio
Shareholders to receive 10 percent increase in dividend paymentsPINEVILLE, La., April 24, 2014 - Cleco Corporation (NYSE: CNL) today announced that its board of directors voted to raise the quarterly dividend to $0.40 per share from $0.3625 per share on its common stock for the May 15, 2014 payment. The new dividend amount on an annualized basis totals $1.60 per share.    Cleco also announced that it will now target a dividend payout ratio of 55 to 65 percent. This represents a 5 percent increas... 
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04/23/14Cleco announces schedule for its 2014 first-quarter earnings release and conference call
PINEVILLE, La., April 23, 2014 - Cleco Corporation (NYSE: CNL) announced today that it will release its 2014 first-quarter financial results on Monday, April 28, 2014, after the market closes. Executive officers of the company will conduct a conference call and webcast to discuss the company's financial results on Tuesday, April 29, 2014, at 8:30 a.m. Eastern time (7:30 a.m. Central time).The webcast can be accessed at www.cleco.com/investors and will be available for 12 months. Investors, ana... 
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04/01/14Cleco begins serving Dixie Electric Membership Electric Corporation
Contract increases utility's load by approximately 20 percent PINEVILLE, LA., April 1, 2014 - Cleco Power LLC, the regulated utility subsidiary of Cleco Corporation (NYSE:CNL), today announced that it is now serving wholesale power to Dixie Electric Membership Corporation (DEMCO). The 10-year full-requirements contract provides DEMCO with capacity, energy and services, and ensures the cooperative has reliable power at a competitive price to serve its growing customer base. The addition of this ... 
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03/29/14Cleco restores power to 71 percent of customers impacted from severe thunderstorm
PINEVILLE, La., March 29, 2014 – Cleco has restored power to 71 percent of the 26,000 customers who experienced outages after a severe thunderstorm impacted the central and northern portions of its service territory. Cleco has approximately 250 workers responding to the restoration effort. Damage includes nearly 50 broken poles, numerous broken crossarms and extensive downed wire created by trees and tree limbs hitting the electric system as strong winds blew through the area. As of 4 p.m., ... 
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03/24/14Cleco offers safety tips for springtime
PINEVILLE, La., March 24, 2014 - Temperatures are warming up, and people are beginning their spring cleaning. For many, this means raking lawns, flying kites and having picnics. Cleco reminds everyone to be safe this spring whether you are working or playing outdoors. “After this year’s long, cold winter, it is likely lawns need sprucing up and children are ready to play outside,” said Mike Joseph, Cleco’s risk manager. “If your task requires digging, such as planting a tree or bu... 
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03/17/14Cleco transfers Coughlin Power Station to regulated utility from unregulated subsidiary
PINEVILLE, LA., March 17, 2014 - Cleco Corporation (NYSE:CNL) today announced the transfer of Coughlin Power Station to its regulated utility, Cleco Power LLC, from its unregulated subsidiary, Cleco Midstream LLC. Cleco Power assumed ownership of the natural gas-fired unit Saturday, March 15. "This transaction significantly strengthens the position of our utility as we look for future growth opportunities," said Bruce Williamson, president and CEO of Cleco Corporation. "The unit ... 
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03/05/14Cleco honored with industry award for Oklahoma storm assistance
PINEVILLE, La., March 5, 2014 - Today, Cleco Power received one of the electric utility's top honors for storm assistance from Edison Electric Institute (EEI) during its CEO Conference and Board Meeting in Washington, D.C. Cleco won the Emergency Assistance Award for its power restoration assistance to Oklahoma Gas and Electric (OG&E) after EF5 tornados damaged their electric system during two separate weather events. EEI presents the annual award to utilities that demonstrate outstanding resto... 
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02/25/14Cleco Corporation reports full-year 2013 operational earnings of $2.53 per share
Received approval for the transfer of Coughlin Power Station to the utility Integrated into the Midcontinent Independent System Operator (MISO)  PINEVILLE, LA., Feb. 25, 2014 - Cleco Corporation (NYSE:CNL) reports 2013 earnings of $160.7 million, or $2.65 per diluted share, down $2.9 million from the $163.6 million recorded in 2012. Fourth-quarter earnings were $25.1 million or $0.41 per diluted share, up $2.0 million from the $23.1 million recorded in the fourth quarter of 2012. Opera... 
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02/25/14Cleco warns customers that bill payment scams continue
PINEVILLE, La., Feb. 25, 2014 – Cleco warns its business and residential customers to be aware that fraudulent callers are continuing to demand bill payment or face power disconnection. “Callers are continuing to misrepresent themselves as Cleco employees and demanding that customers make a quick payment for an unpaid balance on their utility bills,” said Shirley Turner, general manager of customer experience management for Cleco.  “The scammers are calling... 
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02/19/14Cleco announces schedule for its 2013 fourth-quarter and year-end earnings release and webcast
PINEVILLE, La., Feb. 19, 2014 - Cleco Corporation (NYSE: CNL) announced today that it will release its 2013 fourth-quarter and year-end financial results on Tuesday, Feb. 25, 2014, after the market closes. Executive officers of the company will conduct a webcast and conference call with analysts to discuss the company's financial results on Wednesday, Feb. 26, 2014, at 8:30 a.m. Eastern time (7:30 a.m. Central time). Investors and other interested parties can access the live Internet audio webca... 
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02/14/14Cleco nears end of restoration after ice storm
PINEVILLE, La., Feb. 14, 2014 – Cleco is nearing the end of its restoration to residences that can take power after an ice storm caused 31,000 of its customers to lose power. The company will restore power to camps and a few remaining customers on Saturday and to homes that sustained damage from the storm when it is safe. “We had a good but challenging day,” said Anthony Bunting, vice president of transmission and distribution operations. “For the past two days, we have restored power in off-r... 
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02/13/14Cleco restores power to 83 percent of customers impacted by ice storm
PINEVILLE, La., Feb. 13, 2014 – Cleco has restored power to 83 percent of its customers who lost electricity after a destructive ice storm blanketed much of central Louisiana. While the company has made progress, some customers in outlying areas will be without power until sometime Friday. “We are leading restoration efforts with a two-pronged approach,” said Anthony Bunting, vice president of transmission and distribution operations. “We have large crews working in the most severely-damaged a... 
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02/12/14Cleco continues restoration efforts
PINEVILLE, La., Feb. 12, 2014 – Cleco is making progress with restoration of outages in the central Louisiana area. Cleco has restored power to 41 percent of its customers. At the height of the storm, Cleco had 31,000 customers without power. “As the ice on the trees begins to melt, limbs are hitting our lines as they snap back to normal position from under the weight of the ice,” said Anthony Bunting, vice president transmission and distribution operations. “We have seen some outage numbers de... 
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02/12/14Cleco restoring power to customers after ice storm
PINEVILLE, La., Feb. 12, 2014 – Cleco continues to restore power to customers in central Louisiana after an ice storm brought freezing rain to the area. Cleco crews are assessing the damage and expect to restore power to most customers by tomorrow. “We are seeing some progress with our restoration as we continue to assess the damage from the ice storm,” said Anthony Bunting, vice president of transmission and distribution operations. “We have 200 additional worker... 
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02/12/14Ice storm brings extensive outages to central Louisiana
PINEVILLE, La., Feb. 12, 2014 – Freezing rain is causing extensive outages in Cleco's service territory in central Louisiana. Trees and tree limbs incased in ice are falling, causing more than 27,500 outages statewide. The hardest hit areas are Rapides, Avoyelles and Grant parishes. "We have more than 18,500 outages in Rapides, 7,000 in Avoyelles and 1,200 in Grant parishes, and customers continue to report outages as trees and tree limbs continue to fall into our system,"... 
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01/30/14Cleco Corporation declares quarterly dividend
PINEVILLE, La., Jan. 30, 2014 - Cleco Corporation (NYSE: CNL) today announced that its board of directors declared a quarterly dividend of $0.3625 per share on the company's common stock for the Feb. 18, 2014 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 $0.3625 Feb. 11, 2014 Feb. 18, 2014 The company h... 
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01/28/14Cleco fares well so far in ice storm, watching southern parishes closely
PINEVILLE, La., Jan. 28, 2014 – As Winter Storm Leon moved through Cleco’ s service territory in north and central Louisiana, it brought sleet and snow but few power outages. Cleco now is closely monitoring the storm as it pushes through its south Louisiana territory. “We are pleased with our system’s performance during this storm so far, but we are aware that the storm is not over,” said Anthony Bunting, vice president of transmission and distribution operations. “Our crews are on standby and ... 
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01/27/14Cleco prepared for effects of winter weather
PINEVILLE, La., Jan. 27, 2014 – Cleco is prepared for a weather event that could bring ice and snow to its entire service territory. Forecasters predict the possibility of ice accumulation that could result in breaking limbs and trees, causing widespread power outages. “From north to south Louisiana, Cleco and contractor crews are on standby, ready to respond to power outages,” said Anthony Bunting, vice president of transmission and distribution operations. “Ic... 
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01/15/14Cleco provides residents with energy-saving tips for cold weather
PINEVILLE, La., Jan. 15, 2014 – Winter is bringing cold weather, increasing the demand for electricity. Cleco reminds customers of energy-saving tips to better manage their utility bills. “Customers will save the most money by properly controlling their thermostat settings,” said Shirley Turner, customer experience manager for Cleco. “During winter months, customers should set their thermostats at 68 degrees for maximum efficiency. By dressing warmer while at home, customers can keep their ther... 
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