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Cleco reaches 20-year agreement with City of Alexandria

PINEVILLE, La., Aug. 7, 2013 - Cleco Power LLC, a subsidiary of Cleco Corporation (NYSE: CNL), and the City of Alexandria reached a 20-year agreement approving Cleco to provide capacity, energy and market participant services to the city. Pending final approval from the Alexandria City Council, the new agreement will go into effect upon expiration of the current contract that ends in the summer of 2015.

"We are pleased to reach an agreement with the City of Alexandria for capacity, energy and services, and look forward to continuing our long-term relationship," said Darren Olagues, president of Cleco Power. "This contract follows the wholesale model we have designed for our utility's growth strategy, and also provides a platform for the city's long-term planning for future power needs."

The contract includes a tiered structure along with tiered pricing beginning at a 30-megawatt capacity minimum. In addition, the contract contains growth-based elements that align Cleco and Alexandria to attract and serve new industrial load in the Alexandria market.

Cleco Corporation is a regional energy company headquartered in Pineville, La. Cleco owns a regulated electric utility company, Cleco Power LLC, which owns nine generating units with a total nameplate capacity of 2,565 megawatts and serves approximately 283,000 customers in Louisiana through its retail business and 10 communities across Louisiana and Mississippi through wholesale power contracts.  Cleco also owns a wholesale energy business, Cleco Midstream Resources LLC, which owns two generating units with a total nameplate capacity of 775 megawatts.  For more information about Cleco, visitwww.cleco.com.

Media Contact:
Robbyn Cooper
(318) 484-7136

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