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Cleco receives state regulatory approval to join MISO

Cleco receives state regulatory approval to join MISO

PINEVILLE, La., June 26, 2013 - The regulated utility of Cleco Corporation (NYSE: CNL), Cleco Power LLC (Cleco), today received approval to join the Midcontinent Independent System Operator, Inc. (MISO). At its regular monthly Business and Executive session, the Louisiana Public Service Commission (LPSC) unanimously approved the utility's change of control request.

"We have achieved an important milestone in our process to join MISO, and continue to target full integration by the end of this year," said Bruce A. Williamson, president and CEO of Cleco Corporation. "Our customers can expect to receive the benefits of more efficient generation dispatch and increased reliability through a coordinated transmission planning process." 
                               
Cleco filed the change of control request with the LPSC in December 2012.

Cleco took its first operational steps of the integration process on June 1, 2013 when MISO became Cleco's reliability coordinator. In addition, Cleco began participating in the MISO transmission planning process, where the company will work with other members to plan transmission projects on a regional basis.

"As a MISO member, Cleco will participate in a regional energy market that creates transmission and generation growth opportunities and provides greater access to additional wholesale power loads," said Williamson.

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 natural gas-fired generating units with a total nameplate capacity of 775 megawatts.  For more information about Cleco, visit www.cleco.com.

Analyst Contact:           
Tom Miller
(318) 484-7642

Media Contact:
Robbyn Cooper
(318) 484-7136

 


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