Stock Report: Cleco Corp. (CNL) Report Updated: Jun 17, 2013 | Print This Page

Cleco Corporation operates as a utility holding company primarily in Louisiana. The company, through its subsidiary, Cleco Power, engages in the generation, transmission, distribution, and sale of electricity to approximately 281,000 customers in Louisiana; and 10 communities in Louisiana and Mississippi. As of December 31, 2011, it had ownership interests in 3 steam electric generating stations, 1 gas turbine, 1 combined cycle unit, and 1 cycle unit with a combined nameplate capacity of 2,524 megawatts, and a combined electric net generating capacity of 2,488 megawatts. Cleco Corporation also owned 72 active transmission substations and 223 active distribution substations. The company, through its subsidiary, Midstream, also owns and operates a combined-cycle natural gas-fired power plant; and owns a natural gas interconnection system. Cleco Corporation was founded in 1934 and is based in Pineville, Louisiana.