Cleco Power Files to Issue RFP for Power Supply

PINEVILLE, LA--(Marketwire - June 27, 2007) - Cleco Power LLC, a subsidiary of Cleco Corp. (NYSE: CNL), is looking for proposals to supply its customers with up to approximately 600 megawatts of intermediate and/or peaking capacity starting Jan. 1, 2010, to fill projected long-term load growth requirements.

The power-supply initiative is the subject of an informational filing made today by Cleco Power with the Louisiana Public Service Commission (LPSC). The filing notified the LPSC of the company's intent to issue a request for proposals (RFP) for either firm electric capacity and energy contracts or the purchase of generation facilities. To investigate all opportunities to supply reliable power at the lowest reasonable cost, Cleco Power will test a number of self-build options against the market.

Selections from the RFP will require prior authorization of the LPSC pursuant to a certificate of public convenience and necessity. Also, the Federal Energy Regulatory Commission would have authority to review agreements for certain asset purchases and power purchases if any are selected.

"Once again, our goal is to meet our customers' growing needs with the most economic resources," said Dilek Samil, president and chief operating officer of Cleco Power. Cleco Power owns approximately 1,350 MW of generation and is currently constructing a 600 MW solid-fuel unit with an expected commercial operation date of late 2009. Cleco Power currently supplements its power needs through short-term power purchase agreements totaling 750 MW.

Cleco Corp. is a regional energy company headquartered in Pineville, La. It operates a regulated electric utility company that serves 268,000 customers across Louisiana. Cleco also operates a wholesale energy business with approximately 1,350 megawatts of generating capacity. For more information about Cleco, visit www.cleco.com.

Contact Information: Investor Contacts: Cleco Corporation: Ryan Gunter (318) 484-7724 Rodney J. Hamilton (318) 484-7593 Analyst Inquiries: Dresner Companies Kristine Walczak (312) 726-3600 Media Contact: Cleco Corporation Mike Burns (318) 484-7663