CLECO CORP NEW
			Symbol			CNL

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Acadia Power Partners to Sell Half of Acadia Plant to Entergy Louisiana

2009-10-30 16:38 ET - News Release

PINEVILLE, LA -- (MARKET WIRE) -- 10/30/09

Acadia Power Partners, LLC (APP) announced today that it has signed a purchase and sale agreement for Unit 2 of the Acadia Power Station, a 580-megawatt generating unit located near Eunice, to Entergy Corp.'s subsidiary, Entergy Louisiana, LLC. APP is 50 percent owned by a subsidiary of Cleco Corp.'s (NYSE: CNL) subsidiary Cleco Midstream Resources LLC.

"The sale of Acadia Unit 2 continues progress toward our goal of maximizing the value of our Cleco Midstream assets," said Mike Madison, president and CEO of Cleco Corp. "The successful execution of this transaction will further reduce our merchant market risk and bring value to our shareholders."

The Acadia Power Station, which began commercial operation in 2002, consists of two Siemens-Westinghouse combined-cycle gas-fired generating units, nominally rated at 580 megawatts each. APP proposes to sell 100 percent of Acadia Unit 2 and 50 percent of the facility's common assets. In a separate transaction earlier this year, Cleco Power LLC is acquiring Acadia Unit 1 and the other 50 percent of the facility's common assets pending regulatory approval. Upon closing the transaction, Cleco Power will serve as operator for the entire facility.

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