CNL Cleco Corp.

Cleco Corp. (NYSE:CNL) announced today it has amended two revolving credit facilities to strengthen its liquidity and lessen its refinancing risk. Cleco Power LLC increased the size of its revolving credit facility by $150 million to $275 million. In addition, the terms of Cleco Power's credit facility and the $150 million corporate facility were extended by one year to 2011. "The expansion of Cleco Power's credit facility improves our liquidity as we move ahead with construction of our $1 billion Rodemacher Unit 3 generation project," Cleco President and CEO Michael Madison said. "We not only bolstered our liquidity by adding to the Cleco Power facility, we also extended both facilities at lower pricing." Construction has begun on the new 600-megawatt solid-fuel unit at Cleco's Rodemacher Power Station at Boyce. The unit will increase the utility's fuel diversity by reducing its use of natural gas. Cleco Corp. is a regional energy services company headquartered in Pineville, La. It operates a regulated electric utility that serves 267,000 customers across Louisiana. Cleco also runs a wholesale energy business that owns approximately 1,350 megawatts of generating capacity. For more information about Cleco, visit www.cleco.com.