Cleco Corporation Declares Regular Common and Preferred Dividends

PINEVILLE, LA today declared regular quarterly dividends on the Company's common stock and preferred stock. Following is a summary of dividend payments, as declared:

Class of Stock     Dividend Declared     Record Date      Payment Date
--------------     -----------------     -----------      ------------

Common Stock            $0.225           May 5, 2008      May 15, 2008

4.5% Preferred Stock    $1.125          May 15, 2008      June 1, 2008

The Company has a dividend reinvestment plan which allows dividends on its common and preferred stock to be reinvested in additional shares of common stock at market price. Brokerage commissions and administrative fees are incurred on dividend purchases.

Cleco Corp. is a regional energy company headquartered in Pineville, La. It operates a regulated electric utility company that serves about 273,000 customers across Louisiana. Cleco also operates a wholesale energy business with approximately 1,350 megawatts of name plate capacity. For more information about Cleco, visit www.cleco.com.

Investor Contacts: Cleco Corporation: Ryan Gunter (318) 484-7724 Shareholder Services: Rodney Hamilton (318) 484-7593 Analyst Inquiries: Dresner Corporate Services Kristine Walczak (312) 780-7205 Media Contact: Cleco Corporation Fran Phoenix (318) 484-7467

Cleco (NYSE:CNL)
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