Cleco Corp. Wins EEI Award for Consistent Financial Success
November 03 2009 - 1:18PM
Marketwired
Cleco Corp. (NYSE: CNL) claimed this year's Edison Electric
Institute (EEI) Index Award for exceptional shareholder return in
the small market capitalization category. The company showed a 76.3
percent return for the five-year period ending Sept. 30, 2009.
"This award is a testament to the skill and commitment level of
our employees, who remained focused on achieving strategic goals,"
said Cleco President and CEO Mike Madison, who accepted the award
at the 44th EEI Financial Conference Nov. 2 in Florida. "One major
strategic goal is the construction of the largest power generator
in our company's history, which at its completion will double our
rate base. This will allow us to continue to provide outstanding
returns to our shareholders and to reduce our average customer's
bill."
The EEI Index is a peer group index that values total return on
member electric utilities, providing a benchmark for long-term
financial performance.
According to EEI president Tom Kuhn, "Not only is Cleco's
five-year achievement impressive, but the company's unique track
record of five consecutive years with positive returns also sends a
message of consistency to investors." The EEI is an association of
US shareholder-owned electric companies which represents
approximately 70 percent of the US electric power industry.
Cleco Corp. is a regional energy company headquartered in
Pineville, La. It operates a regulated electric utility company
that serves 276,000 customers across Louisiana. Cleco also operates
a wholesale energy business with approximately 1,350 megawatts of
nameplate generating capacity. For more information about Cleco,
visit www.cleco.com.
Investor Contacts: Cleco Corp. R. Russell Davis (318) 484-7501
Rodney J. Hamilton (318) 484-7593 Media Contact: Cleco Corp. Tatum
L. Dutile (318) 484-7174
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