/ CORRECTION - Cleco Brings Online Unit at Teche Power Station
March 31 2011 - 6:14PM
Marketwired
In the news release, "Cleco Brings Online Unit at Teche Power
Station," issued earlier today by Cleco Corp. (NYSE: CNL), we are
advised by the company that the end of the first paragraph should
read "today announced that it expects to bring online April 1 a new
unit at Teche Power Station in Baldwin" rather than "today
announced that it has brought online a new unit at its Teche Power
Station in Baldwin" as originally issued. Complete corrected text
follows.
Cleco to Bring New Unit Online at Teche Power
Station
PINEVILLE, LA -- March 31, 2011 -- Cleco Power LLC, the
regulated electric utility subsidiary of Cleco Corp. (NYSE: CNL),
today announced that it expects to bring online April 1 a new unit
at Teche Power Station in Baldwin.
Teche Unit 4 is a 35-megawatt unit that will strengthen Cleco
Power's reliability by serving as a blackstart or startup unit,
beginning this summer, in the event of a total system shutdown and
by providing power during times of peak demand. The unit took 12
months to construct and was designed with a General Electric 6B gas
turbine. The project cost approximately $31 million.
"Teche 4's quick-start capability will strengthen our existing
blackstart plan by taking less than 30 minutes to power up," said
George Bausewine, president and COO of Cleco Power. "The unit also
will serve a dual function by providing peaking or 'as needed'
power to our system."
A blackstart plan is required by the North American Electric
Reliability Corporation, a reliability oversight organization. A
blackstart plan describes how a utility would restore its system if
it was separated from the regional transmission grid, experienced a
blackout or had to restart its power generation facilities.
As extreme weather increases the demand for electricity, the
unit also can supply power quickly to Cleco's system. "As we
approach the summer months, which are typically a time of high
energy use, it is reassuring to have the added benefit of Teche 4
on our system," said Bausewine. "We are pleased to have this unit
operational and ready to serve our customers for many years to
come."
Cleco Corp. is a regional energy company headquartered in
Pineville, La. It operates a regulated electric utility company,
Cleco Power LLC, which serves about 279,000 retail customers across
Louisiana. Cleco also operates a wholesale energy business, Cleco
Midstream Resources LLC. For more information about Cleco, visit
www.cleco.com.
Analyst Contact: Cleco Corp. Russell Davis (318) 484-7501
Russell.Davis@cleco.com Media Contact: Cleco Corp. Robbyn
Cooper (318) 484-7136
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