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Stock Market & Financial Investment News

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March 17, 2014
09:02 EDTCNLCleco transfers Coughlin Power Station to regulated utility
Cleco announced the transfer of Coughlin Power Station to its regulated utility, Cleco Power, from its unregulated subsidiary, Cleco Midstream. Cleco Power assumed ownership of the natural gas-fired unit Saturday, March 15. This transaction will add 775-megawatts of nameplate capacity to Cleco Power's regulated fleet. As part of the utility's generation units, the Coughlin facility is a key component of providing capacity, energy and services to Dixie Electric Membership Corporation, or DEMCO. This contract is to begin on April 1, and will grow the utility's total customer load by more than 20%. DEMCO serves the growing suburban Baton Rouge market and is one of the largest cooperatives in Louisiana.
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