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Cleco Corporation (CNL)

55.28 Down 0.04(0.07%) Aug 22, 4:02PM EDT
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Cleco Corporation
2030 Donahue Ferry Road
Pineville, LA 71360
United States - Map
Phone: 318-484-7400

Index Membership:N/A
Industry:Electric Utilities
Full Time Employees:1,205

Business Summary 

Cleco Corporation operates as a public utility holding company primarily in Louisiana. The company, through its subsidiary, Cleco Power LLC, is engaged in the generation, transmission, distribution, and sale of electricity to approximately 284,000 customers in Louisiana through its retail business; and supplies wholesale power in Louisiana and Mississippi. As of December 31, 2013, it had ownership interests in 3 steam electric generating stations, 2 gas turbines, 1 combined cycle unit with a combined nameplate capacity of 2,565 megawatts, and a combined electric net generating capacity of 2,477 megawatts; and 81 active transmission substations and 220 active distribution substations. The company also owned transmission system consisted of approximately 67 circuit miles of 500-Kilovolt (kV) lines; 534 circuit miles of 230-kV lines; 671 circuit miles of 138 kV lines; and 28 circuit miles of 69-kV lines, as well as distribution system consisted of approximately 3,631 circuit miles of 34.5-kV lines and 8,241 circuit miles of other lines. Cleco Corporation, through its other subsidiary, Midstream, also owns and operates a combined-cycle natural gas-fired power plant; and owns a natural gas interconnection system. The company was founded in 1934 and is headquartered in Pineville, Louisiana.

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Corporate Governance 
Cleco Corporation’s ISS Governance QuickScore as of Aug 1, 2014 is 2. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 7; Compensation: 2.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. J. Patrick Garrett , 70
Non-Exec. Chairman, Chairman of Exec. Committee, Chairman of Nominating/Governance Committee, Chairman of Qualified Legal Compliance Committee and Mang. of Cleco Power
Mr. Bruce A. Williamson , 55
Chief Exec. Officer, Pres, Director and Member of Exec. Committee
Mr. Thomas R. Miller , 53
Chief Financial Officer and Sr. VP
Ms. Judy P. Miller , 56
Sr. VP of Corp. Services & Information Technology
Mr. Wade A. Hoefling , 58
Sr. VP, Director of Regulatory Compliance and Gen. Counsel
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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