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Cleco Corporation (CNL)

-NYSE

47.86 Up 0.39(0.82%) May 17, 4:03PM EDT

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Cleco Corporation
2030 Donahue Ferry Road
Pineville, LA 71360-5226
United States - Map
Phone: 318-484-7400
Fax: 318-484-7777
Website: http://www.cleco.com

Details 
Index Membership:N/A
Sector:Utilities
Industry:Electric Utilities
Full Time Employees:1,259

Business Summary 

Cleco Corporation operates as a utility holding company primarily in Louisiana. The company, through its subsidiary, Cleco Power, engages in the generation, transmission, distribution, and sale of electricity to approximately 283,000 customers in Louisiana; and 10 communities in Louisiana and Mississippi. As of December 31, 2012, 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 2,436 megawatts; and 74 active transmission substations and 222 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 3,609 circuit miles of 34.5-kV lines and 8,221 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 based in Pineville, Louisiana.

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Corporate Governance 
Cleco Corporation’s ISS Governance QuickScore as of May 1, 2013 is 5. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 8; Compensation: 6.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. J. Patrick Garrett , 69
Chairman, Chairman of Exec. Committee, Chairman of Nominating/Governance Committee, Chairman of Qualified Legal Compliance Committee and Mang. of Cleco Power
167.00KN/A
Mr. Bruce A. Williamson , 53
Chief Exec. Officer, Pres, Director and Member of Exec. Committee
2.17M0.00
Mr. Darren J. Olagues , 42
Chief Financial Officer and Sr. VP of Fin.
N/AN/A
Mr. Wade A. Hoefling , 57
Sr. VP, Gen. Counsel and Director of Regulatory Compliance
473.00K0.00
Mr. William L. Marks , 69
Director, Chairman of Fin. Committee, Member of Exec. Committee, Member of Compensation Committee and Mang. of Cleco Power LLC
93.00KN/A
Amounts are as of Dec 30, 2012 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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