Item 8.01 Other Events.
As previously disclosed in the Quarterly Report on Form 10-Q for the quarter ended September 30, 2012, on July 3, 2012, Cleco Corporation and Cleco Power LLC, collectively referred to herein as "Cleco," filed a Private Letter Ruling (PLR) request with the Internal Revenue Service (IRS) in order to determine the appropriateness and timing of the special allowance for depreciation for the Madison Unit 3 Generating Station. Subsequently, on December 28, 2012, Cleco received a favorable PLR from the IRS, consistent with the request allowing for the additional first year depreciation deduction in the amount of $411 million as reflected on Cleco Corporation's 2011 federal income tax return.

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