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CNL > SEC Filings for CNL > Form 8-K on 17-Mar-2014All Recent SEC Filings

Show all filings for CLECO CORP

Form 8-K for CLECO CORP


Other Events

Item 8.01 Other Events

As previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on May 7, 2012, Cleco Power LLC ("Cleco Power") provisionally accepted an offer whereby the Coughlin Power Station ("Coughlin"), a 775-megawatt nameplate capacity natural gas-fired facility, would be transferred from Cleco Evangeline LLC ("Cleco Evangeline") to Cleco Power. This offer was made in response to Cleco Power's 2011 Request for Proposals. The transfer of Coughlin to Cleco Power was subject to market-based testing in Cleco Power's 2012 Long-Term Request for Proposals ("Cleco Power 2012 RFP") seeking to replace or supplement certain of its existing power supply resources. Cleco Power received proposals from potential suppliers, including the offer under which Coughlin would be transferred from Cleco Evangeline to Cleco Power. Cleco Power announced Cleco Evangeline as the winning bidder in the Cleco Power 2012 RFP, subject to further due diligence, the completion of definitive agreements, and regulatory approvals from the Louisiana Public Service Commission ("LPSC") and the Federal Energy Regulatory Commission ("FERC"). In December 2012, Cleco Power and Cleco Evangeline executed definitive agreements to transfer ownership and control of Coughlin. Cleco Power received approval from FERC on August 26, 2013 and from the LPSC on December 16, 2013. On March 15, 2014, Cleco Midstream Resources ("Cleco Midstream") successfully transferred Coughlin to Cleco Power. Cleco Power expects to finalize the rate treatment of Coughlin as part of its formula rate plan extension proceeding before the LPSC, which is expected to be complete in the second quarter of 2014. Cleco Evangeline is a wholly-owned subsidiary of Cleco Midstream. Cleco Power and Cleco Midstream are both wholly-owned subsidiaries of Cleco Corporation.

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