| Business Summary | | CLECO
Corporation
is
a
holding
company
that
holds
investments
in
several
subsidiaries,
including
Cleco
Power
LLC
and
Cleco
Midstream
Resources
LLC.
Cleco
Power
contains
the
LPSC
jurisdictional
generation,
transmission
and
distribution
electric
utility
operations
serving
the
Company's
traditional
retail
and
wholesale
customers.
Cleco
Power
serves
approximately
249,000
customers
in
63
communities
and
rural
areas
in
the
State
of
Louisiana.
Midstream
operates
competitive
LPSC
non-jurisdictional
electric
generation,
develops
wholesale
generation
projects,
provides
personnel
to
operate
power
plants
and
operates
oil
and
natural
gas
production,
energy
marketing
and
natural
gas
pipeline
businesses.
Midstream
operates
primarily
in
Louisiana
and
Texas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CLECO,
a
holding
company,
generates,
transmits
and
distributes
electric
energy
and
natural
gas
in
LA.
For
the
six
months
ended
6/30/01,
revenues
increased
72%
to
$556.8
million.
Net
income
applicable
to
Common
from
continuing
operations
before
extraordinary
item
decreased
11%
to
$25.3
million.
Revenues
reflect
increases
in
the
retail
electric
operations.
Net
income
was
offset
by
increased
fuel
and
purchased
power
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1998 Pay | |
| David Eppler, 48 Pres,
CEO, Director | $422K | Darrell Dubroc, 37 Sr.
VP | 210K | Catherine Powell, 43 Sr.
VP of Employee and Corp. Services | 262K | Mark Segura, 40 Sr.
VP of Utility Operations | -- | David Miller VP of Strategic Services and CIO | -- | Dollar
amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|