Cleco Power LLC, founded in 2000 and based in Pineville, Louisiana, is a regulated electric utility providing reliable power to over 290,000 customers in Louisiana. The company focuses on delivering safe, low-cost electricity through a combination of traditional and renewable energy sources, supporting community growth and sustainability initiatives.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CNL 6.00% 2040-12-01 USDCleco Power LLC | United States | 2040-12-01 | 6.000 | 5.53 |
| CNL 6.50% 2035-12-01 USDCleco Power LLC | United States | 2035-12-01 | 6.500 | 5.20 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Cleco Power began issuing bonds in 2001 to finance infrastructure improvements and operational needs. A notable issuance occurred in 2016, when the company issued $250 million in senior secured bonds at a yield of 4.1%, which was competitive in the utility sector at that time. As of 2023, Cleco's bond yields remain attractive relative to industry peers, aided by its strong credit ratings and solid financial performance. In recent news, the company announced plans for a new green energy initiative, which may lead to additional bond issuances for renewable projects.