Cleco Holdings, LLC is a holding company located in Pineville, Louisiana. It was established in 1934 and operates as a regulated electric utility providing power to nearly all of Louisiana’s 64 parishes.

Cleco Holdings has a subsidiary, Cleco Power LLC, which generates, transmits, and distributes electricity to more than 288,000 customers in Louisiana. The company also has a commercial and industrial customer base that includes petrochemical and manufacturing plants, hospitals and schools.

Cleco Power produces electricity through a diversified mix of resources including natural gas, coal, and renewable energy. The company’s efficiency and cost-effective operations have resulted in it being one of the lowest-cost providers in Louisiana.

The company has a strong history of reliability and customer satisfaction. Cleco Power has been recognized for its efforts to enhance customer service, such as the introduction of the Smart Grid system which allows customers to track their energy usage in real-time.

Cleco Holdings has also made significant contributions to the communities in which it operates. It has established the Cleco Community Fund, worth $3 million, which supports various charitable organizations, and the Cleco Cajun Christmas, an annual gift-giving program that distributes Christmas presents to Louisiana’s underprivileged children.

In early 2016, Cleco Holdings was acquired by a consortium of investor groups for $4.7 billion, led by Macquarie Infrastructure and Real Assets (MIRA). Following the acquisition, the company’s headquarters remained in Pineville, and new investments were made to expand its operations and improve its infrastructure.

One notable project was the St. Mary Clean Energy Center, a natural gas-fired plant that began commercial operations in June 2019. The facility was built with the latest technology to reduce carbon emissions and increase efficiency.

Cleco Holdings has also made significant investments in renewable energy. In 2020, the company announced plans to build a 50-megawatt solar plant in St. Landry Parish, Louisiana, which would be one of the largest solar facilities in the state. The project is expected to generate significant economic benefits for the local community, including job creation and tax revenue.

The company’s commitment to sustainability extends beyond its renewable energy efforts. In 2020, Cleco Power announced a goal to reduce its carbon emissions by 50% by the year 2030, with a long-term goal of achieving net-zero carbon emissions by 2050.

Cleco Holdings has faced challenges in the past, such as damage caused by hurricanes and other natural disasters. However, the company has demonstrated resilience and a commitment to restoring power quickly to its customers.

In conclusion, Cleco Holdings is a well-established and trusted electric utility provider in Louisiana. The company’s commitment to sustainability, customer satisfaction, and community involvement make it a valuable asset to the state. As Cleco Power continues to expand and improve its operations, we can expect the company to remain an integral part of Louisiana’s energy landscape for years to come.

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