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Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees (Tables)

9 Months Ended

Sep. 30, 2011

Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees [Abstract]

Cleco’s off-balance sheet commitments as of September 30, 2011, are summarized in the following table, and a discussion of the off-balance sheet commitments follows the table. The discussion should be read in conjunction with the table to understand the impact of the off-balance sheet commitments on Cleco’s financial condition.

			AT SEPTEMBER 30, 2011
	FACE				NET
(THOUSANDS)	AMOUNT		REDUCTIONS		AMOUNT
Cleco Corporation
Guarantee issued to Entergy Mississippi on behalf of Attala	$	500	$	-	$	500
Cleco Power
Obligations under standby letter of credit issued to the Louisiana Department of Labor		3,725		-		3,725
Total	$	4,225	$	-	$	4,225

Expected Termination Dates of Off-Balance Sheet Commitments and On-Balance Sheet Guarantees

The following table summarizes the expected termination dates of the off-balance sheet commitments and on-balance sheet guarantees discussed above:

							AT SEPTEMBER 30, 2011
			AMOUNT OF COMMITMENT EXPIRATION PER PERIOD
	NET								MORE
	AMOUNT		LESS THAN						THAN
(THOUSANDS)	COMMITTED		ONE YEAR		1-3 YEARS		3-5 YEARS		5 YEARS
Off-balance sheet commitments	$	4,225	$	3,725	$	-	$	-	$	500
On-balance sheet guarantees		33,449		-		29,443		-		4,006
Total	$	37,674	$	3,725	$	29,443	$	-	$	4,506

Future Equity Contributions

The following table reflects remaining future equity contributions.

(THOUSANDS)	CONTRIBUTION
Three months ending December 31, 2011	$	11,508
Years ending December 31,
2012		76,629
2013		36,225
2014		22,927
2015		21,904
Thereafter		20,808
Total	$	190,001

EquityInvestmentsWithImputedInterestRate

The table below contains the disclosures required by the authoritative guidelines for equity investments with an imputed interest rate.

(THOUSANDS)
Equity contributions, imputed interest rate 6%
Principal payment schedule above:	$	190,001
Less: unamortized discount		22,098
Total	$	167,903

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References+ Details