0001089819-12-000022.txt : 20120229 0001089819-12-000022.hdr.sgml : 20120229 20120229103212 ACCESSION NUMBER: 0001089819-12-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120229 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120229 DATE AS OF CHANGE: 20120229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLECO POWER LLC CENTRAL INDEX KEY: 0000018672 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 720244480 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05663 FILM NUMBER: 12650444 BUSINESS ADDRESS: STREET 1: 2030 DONAHUE FERRY ROAD CITY: PINEVILLE STATE: LA ZIP: 71360-5226 BUSINESS PHONE: 3184847400 MAIL ADDRESS: STREET 1: 2030 DONAHUE FERRY ROAD CITY: PINEVILLE STATE: LA ZIP: 71360-5226 FORMER COMPANY: FORMER CONFORMED NAME: CLECO UTILITY GROUP INC DATE OF NAME CHANGE: 19990708 FORMER COMPANY: FORMER CONFORMED NAME: CENTRAL LOUISIANA ELECTRIC CO INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLECO CORP CENTRAL INDEX KEY: 0001089819 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 721445282 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15759 FILM NUMBER: 12650443 BUSINESS ADDRESS: STREET 1: 2030 DONAHUE FERRY ROAD CITY: PINEVILLE STATE: LA ZIP: 71360-5226 BUSINESS PHONE: 3184847400 MAIL ADDRESS: STREET 1: PO BOX 5000 CITY: PINEVILLE STATE: LA ZIP: 71361-5000 FORMER COMPANY: FORMER CONFORMED NAME: CLECO HOLDING CORP DATE OF NAME CHANGE: 19990630 8-K 1 clecocorp8k_022912.htm CLECO CORPORATION SEC FORM 8-K clecocorp8k_022912

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8‑K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): February 29, 2012

CLECO CORPORATION
(Exact name of registrant as specified in its charter)

Louisiana
1-15759
72-1445282
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
 
Identification No.)

2030 Donahue Ferry Road
 
Pineville, Louisiana
71360-5226
(Address of principal executive offices)
(Zip Code)
 
 
Registrant's telephone number, including area code: (318) 484-7400

CLECO POWER LLC
(Exact name of registrant as specified in its charter)

Louisiana
1-05663
72-0244480
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
 
Identification No.)

2030 Donahue Ferry Road
 
Pineville, Louisiana
71360-5226
(Address of principal executive offices)
(Zip Code)
 
 
Registrant's telephone number, including area code: (318) 484-7400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 8.01     Other Events
 
On February 29, 2012, Cleco Corporation (the “Company”) announced a new management structure at the Company and at its wholly owned subsidiary Cleco Power LLC (“Cleco Power”) involving different reporting relationships and several promotions. All of the actions in connection with such management changes were approved by the Company's Board of Directors and Cleco Power's Board of Managers on February 28, 2012 and will be effective March 17, 2012. In connection with such changes, Keith D. Crump and William G. Fontenot, both formerly Cleco Power Group Vice Presidents, have been promoted to Senior Vice President of Commercial Operations and Senior Vice President of Utility Operations, respectively. These two new roles will replace the position of President and Chief Operating Officer of Cleco Power held by George W. Bausewine, who will retire March 1, 2012. Mr. Bausewine's retirement was announced in the Current Report on Form 8-K which was filed on November 2, 2011. W. Keith Johnson, Jr., formerly Acting Vice President of Cleco Midstream Resources LLC (“Midstream”), a wholly owned subsidiary of the Company, has been named General Manager of Fuel Management for Cleco Power. Mr. Johnson will transfer from Midstream to Cleco Power effective March 17, 2012.

A copy of the Company's press release announcing Mr. Crump's and Mr. Fontenot's promotions, Mr. Johnson's appointment and the Company's new senior management structure is attached to this Current Report on Form 8-K as Exhibit 99.1.










Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
The following exhibit is furnished herewith:
 
99.1 Press Release issued February 29, 2012 announcing Mr. Crump's and Mr. Fontenot's promotions, Mr. Johnson's appointment, and the Company's new senior management structure.






SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


 
CLECO CORPORATION
 
 
 
 
 
 
Date: February 29, 2012
By: /s/ Terry Taylor               
 
Terry Taylor
 
Controller and Chief Accounting Officer


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 
CLECO POWER LLC
 
 
 
 
 
 
Date: February 29, 2012
By: /s/ Terry Taylor               
 
Terry Taylor
 
Controller and Chief Accounting Officer




EXHIBIT INDEX

Exhibit Number
Exhibit Description
 
 
99.1
Press Release issued February 29, 2012 announcing Mr. Crump's and Mr. Fontenot's promotion, Mr. Johnson's appointment, and the Company's new senior management structure.




EX-99.1 2 exhibit991022912.htm EXHIBIT 99.1 exhibit 99.1 022912

Cleco announces new utility management structure
Changes sharpen focus on business functions, company and employee growth

PINEVILLE, La., Feb. 29, 2012 - Cleco Corporation (NYSE:CNL) today announced a new management structure for its regulated utility subsidiary, Cleco Power LLC, that sharpens the focus on core business functions and provides a catalyst for future company growth and for employee advancement and development.
Cleco Power's two former group vice presidents have been named senior vice presidents and will report directly to Cleco Corporation's President & CEO Bruce Williamson.
Keith Crump will become senior vice president of commercial operations, while Bill Fontenot will become senior vice president of utility operations. These two new roles replace the position of president and COO of Cleco Power held by George W. Bausewine, who announced in November he would be retiring March 1, 2012.
“As we set our strategy to focus on our utility, we have redefined the management structure to a functional focus,” said Williamson. “The goal is to achieve stronger coordination, strategy and planning in all Cleco Power business areas.
“Keith will be leading and coordinating areas of our company that interface with our retail and wholesale customers. His responsibilities include buying fuel for our power plants, working with regulators as we grow Cleco and positioning the company for changing environmental and transmission rules. Bill will be working with operations and engineering teams to focus on reliability, lowering cost and increasing efficiency in all of our electric operations from the generating unit to transmission and distribution. These senior management changes also will create additional development opportunities for our employees,” he said.
Crump's direct reports and their areas of responsibility are as follows:

Shirley Turner, previously manager of customer services, has been promoted to general manager of customer experience management;
Robert Cleghorn, previously general manager of regulatory strategy, will be general manager of regulatory strategy and planning;
Shane Hilton, previously general manager of retail operations, will be general manager of transmission strategy;

-more-



Keith Johnson, previously acting vice president of Cleco Midstream Resources, will be general manager of fuel management; and
Terry Spruill, previously manager of wholesale energy services, has been promoted to general manager of marketing.

Fontenot's direct reports and their areas of responsibility are as follows:
Anthony Bunting, previously vice president of customer service and energy delivery, will be vice president of transmission and distribution operations;
Steve Carter, previously vice president of regulated generation, will be vice president of generation operations;
Greg Coco, previously general manager of transmission services, will be general manager of generation engineering and construction; and
Mark Prevost, previously general manager of power plant engineering and construction, will be general manager of transmission and distribution engineering.

All changes will be effective March 17, 2012.

Cleco Corporation is a regional energy company headquartered in Pineville, La. Cleco owns a regulated electric utility company, Cleco Power LLC, which owns nine generating units with a total nameplate capacity of 2,524 megawatts and serves approximately 281,000 customers in Louisiana through its retail business and 10 communities across Louisiana and Mississippi through wholesale power contracts. Cleco also owns a wholesale energy business, Cleco Midstream Resources LLC, which owns two natural gas-fired generating units with a total nameplate capacity of 775 megawatts. For more information about Cleco, visit www.cleco.com.

Analyst Contact:    
Russell Davis
(318) 484-7501

Media Contact:
Robbyn Cooper
(318) 484-7136

###


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