Subsequent Events

3 Months Ended

Mar. 31, 2012

Subsequent Events [Abstract]

Subsequent Event

Note 14 — Subsequent Events

Cleco Power Debt Issuance

On April 5, 2012, Cleco Power entered into an agreement to issue $50.0 million senior unsecured private placement notes at an interest rate of 4.33%. The closing date of the notes is set for May 8, 2012. The maturity date of the notes will be May 15, 2027. The proceeds will be used for the early redemption of Cleco Power’s 5.875% DeSoto Parish pollution control revenue bonds.

Cleco Power Notice of Redemption

On April 5, 2012, Cleco Power issued a notice of redemption to redeem at par all $50.1 million principal amount of its outstanding 5.875% DeSoto Parish pollution control revenue bonds due September 2029. The redemption date for the notes will be May 11, 2012. As part of the redemption, Cleco Power will pay $0.6 million of accrued interest on the redeemed notes.