CORRESP 1 filename1.htm
June 3, 2022

Division of Corporation Finance

Securities and Exchange Commission
Division of Corporate Finance
100 F Street, N.E.
Washington, D.C. 20549
        
 Attention:  
Arthur Sandel – Structured Finance
     
Re:
 
Cleco Securitization I LLC
    Cleco Power LLC
    Registration Statement on Form SF-1
    Filed April 15, 2022
    File No.s 333-264319 and 333-264319-01
         

Dear Mr. Sandel:

In connection with the proposed offering of the securities under the above-captioned Registration Statement on Form SF-1 (the “Registration Statement”), we wish to advise you that we, as representatives of the underwriters, hereby join the request of Cleco Power LLC and Cleco Securitization I LLC that the effective date of the Registration Statement be accelerated so that the same will become effective on June 7, 2022 at 11:00 a.m. E.T., or as soon as practicable thereafter.

The following is supplemental information supplied under Rule 418(a)(7) and Rule 460 under the Securities Act of 1933:

 
(i)
Date of Preliminary Prospectus: May 26, 2022

  (ii)
Anticipated dates of distribution: June 6, 2022 – June 9, 2022

  (iii)
Number of preliminary prospectuses expected to be distributed to prospective underwriters, institutional investors, dealers and others: approximately 1500

  (iv)
We have complied and will comply, and have been informed by the participating underwriters that they have complied and will comply with the requirements of Rule 15c2-8 under the Securities Exchange Act of 1934, as amended.

Pursuant to Rule 460 of the Securities Act of 1933, please be advised that there will be distributed to each underwriter, who is reasonably anticipated to participate in the distribution of the securities, as many copies of the proposed form of Preliminary Prospectus as appears to be reasonable to secure adequate distribution of the Preliminary Prospectus.

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Very truly yours,

J.P. Morgan Securities LLC
Credit Agricole Securities (USA) Inc.


J.P. MORGAN SECURITIES LLC


By: /s/ Faika Farhana                                            
Name: Faika Farhana
Title: Executive Director


CREDIT AGRICOLE SECURITIES (USA) INC.


By: /s/ Leo Burrell                                                  
Name: Leo Burrell
Title: Managing Director


On behalf of each of the Underwriters

Signature Page to Underwriters’ Acceleration Request