10-D 1 csiform10-d_030124.htm 10-D Document




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

FORM 10-D

ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

For the semi-annual distribution period from
September 2, 2023 to March 1, 2024



Commission File
Number
Registrant; Address; and Telephone NumberCentral Index Key Number
333-264319
CLECO SECURITIZATION I LLC
0001910923
(Exact name of issuing entity as specified in its charter)
Vincent M. Sipowicz: 318-484-7512
(Name and telephone number, including area code, of the person to contact in connection with this filing)
505 Cleco Drive, Office Number 16, Pineville, Louisiana 71360
318-484-4183
Louisiana (State of organization of the Issuing entity)
87-4333832 (I.R.S. Employer Identification No.)
1-05663
CLECO POWER LLC
0000018672
(Exact name of depositor and sponsor as specified in its charter)
2030 Donahue Ferry Road, Pineville, Louisiana 71360
318-484-7400
Registered/reporting pursuant to (check one)

Title of class
Section 12(b)
Section 12(g)
Section 15(d)
Name of exchange
(If Section 12(b))
Series 2022-A Senior Secured Storm Recovery Bonds, Tranche A-1
☐
☐
☒
Series 2022-A Senior Secured Storm Recovery Bonds, Tranche A-2☐☐
☒


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐





















PART I – DISTRIBUTION INFORMATION


Item 1. Distribution and Pool Performance Information.

The response to Item 1 is set forth in part herein and in part in Exhibit 99.1.

The record date for distributions (i.e., the interest and scheduled principal payments) described in Exhibit 99.1 is February 29, 2024.

Introductory and explanatory information regarding the material terms, parties, and distributions described in Exhibit 99.1 is included in the Prospectus dated June 9, 2022, of Cleco Securitization I LLC (Issuing Entity) relating to the Series 2022-A Senior Secured Storm Recovery Bonds (Bonds) filed with the U.S. Securities and Exchange Commission pursuant to Rule 424(b)(1) of the Securities Act of 1933, as amended, on June 13, 2022.

As indicated in Exhibit 99.1, all required interest and scheduled principal payments on the Bonds have been made with respect to the March 1, 2024, distribution date.

The following items have been omitted pursuant to General Instruction C of Form 10-D:

•Item 1A. Asset-Level Information.

•Item 1B. Asset Representations Reviewer and Investor Communication.


PART II – OTHER INFORMATION


Item 2. Legal Proceedings.

None.

Item 3. Sale of Securities and Use of Proceeds.

None.

Item 5. [Reserved]

The following Items have been omitted pursuant to General Instruction C of Form 10-D:

•Item 4. Defaults Upon Senior Securities.

•Item 6. Significant Obligors of Pool Assets.

•Item 7. Change in Sponsor Interest in the Securities.

•Item 8. Significant Enhancement Provider Information.

•Item 9. Other Information



Item 10. Exhibits

Exhibits filed here within are designated by an asterisk (*). All exhibits not so designated are incorporated by reference to a prior filing, as indicated.

EXHIBIT
NUMBER
DESCRIPTION
SEC FILE OR
REGISTRATION
NUMBER		REGISTRATION
STATEMENT OR
REPORT		EXHIBIT
NUMBER
3.1333-2643198-K(6/22/22)3.2
3.2333-2643198-K(6/22/22)3.4
4.1333-2643198-K(6/22/22)4.1
4.2333-2643198-K(6/22/22)4.2
10.1333-2643198-K(6/22/22)10.1
10.2333-2643198-K(6/22/22)10.2
10.3333-2643198-K(6/22/22)10.3
*99.1



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.


Date:March 6, 2024CLECO SECURITIZATION I LLC
(Issuing Entity)
By: Cleco Power LLC, as Servicer
By:/s/ Vincent M. Sipowicz
Vincent M. Sipowicz
Treasurer