Calpine Files Motion To Reject The Acadia Tolling Agreements.

PINEVILLE, La. -- On December 20, 2005, Calpine Corporation and many of its subsidiaries, including Calpine Acadia Holdings, LLC (CAH) and Calpine Energy Services, L.P. (CES), filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. As part of the bankruptcy proceedings, the Calpine entities filed a motion on December 21, 2005 to reject both 20-year tolling agreements between CES and Acadia Power Partners, LLC (APP), a limited liability company whose members are CAH and Acadia Power Holdings, LLC, a wholly owned subsidiary of Cleco Corporation (NYSE:CNL). Each member owns a 50 percent membership interest in APP. APP owns a 1,160-megawatt, natural gas-fired power plant near Eunice, Louisiana.

The bankruptcy court has scheduled a hearing on the motion to reject the tolling agreements for January 5, 2006.

Cleco Corp. is a regional energy services provider headquartered in Pineville, La. It operates a regulated electric utility company that serves approximately 265,000 customers across Louisiana. Cleco also operates a wholesale energy business with nearly 1,400 megawatts of generating capacity. For more information, visit www.cleco.com.