Cleco Restoring Power after Rita Hits Service Territory; Utility restores power to more than 42,000 customers by Sunday.PINEVILLE, La. -- Restoration work by Cleco Power, a subsidiary of Cleco Corp. (NYSE NYSE See: New York Stock Exchange :CNL CNL CityNightLine (German Rail) CNL Cancel CNL Clinical Nurse Leader Cnl Colonel CNL Center for Naval Leadership CNL Compensated Neutron Log (oil industry) ), was in full gear Sunday after Hurricane Rita Hurricane Rita was the fourth-most intense Atlantic hurricane ever recorded and the most intense tropical cyclone ever observed in the Gulf of Mexico. Rita caused $11.3 billion in damage on the U.S. Gulf Coast in September 2005. left more than half of the company's utility customers without power. Initial estimates are the majority of customers should have power restored within a week. As of 4 p.m. Sunday, Cleco Power had restored electricity to 41,638, or 30 percent, of the 136,584 customers affected by Rita, the second hurricane to hit the utility's territory within a month. None of Cleco's generating stations was damaged by Rita. "Rita was a large storm that hit our entire service territory, but our initial assessments show the damage does not approach what we suffered from Hurricane Katrina Approximately 600 miles of transmission lines, roughly half of Cleco Power's transmission system, were affected by the storm, and damage assessment is continuing today. "The good news is our initial review shows minor structural damage to our transmission system. Most of the problems are tree-related such as trees leaning on transmission lines," Madison said. When Rita hit, Cleco still had approximately 2,000 customers out in the North Shore area who were unable to accept power to their homes due to damage caused by Hurricane Katrina. "We're officially wrapping up work on Katrina today, ending the longest restoration effort in the company's 70-year history," Madison said. Cleco Corp. is an energy services company headquartered in Pineville, La. It operates a regulated electric utility that serves approximately 265,000 customers across Louisiana. Cleco also operates a wholesale energy business that has more than 1,300 megawatts of generating capacity. For more information about Cleco, visit www.cleco.com. Please note: In addition to historical information, this news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. about future results and circumstances with respect to which there are many risks and uncertainties that are more fully described in the company's latest Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. . Actual results may differ materially from those indicated in such forward-looking statements. |
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