Cleco Subsidiary To Pursue Damages If Perryville Tolling Agreement Rejected.Business Editors PINEVILLE, La.--(BUSINESS WIRE)--Aug. 29, 2003 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) )(PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :CNL) announced today its Perryville Energy Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (PEP) subsidiary intends to seek damages against Mirant Corp. and its affiliates if a bankruptcy court overseeing the company's Chapter 11 filing approves a request from Mirant's energy marketing subsidiary to reject its tolling agreement with PEP. Mirant America's Energy Marketing L.P. (MAEM MAEM Mirant Americas Energy Marketing Inc. (Atlanta, GA) ), holds a 20-year tolling agreement for the entire output of the 725-megawatt Perryville Power Station. MAEM filed the request to reject the agreement as part of its bankruptcy proceedings. While PEP plans to seek damages against Mirant Corp. and other affiliates through bankruptcy court, PEP also intends to pursue options to realize the value of the plant either through marketing the plant's output or selling the facility. Cleco Corp. is an energy services company headquartered in Pineville, La. It operates a regulated electric utility that serves 260,000 customers across Louisiana. Cleco also operates a wholesale energy business that has approximately 2,100 megawatts of generating capacity. For more information about Cleco, visit www.cleco.com. |
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