Cleco La. Rodemacher 3 power plant enters service

* Cleco takes control of $1 bln project from Shaw

* Cleco to start recovering project costs from ratepayers

* Cleco to use pet coke to fuel plant

NEW YORK, Feb 12 (BestGrowthStock) – Cleco Corp (CNL.N: ) said Friday
the 600-megawatt Rodemacher 3 solid fuel power plant in
Louisiana entered service.

In a release, Cleco, of Pineville, Louisiana, said it
accepted control of the $1 billion unit after the Shaw Group
Inc (SHAW.N: ) met provisional performance guarantees to achieve
commercial operation.

With the commercial operation of the plant, Cleco will
activate its new rate plan to recover the unit’s costs. The
Louisiana Public Service Commission approved the plant in
October 2009.

Shaw meanwhile will remain on site to address miscellaneous
items and continue optimizing unit operation to meet
performance guarantees. Cleco awarded Shaw the engineering,
procurement and construction contract in August 2005.
Construction started in April 2006, Cleco has said.

The plant will use circulating fluidized-bed technology
that can burn multiple solid fuels to generate power.
Initially, Cleco will burn petroleum coke, an oil refining
byproduct, to fuel the unit.

But Cleco was also looking at using woody biomass as a
potential fuel since the project is located in a timber-rich
area.

Cleco said in the past Louisiana refineries have supplied
nearly 400,000 tons of pet coke that have been delivered to and
stored at the site.

Rodemacher is located north of Alexandria in Rapides Parish
about 140 miles (225 km) northwest of Baton Rouge, the state
capital.

Stock Market Report

(Reporting by Scott DiSavino; Editing by Lisa Shumaker)

Cleco La. Rodemacher 3 power plant enters service