Cleco Corp. and Calpine’s Acadia Power Plant project begins operation


PINEVILLE, La., Aug. 8, 2002 — Acadia Power Partners LLC, a 50/50 joint venture between subsidiaries of Cleco Corp. and Calpine Corp., recently announced that the 1,160-MW Acadia Power Project near Eunice has begun operations.

“This is the third unregulated plant Cleco has brought on-line in the last four years,” said Darrell Dubroc, executive vice president and chief operating officer of Cleco Midstream Resources LLC, Cleco’s wholesale energy subsidiary. “We have completed a disciplined growth schedule, producing three solid assets that are available to serve the future electricity needs of Louisiana and the region.”

Construction of the plant began in July 2000 and was completed in time to meet peak summertime demand.

Dubroc added, “This generation facility is considered state of the art with regard to both energy efficiency and environmental protection, and we believe it will provide some of the cleanest, most-reliable power available.”

The Acadia Power Project will operate natural gas-fired combustion turbines and heat recovery steam generators. This combined-cycle facility is up to 40 percent more efficient than older technology gas-fired plants. Combined-cycle technology recycles heat from combustion turbines to turn steam turbines, increasing the amount of power produced while reducing the amount of fuel burned.

The plant’s total capacity has been sold through two long-term power sales agreements.

About Calpine
Based in San Jose, Calif., Calpine Corporation is an independent power company that is dedicated to providing customers with clean, efficient, natural gas-fired and geothermal power generation. It generates and markets power, through plants it develops, owns and operates, in 23 states in the United States, three provinces in Canada and in the United Kingdom. The company was founded in 1984 and is publicly traded on the New York Stock Exchange under the symbol CPN. For more information about Calpine, visit its website at www.calpine.com.

Cleco Corp. is a regional energy services company headquartered in Pineville, La. It operates a nonregulated, midstream energy business that has approximately 2,100 megawatts of unregulated generating capacity in operation. Cleco also operates a regulated electric utility company that serves approximately 250,000 customers across Louisiana. For more information, visit www.cleco.com.


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