NEW YORK (Standard&Poor's) Dec. 11, 2007--Standard&Poor's Ratings Services revised the outlook on Cleco Corp. and its subsidiary Cleco Power LLC to stable from negative. The outlook revision reflects Cleco's efforts to preserve its credit profile while constructing the Rodemacher Unit 3 600MW generation facility through a timely and on-budget schedule, a generally constructive regulatory framework that provides for recovery of 75% of AFUDC in current rates, and plans to file for a new rate case at the end of 2008 to incorporate the new plant into rate base. At the same time, Standard&Poor's affirmed its 'BBB' corporate credit rating. Cleco is a Pineville, La.-based diversified energy company with $873 million of adjusted debt as
