Cleco Corporation Reports Increased First Quarter 2002 Earnings.

Business WireApril 30, 2002

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Cleco Corporation Reports Increased First Quarter 2002 Earnings.

Business Editors

PINEVILLE, La.--(BUSINESS WIRE)--April 30, 2002

Cleco Corp. (NYSE, PCX: CNL) today reported higher consolidated diluted earnings per share for the quarter ended March 31, 2002.

David Eppler, Cleco president and CEO, said, "We were very pleased with how our regulated utility helped drive a $0.07 per share increase over last year's first-quarter results. We were equally pleased with the continued expansion of our wholesale energy business.

"As we announced last month, we have an agreement to purchase Mirant's half of the 725-megawatt power p...

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