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Cleco Power LLC: Update to credit analysis

Our credit view of this issuer reflects its securitization legislation in Louisiana, offset by its concentrated service territory prone to severe storms and hurricanes.

Cleco Power LLC: Update to credit analysis

Our credit view of Cleco Power reflects credit supportive Louisiana regulation, offset by a service territory prone to hurricanes and a highly leveraged parent company.

Cleco Power LLC: Update to credit analysis

Our credit view of Cleco Power reflects its formula rate plan that provides timely recovery of costs and investments, offset by its exposure to storms and weak credit metrics.

Cleco Power LLC: Update to credit analysis

Our credit view of Cleco Power reflects supportive regulation, including a formula rate plan that provides timely recovery of costs and investments, offset by its weak financial metrics.

Cleco Power LLC: Update to credit analysis

Our credit view of Cleco Power LLC reflects a credit supportive regulatory construct but weak financial metrics.

Cleco Power LLC: Update to credit analysis

Our credit view of Cleco Power LLC reflects a credit supportive regulatory construct supporting weak financial metrics.

Cleco Power LLC: Update to credit analysis

Our credit view of Cleco Power LLC reflects a credit supportive regulatory construct and stable cash flow generation.

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