Cleco customers getting refund, lower rates - KALB-TV News Channel 5 & CBS 2

Cleco customers getting refund, lower rates

Posted: Updated:

BATON ROUGE, La. (AP) - Cleco Power customers will see a reduction in their bills and get a refund under a rate plan approved by the Louisiana Public Service Commission.

Cleco is based in Pineville.

The Advocate reports ( ) the approval extends Cleco Power's formula rate plan for four years, reducing its base rates for customers by $34 million. That's equal to an annual decrease of $84 for an average residential customer's bill.

The one-time refund totals $22 million, or $46 for an average residential customer. Cleco said Wednesday the refund will be included on September bills.

Cleco said the plan also includes a rate of return and mechanism to fund future growth transactions for the utility.

Cleco Power serves about 284,000 customers in Louisiana.

Information from: The Advocate,

Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KALB. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.