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 (http://bit.ly/1njRyEb ) 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, http://theadvocate.com

  • Most Popular StoriesMost Popular StoriesMore>>

  • MH17 family living in 'hell beyond hell' after losing three kids

    MH17 family living in 'hell beyond hell' after losing three kids

    Wednesday, July 23 2014 5:23 PM EDT2014-07-23 21:23:40 GMT
    Siblings Evie, Mo and Otis Maslin died when the Malaysia Airlines jetliner was shot down over eastern Ukraine on Thursday. (Courtesy of Maslin Family)Siblings Evie, Mo and Otis Maslin died when the Malaysia Airlines jetliner was shot down over eastern Ukraine on Thursday. (Courtesy of Maslin Family)
    (NBC News) Parents who lost three young children and their grandfather when Flight MH17 was shot down by pro-Putin rebels revealed that they now "live in a hell beyond hell." More >>
    (NBC News) Parents who lost three young children and their grandfather when Flight MH17 was shot down by pro-Putin rebels revealed that they now "live in a hell beyond hell." 
    More >>
  • APD: Weapons/Narcotics arrest

    APD: Weapons/Narcotics arrest

    Wednesday, July 23 2014 12:27 PM EDT2014-07-23 16:27:53 GMT
    ALEXANDRIA, La. (KALB News Channel 5) -- On July 22, 2014, at 1:00 AM, APD Officers were dispatched to the 700 Block of Everett Street in reference to an assault with a firearm.More >>
    ALEXANDRIA, La. (KALB News Channel 5) -- On July 22, 2014, at 1:00 AM, APD Officers were dispatched to the 700 Block of Everett Street in reference to an assault with a firearm.More >>
  • Tennessee man accused of threatening to kill Obama

    Tennessee man accused of threatening to kill Obama

    Wednesday, July 23 2014 2:52 PM EDT2014-07-23 18:52:07 GMT
    NASHVILLE, Tenn. (AP) — A man left profanity-filled voicemails with Tennessee's homeland security office threatening to kill President Barack Obama and other officials, saying in one that he would "light Nashville up," according to court documents.More >>
    NASHVILLE, Tenn. (AP) — A man left profanity-filled voicemails with Tennessee's homeland security office threatening to kill President Barack Obama and other officials, saying in one that he would "light Nashville up," according to court documents.More >>
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.