Friday, February 26, 2010

Boo-Yah! Cleco Already Bragging

Looks like Mike Madison moonwalked all over Jacques face.  Check out page 124 of Cleco's report.

City of Alexandria Settlement 
February 23, 2010, the Alexandria City Council approved a settlement of the case which included a $3.0 million litigation expense reimbursement to the City and a new five-year, energy-only power supply agreement. The supply agreement may be extended, at Cleco Power’s option, for two additional one-year terms. If the City performs its obligations under the new power supply agreement, then Cleco will pay a one-time $6.5 million performance bonus at the end of the five-year term to the City.  The court dismissed the case with prejudice on February 24, 2010.