Alexandria, Cleco reach agreement
ALEXANDRIA, La. — The city of Alexandria and Cleco Power LLC have reached a 20-year power-supply agreement.
The agreement, which includes cooperating recruiting new industrial investment to the city, will take effect when the current contract ends in 2015
The contract includes a tiered structure along with tiered pricing beginning at a 30-megawatt capacity minimum. In addition, the company said, the contract contains growth-based elements that align Cleco and Alexandria to attract and serve new industrial load in the Alexandria market.
The city and Cleco have been operating under a five-year agreement, with options for two one-year extensions, that was announced in early 2010.