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Exhibit 10.1

Amended 2005 compensation information for Michael H. Madison, David M. Eppler
and Dilek Samil:

 

 

2005-2007 LTIP Cycle (1)

Name and Principal
Position

2005 Base
Salary

2005 AIP
Target

Number of
Threshold
Shares

Number of
Target
Shares

Number of
Maximum
Shares

Michael H. Madison - President and Chief Executive Officer
 

$359,808 (2)

65%

2,477

8,255

16,510

David M. Eppler - Former President and Chief Executive Officer

$228,846 (3)

65%

4,784

15,946

31,892

Dilek Samil - President and Chief Operating Officer (Cleco Power LLC)

$280,385 (4)

50%

2,019

6,729

13,458

_______________________

1  Additional grants of 4,450 and 825 shares of time-based restricted stock were
made to Mr. Madison and Ms. Samil, respectively, in connection with their
appointments to their new positions.

2  Estimated total base salary for 2005.  Mr. Madison's annualized base salary
prior to January 29, 2005 was $285,000; from January 29 through May 4, 2005 was
$300,000; and from and after May 5, 2005 is $400,000.

3  Base Salary paid until Mr. Eppler's retirement effective July 1, 2005.  Mr.
Eppler's annualized base salary for 2005 was $425,000.

4  Estimated total base salary for 2005.  Ms. Samil's annualized base salary
prior to January 29, 2005 was $245,000; from January 29 through May 4, 2005 was
$269,000; and from and after May 5, 2005 is $292,000.

Upon his retirement Mr. Eppler will also receive a $50,000 lump sump payment for
his significant contributions to Cleco.  Mr. Eppler will also receive a pro rata
payout of target and opportunity shares of LTIP performance cycles ending
December 31, 2005, 2006 and 2007, which will result in the award of 3,773
additional shares over those currently awarded to him under these performance
cycles.  Mr. Eppler's gross SERP benefit will be approximately $26,000 per month
and will be reduced by any pension benefits payable.  The LTIP payout and the
SERP monthly benefit are calculated as of July 1, 2005.

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