Subsidy Tracker Individual Entry

Company: 
Cleco Power LLC
Parent Company: 
Macquarie
Subsidy Source: 
State
Location: 
Louisiana
City: 
Centerville
County: 
St. Mary
Address: 
155 Power Island Lane
Zip: 
70522
Project Description: 

Cleco designed, built, owns, operates, and maintains the heat recovery steam generator (HRSG), the steam turbine generator (STG), transformers, and other auxiliary equipment at Cabot,??s Canal Plant in Franklin, Louisiana. Cleco and Cabot are not affiliated through common ownership. Cleco constructed the HRSG and STG, and then hired employees to operate and maintain the HRSG and STG.

Year: 
2020
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Subsidy Value: 
$1,584,795
Program Name: 
Enterprise Zone
Awarding Agency: 
Louisiana Economic Development
Type of Subsidy: 
tax credit
Number of Jobs or Training Slots: 
1,507
Wage Data: 
$60,880,000
Wage Data Type: 
Estimated Total Payroll
Capital Investment: 
$139,759,641
Notes: 

Year is application board approval date. Subsidy is the sum of Estimated 5 Year Payroll Credit and Estimated 5 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 5 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 5 year payroll, existing payroll, and estimated construction payroll, which equals the estimated total payroll. Investment data is the sum of Estimated Building And Material, Estimated Machinery And Equipment, and Estimated Labor And Engineering which equals the Total Estimated Investment.

Source Notes: 
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