Cleco Corporation is a utility holding company which holds investments in several subsidiaries, including Cleco Power and Midstream, which are its operating business segments. The Company conducts substantially all of its business operations through its two primary subsidiaries: Cleco Power and Cleco Midstream. Cleco Power, an electric utility company, owns nine generating units with a total nameplate capacity of 2,565 MW and serves approximately 284,000 customers in Louisiana through its retail business and supplies wholesale power in Louisiana and Mississippi, and Cleco Midstream, a wholesale energy business, owns Evangeline. Evangeline owns two generating units with a total nameplate capacity of 775 MW. During 2013, FERC and LPSC approval was granted to transfer Coughlin to Cleco Power.