CLECO POWER LLC

EX-4.1 2 ny20039729x11_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 INDENTURE by and between CLECO SECURITIZATION II LLC, Issuer and THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, Indenture Trustee and Securities Intermediary Dated as of March 12, 2025 TABLE OF CONTENTS Page ARTICLE I DEFINITIONS AND RULES OF CONSTRUCTION; INCORPORATION BY REFERENCE 2 SECTION 1.01. Definitions and Rules of Construction 2 SECTION 1.02. Incorporation by Reference of Trust Indenture Act …

EX-4.2 3 ny20039729x11_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 This SERIES SUPPLEMENT, dated as of March 12, 2025 (this “Supplement”), is by and between CLECO SECURITIZATION II LLC, a limited liability company created under the laws of the State of Louisiana (the “Issuer”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, in its capacity as indenture trustee (the “Indenture Trustee”) for the benefit of the Secured Parties under the Indenture dated as of March 12, 2025 (the “Indenture”), by and between the Issuer and THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION, in its capacity as Indenture Trustee and in its separate capacity as a Securities Intermediary. PRELIMINARY STATEMENT Section 9.01 of the Indenture provides, among other things, that the Issuer and the Indenture Trustee may at any time enter into an indenture supplemental to the Indenture for the purposes of authorizing the issuance by the Issuer of the Energy Transition Bonds and specifying the terms thereof. The Issuer has duly authorized the creation of the Energy Transition Bonds with an initial aggregate principal amount of $305,000,000 to be known as Series 2025-A Senior Secured …

EX-99.2 10 ny20039729x11_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 March 12, 2025 To the Parties Listed on Schedule 1 Attached Hereto Re: Cleco Securitization II LLC: Re: Re: Re: Re: Re: Re: Constitutional Issues Ladies and Gentlemen: We have acted as counsel to Cleco Securitization II LLC (the “Issuer”), a Louisiana limited liability company, and Cleco Power LLC (the “Utility”), a Louisiana limited liability company, in connection with the following (collectively the “Transaction”): (i) the issuance of Order No. U-37213 (the “Financing Order”) approved by the Louisiana Public Service Commission (the “LPSC”) on November 20, 2024, and issued on November 27, 2024, pursuant to the Louisiana Electric Utility Energy Transition Securitization Act, La. R.S. 45:1271-1281 (the “Securitization Act”) and other constitutional and statutory authority; (ii) the sale of the rights and interests of the Utility in and to certain energy transition property as defined in and created under the Securitization Act and the Financing Order to the Issuer pursuant to that certain Energy Transition Property Sale Agreement, dated as of March 12, 2025, between the Utility an…