This week, Cleco made a donation to South Louisiana Community College (SLCC) to establish an endowed scholarship for the college’s Power Lineman and Electrical programs.
The Cleco endowed scholarship of $20,000 will be used to recruit, retain and train students enrolled in these training programs. In 2018, Cleco contributed $50,000 to SLCC to help establish the Power Lineman program which recently celebrated the graduation of its fourth class.
“This additional funding is part of our commitment to not only invest in the communities we serve but to help sustain workforce training programs for future generations,” said Bill Fontenot, president and CEO of Cleco Corporate Holdings. “Endowed scholarships differ from traditional scholarships because the money donated is never actually spent. Rather, the money is invested, and the investment income is used to fund scholarships which is a more sustainable form of support.”
“The generosity of partners like Cleco help us train the workforce and meet workforce needs across Acadiana and Louisiana,” said Dr. Jermaine Ford, SLCC’s vice president of Economic and Workforce Development. “Our Power Lineman program puts technicians right to work after graduation, and we are grateful for our partners like Cleco who make this possible.”
“The Louisiana Board of Regents provides a competitive 100 percent match on private scholarship donations, so the total endowed scholarship will be $40,000 which means SLCC will be able to award scholarships for years to come thanks to this donation from Cleco,” said Lana Fontenot, SLCC’s vice chancellor of Institutional Advancement.
When awarding scholarships, priority will be given to females and minorities due to their low enrollment in energy education programs.
For more information about Cleco in the community, visit cleco.com and follow the company on Facebook at @ClecoPower.
Cleco Corporate Holdings LLC is a regional energy holding company that conducts its business operations through its subsidiaries, Cleco Power LLC and Cleco Cajun LLC. Cleco Power is a regulated electric public utility company that owns 10 generating units with a rated capacity of 3,360 MWs and serves approximately 290,000 customers in Louisiana through its retail business and supplies wholesale power in Louisiana and Mississippi. Cleco Cajun is an unregulated utility company that owns 14 generating units with a rated capacity of 3,379 MWs, and wholesale contracts serving nine Louisiana cooperatives, three wholesale municipal customers and one electric utility. For more information about Cleco, visit them at www.cleco.com.
