CLECO POWER LLC
EXHIBIT 10(B)
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<DESCRIPTION>EXHIBIT 10(B)
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<title>Cleco Power Exhibit 10(b)</title>



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<p class=MsoNormal align=right style='text-align:right; margin-top:0'><b>EXHIBIT 10(b)</b></p>
<p class=MsoNormal align=right style='text-align:right'><b>&nbsp;</b></p>
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    <p class=MsoNormal align=center style='text-align:center;page-break-after:
  avoid'><b><font size="4">CLECO CORPORATION </font></b></p></td>
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    <p class=MsoNormal align=center style='text-align:center'><b><font size="4">2000 LONG-TERM
  INCENTIVE COMPENSATION PLAN </font></b></p></td>
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    <p class=MsoNormal align=center style='text-align:center'><b><font size="4">&nbsp;</font></b></p>
    <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p></td>
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    <h1 style='text-indent:0in; margin-top:0; margin-bottom:0' align="center">
    <font size="5">Amendment No. 2</font></h1></td>
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    <p class=MsoNormal align=center style='text-align:center'><b>(Elimination of
  Grant to Eligible Directors)<br>
&nbsp;</b></p>
    <p class=MsoNormal align=center style='text-align:center'><b>&nbsp;</b></p>
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    <p class=MsoNormal style='text-align:justify;text-indent:.5in'><b>Whereas,
    </b>Cleco
  Corporation, a corporation organized and existing under the laws of the State
  of Louisiana (the &quot;Company&quot;), adopted the 2000 Long-Term Incentive
  Compensation Plan (the &quot;LTIP&quot;), which plan was approved by the shareholders
  of the Company on April 28, 2000; <br>
&nbsp;</p></td>
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    </td>
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    <p class=MsoNormal style='text-align:justify;text-indent:.5in'><b>Whereas,</b>
  the Company now desires to amend the LTIP to eliminate the award of an
  immediately exercisable Nonqualifed Stock Option to nonemployee members of
  the Board of Directors of the Company upon election and, thereafter, upon
  reelection to the Board;<br>
&nbsp;</p></td>
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    </td>
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    <p class=MsoNormal style='text-align:justify;text-indent:.5in'><b>Whereas,
    </b>Section
  12.1 of the LTIP permits the Board of Directors of the Company to amend the
  LTIP, subject to any limitations imposed by applicable law; <br>
&nbsp;</p></td>
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    <p class=MsoNormal style='text-align:justify;text-indent:.5in'><b>Now,
  Therefore, </b>effective as of July 23, 2004, Section 11.3 of the LTIP shall
  be amended and restated in its entirety as follows:<br>
&nbsp;</p></td>
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    <p class=MsoNormal style='text-align:justify;text-indent:.5in'>&quot;11.3&nbsp;&nbsp;&nbsp;
    <b>Grant
  to Eligible Directors.</b>&nbsp; This section intentionally left blank.&quot;<br>
&nbsp;</p></td>
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    <p class=MsoNormal style='text-align:justify;text-indent:.5in'><b>This
  Amendment No. 2 </b>was approved by the Board of Directors of the Company on
  July 23, 2004, to be effective as of the dates set forth above.<br>
    <br>
    <br>
&nbsp;</p></td>
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    <p class=MsoNormal style='margin-left:3.0in;text-align:justify'><b>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size="4">&nbsp;&nbsp;CLECO
  CORPORATION </font></b></p></td>
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    <p class=MsoNormal style='margin-left:3.0in;text-align:justify'><b>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By:&nbsp; <u>&nbsp;&nbsp;&nbsp;/s/
  Catherine C.
  Powell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></b></p>
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    <p class=MsoNormal style='margin-left:3.0in;text-align:justify'><b>&nbsp;</b></p>
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    <p class=MsoNormal style='margin-left:3.0in;text-align:justify'><b>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Its:&nbsp; <u>&nbsp;&nbsp;&nbsp;Sr.
  Vice President - Corporate Services<br>
&nbsp;</u></b></p></td>
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