<PAGE>
PRICING SUPPLEMENT NO. 6 Filed Pursuant to Rule 424(b)(3)
(To Prospectus dated April 20, 1993 Registration No. 33-61068
and Prospectus Supplement
dated April 28, 1993)
$125,000,000
Central Louisiana Electric Company, Inc.
Medium-Term Notes
Due From 9 Months to 30 Years From Date of Issue
<TABLE>
<S> <C> <S> <C>
Principal Amount . . . . . $15,000,000 Initial Redemption Date. . . . . .Not Applicable
Original Issue Date. . . . June 13, 1995 Initial Redemption Percentage. . .Not Applicable
Annual Redemption Percentage
Maturity Date. . . . . . . June 13, 2001 Reduction. . . . . . . . . . . . .Not Applicable
Price (As of % of
Principal Amount). . . . . 100% Limitation Date. . . . . . . . . .Not Applicable
Interest Rate. . . . . . . .6.42% Refunding Rate . . . . . . . . . .Not Applicable
Agents' Commission (As a Form . . . . . . . . . . . . . . X Book-Entry Note
% of Principal Amount). . 0.55% _ Certified Note
</TABLE>
Including the Medium-Term Notes issued pursuant to this Pricing Supplement,
Central Louisiana Electric Company, Inc. (the "Company") has issued to date
(I) $90,000,000 aggregate principal amount of Medium-Term Notes under the
Prospectus and Prospectus Supplement to which this Pricing Supplement relates
(the "Notes") at interest rates then in effect and (ii) $-0- aggregate
principal amount of the Company's First Mortgage Bonds under the Prospectus
to which this Pricing Supplement relates.
If an Initial Redemption Date has been specified above, the Notes will be
redeemable as a whole or in part, in increments of $1,000 (provided that any
remaining principal amount of any such Note shall be at least $100,000), on
the Initial Redemption Date or on any date subsequent thereto, at the option
of the Company upon not more than 60 nor less than 30 days prior notice, at
the applicable redemption price set forth below, with accrued interest to the
date of redemption; provided, however, that if a Limitation Date has been
specified above, no Notes shall be redeemed prior to the Limitation Date
specified above as a part of, or in anticipation of, any refunding operation
by the application, directly or indirectly, of monies borrowed having an
interest cost to the Company (calculated in accordance with generally
accepted financial practice) of less than the Refunding Rate specified above.
The redemption price shall initially be the Initial Redemption Percentage
specified above of the principal amount of the Notes to be redeemed and
shall decline at each anniversary of the Initial Redemption Date by the Annual
Redemption Percentage Reduction specified above of the principal amount to
be redeemed until the redemption price is 100% of such principal amount.
Salomon Brothers Inc and CS First Boston (each an "Agent") purchased $15,000,000
aggregate principal amount of the Notes offered hereby at a price of 99.45%
of the principal amount thereof, for resale to investors at varying prices
related to prevailing market prices at the time of resale, as determined by the
Agents. The Agents have advised the Company that they may sell all or a part
of the Notes to one or more dealers at varying prices related to prevailing
market prices at the time of such sale, as determined by the Agent, less a
concession to be agreed upon between the Agent and any such dealer.
Salomon Brothers Inc
CS First Boston
Smith Barney Inc.
The date of this Pricing Supplement is June 6, 1995 Page 1 of 2
<PAGE>
The following selected financial information supplements the financial
information appearing in and incorporated by reference into the Pricing
Supplement relates.
<TABLE>
SELECTED FINANCIAL INFORMATION
<CAPTION> (In thousands, except ratios, percentages and per share data)
Year ended December 31,
1993 1994
<S> <C> <C>
Statement of Income Data:
Operating revenues . . . . . . . . . . . $382,433 $379,603
Operating income . . . . . . . . . . . . $ 64,745 $ 70,430
Income before interest charges . . . . . $ 67,571 $ 71,417
Net income . . . . . . . . . . . . . . . $ 41,812 $ 45,043
Primary net income per common share. . .$ 1.78 $ 1.92
</TABLE>
<TABLE>
<CAPTION> Year Ended December 31,
1990 1991 1992 1993 1994
<C> <C> <C> <C> <C>
Ratio of Earnings to Fixed Charges 2.84 2.99 3.16 3.30 3.35
</TABLE>
<TABLE>
December 31, 1994
<C> <C>
Capital Structure:
First mortgage bonds . . . . . . . . . . . . $124,000 17.0%
Medium-term notes. . . . . . . . . . . . . . . 165,000 22.7
Other long-term debt(1)(2) . . . . . . . . . . 62,741 8.6
Cumulative preferred stock(3). . . . . . . . . 13,264 1.8
Common shareholders' equity. . . . . . . . . . 363,027 49.9
Total capitalization. . . . . . . . . . .$728,032 100.0%
Short-term debt. . . . . . . . . . . . . . . . .$ 28,977
</TABLE>
______________________
(1) Excludes current maturities of other long-term debt aggregating
approximately $14.7 million.
(2) Includes approximately $61.3 million aggregate principal amount of
continuously remarketed variable rate pollution control revenue bonds
due 2018.
(3) Includes approximately $29.7 million of convertible preferred stock issued
in April 1991 in connection with the establishment of an employee stock
ownership plan, reduced by approximately $24.4 million of unearned
compensation expense related to such employee stock ownership plan.
PLAN OF DISTRIBUTION
As used herein and in the Prospectus Supplement to which this Pricing
Supplement relates, the term "Agents" shall mean Salomon Brothers Inc, CS
First Boston Corporation and Smith Barney Inc.
Page 2 of 2
