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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating revenue        
Electric operations $ 260,485 $ 261,101 $ 498,953 $ 513,899
Tolling operations 4,222 4,399 7,003 11,863
Other operations 12,983 10,245 25,711 21,119
Affiliate revenue 55 158 202 1,307
Gross operating revenue 277,745 275,903 531,869 548,188
Electric customer credits (4,822) 0 (5,256) 0
Operating revenue, net 272,923 275,903 526,613 548,188
Operating expenses        
Fuel used for electric generation 78,268 81,558 175,236 176,140
Power purchased for utility customers 25,477 24,508 33,926 72,727
Other operations 31,671 29,845 59,336 56,499
Maintenance 28,269 21,633 45,078 35,470
Depreciation 29,985 29,798 59,084 54,051
Taxes other than income taxes 9,464 8,565 18,924 17,367
(Gain) loss on sales of assets (506) (98) (496) (57)
Total operating expenses 202,628 195,809 391,088 412,197
Operating income 70,295 80,094 135,525 135,991
Interest income 170 80 285 242
Allowance for other funds used during construction 876 359 2,854 10,165
Equity income (loss) from investees, before tax 61,440 (1,129) 62,052 36,718
Gain on toll settlement     0 148,402
Other income 1,050 266 2,254 807
Other expense (1,344) (2,577) (2,661) (2,962)
Interest charges        
Interest charges, including amortization of debt expenses, premium, and discount, net of capitalized interest 25,935 24,663 53,263 50,670
Allowance for borrowed funds used during construction (316) (145) (1,031) (3,718)
Total interest charges 25,619 24,518 52,232 46,952
Income before income taxes 106,868 52,575 148,077 282,411
Federal and state income tax expense 36,520 17,389 48,714 97,256
Net income 70,348 35,186 99,363 185,155
Preferred dividends requirements, net of tax 15 12 26 23
Preferred stock redemption costs, net of tax 112 0 112 0
Net income applicable to common stock 70,221 35,174 99,225 185,132
Average number of basic common shares outstanding (in shares) 60,655,538 60,431,930 60,613,371 60,374,233
Average number of diluted common shares outstanding (in shares) 61,023,439 60,705,269 60,797,545 60,519,066
Basic earnings per share        
Net income applicable to common stock (in dollars per share) $ 1.16 $ 0.58 $ 1.64 $ 3.07
Diluted earnings per share        
Net income applicable to common stock (in dollars per share) $ 1.15 $ 0.58 $ 1.63 $ 3.06
Cash dividends paid per share of common stock (in dollars per share) $ 0.28 $ 0.25 $ 0.53 $ 0.475
CLECO POWER [Member]
       
Operating revenue        
Electric operations 260,485 261,101 498,953 513,899
Other operations 12,453 9,755 24,696 20,140
Affiliate revenue 348 344 694 686
Gross operating revenue 273,286 271,200 524,343 534,725
Electric customer credits (4,822) 0 (5,256) 0
Operating revenue, net 268,464 271,200 519,087 534,725
Operating expenses        
Fuel used for electric generation 78,268 81,558 175,236 176,140
Power purchased for utility customers 25,477 24,508 33,926 72,727
Other operations 29,912 28,051 55,901 52,460
Maintenance 22,581 19,704 38,194 31,426
Depreciation 28,282 28,162 55,683 50,808
Taxes other than income taxes 8,396 7,909 16,783 15,949
(Gain) loss on sales of assets     (1) 39
Total operating expenses 192,916 189,892 375,722 399,549
Operating income 75,548 81,308 143,365 135,176
Interest income 168 76 281 234
Allowance for other funds used during construction 876 359 2,854 10,165
Other income 644 274 844 745
Other expense (1,341) (1,374) (2,618) (2,280)
Interest charges        
Interest charges, including amortization of debt expenses, premium, and discount, net of capitalized interest 24,638 22,463 49,754 44,778
Allowance for borrowed funds used during construction (316) (145) (1,031) (3,718)
Total interest charges 24,322 22,318 48,723 41,060
Income before income taxes 51,573 58,325 96,003 102,980
Federal and state income tax expense 15,879 19,236 30,279 31,731
Net income $ 35,694 $ 39,089 $ 65,724 $ 71,249