XML 44 R23.htm IDEA: XBRL DOCUMENT v2.3.0.15
Subsequent Event
9 Months Ended
Sep. 30, 2011
Subsequent Event [Abstract] 
Subsequent Event
Note 16 — Subsequent Event

On October 13, 2011, Cleco settled the 2001 through 2003 audit cycle with the IRS.  As a result of the settlement, Cleco made a miscellaneous other federal income tax payment in accordance with Revenue Procedure 2001-18 in the amount of $13.0 million, and no interest was assessed.  Cleco will reverse $30.9 million of previously accrued federal and state interest expense and the corresponding deferred tax benefit of $11.9 million.  Cleco expects its effective tax rate to increase approximately 4.55% for the year.