XML 101 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 93,576 $ 191,128
Restricted cash 8,761 14,959
Customer accounts receivable (less allowance for doubtful accounts of $1,128 in 2011 and $1,046 in 2010) 37,813 38,820
Accounts receivable - affiliate 0 831
Other accounts receivable, less allowance for doubtful accounts 42,051 52,546
Taxes receivable 44,584 50,104
Unbilled revenue 30,129 44,649
Fuel inventory, at average cost 41,845 82,737
Material and supplies inventory, at average cost 53,714 48,265
Accumulated deferred federal and state income taxes, net 29,249 4,106
Accumulated deferred fuel 2,136 10,348
Cash surrender value of company-/trust-owned life insurance policies 51,073 49,789
Prepayments 5,384 6,399
Regulatory assets- other 13,028 13,508
Other current assets 3,442 661
Total current assets 456,785 608,850
Property, plant and equipment    
Property, plant, and equipment 4,023,655 3,810,896
Accumulated depreciation (1,230,783) (1,162,456)
Net property, plant, and equipment 2,792,872 2,648,440
Construction work in progress 101,027 135,785
Total property, plant and equipment, net 2,893,899 2,784,225
Equity investment in investees 14,540 86,732
Prepayments 4,770 5,274
Restricted cash, less current portion 27,067 26,089
Regulatory assets and liabilities - deferred taxes, net 214,421 203,696
Regulatory assets - other 269,444 266,431
Net investment in direct financing lease 13,633 13,817
Intangible asset 133,595 145,374
Other deferred charges 22,048 20,922
Total assets 4,050,202 4,161,410
Current liabilities    
Short-term debt 0 150,000
Long-term debt due within one year 24,258 12,269
Accounts payable 125,721 123,042
Retainage 3,587 2,726
Accounts payable - affiliate 0 155
Customer deposits 43,091 38,934
Provision for rate refund 7,323 9,598
Interest accrued 22,642 34,462
Energy risk management liability 5,336 9,027
Interest rate risk management liability 3,330 0
Regulatory liabilities - other 33,019 43,562
Deferred compensation 8,302 7,751
Uncertain tax positions 27,239 31,853
Other current liabilities 17,154 14,302
Total current liabilities 321,002 477,681
Deferred credits    
Accumulated deferred federal and state income taxes, net 649,926 553,211
Accumulated deferred investment tax credits 7,432 8,669
Postretirement benefit obligations 133,274 166,387
Regulatory liabilities - other 7,303 44,313
Restricted storm reserve 24,880 25,993
Uncertain tax positions 23,494 60,395
Tax credit fund investment, net 61,507 44,514
Contingent sale obligations 29,357 4,714
Other deferred credits 35,114 57,617
Total deferred credits 972,287 965,813
Long-term debt, net 1,337,056 1,399,709
Total liabilities 2,630,345 2,843,203
Commitments and Contingencies (Note 14)      
Preferred stock    
Not subject to mandatory redemption, $100 par value, authorized 1,491,900 shares, issued zero and 10,288 shares at December 31, 2011, and 2010, respectively 0 1,029
Common shareholders' equity    
Common stock, $1 par value, authorized 100,000,000 shares, issued 60,702,342 and 60,539,624 shares and outstanding 60,291,939 and 60,526,126 shares at December 31, 2011, and 2010, respectively 60,702 60,540
Premium on common stock 409,904 405,313
Retained earnings 990,605 863,237
Treasury stock, at cost, 410,403 and 13,498 shares at December 31, 2011, and 2010, respectively (13,215) (274)
Accumulated other comprehensive loss (28,139) (11,638)
Total common shareholders' equity 1,419,857 1,317,178
Total shareholders' equity 1,419,857 1,318,207
Total liabilities and shareholders' equity 4,050,202 4,161,410
Cleco Power [Member]
   
Current assets    
Cash and cash equivalents 67,458 184,912
Restricted cash 8,761 14,959
Customer accounts receivable (less allowance for doubtful accounts of $1,128 in 2011 and $1,046 in 2010) 37,813 38,820
Accounts receivable - affiliate 2,405 2,738
Other accounts receivable, less allowance for doubtful accounts 35,618 47,992
Taxes receivable 3,197 4,123
Unbilled revenue 30,129 44,649
Fuel inventory, at average cost 41,845 82,737
Material and supplies inventory, at average cost 51,132 45,913
Accumulated deferred federal and state income taxes, net 19,829 2,811
Accumulated deferred fuel 2,136 10,348
Cash surrender value of company-/trust-owned life insurance policies 20,433 20,051
Prepayments 4,155 4,944
Regulatory assets- other 13,028 13,508
Other current assets 375 412
Total current assets 338,314 518,917
Property, plant and equipment    
Property, plant, and equipment 3,759,541 3,552,779
Accumulated depreciation (1,153,004) (1,085,945)
Net property, plant, and equipment 2,606,537 2,466,834
Construction work in progress 97,595 130,396
Total property, plant and equipment, net 2,704,132 2,597,230
Equity investment in investees 14,532 13,073
Prepayments 4,770 5,274
Restricted cash, less current portion 26,970 25,992
Regulatory assets and liabilities - deferred taxes, net 214,421 203,696
Regulatory assets - other 269,444 266,431
Intangible asset 133,595 145,374
Other deferred charges 20,293 19,218
Total assets 3,726,471 3,795,205
Current liabilities    
Short-term debt 0 0
Long-term debt due within one year 24,258 12,269
Accounts payable 111,504 112,487
Retainage 3,587 2,726
Accounts payable - affiliate 9,311 7,945
Customer deposits 43,091 38,934
Provision for rate refund 7,323 9,598
Interest accrued 22,540 13,450
Energy risk management liability 5,336 9,027
Interest rate risk management liability 3,330 0
Regulatory liabilities - other 33,019 43,562
Uncertain tax positions 27,465 0
Other current liabilities 11,193 9,862
Total current liabilities 301,957 259,860
Deferred credits    
Accumulated deferred federal and state income taxes, net 675,835 601,574
Accumulated deferred investment tax credits 7,432 8,669
Postretirement benefit obligations 94,147 130,757
Regulatory liabilities - other 7,303 44,313
Restricted storm reserve 24,880 25,993
Uncertain tax positions 19,906 54,835
Other deferred credits 37,093 50,572
Total deferred credits 866,596 916,713
Member's equity 1,230,862 1,233,923
Long-term debt, net 1,327,056 1,384,709
Total capitalization 2,557,918 2,618,632
Commitments and Contingencies (Note 14)      
Common shareholders' equity    
Accumulated other comprehensive loss (20,630) (4,734)
Total liabilities and shareholders' equity $ 3,726,471 $ 3,795,205