Miscellaneous Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information Disclosure [Abstract]

Miscellaneous Financial Information (Unaudited)

Miscellaneous Financial Information (Unaudited)

Cleco

Quarterly information for Cleco for 2011 and 2010 is shown in the following tables.

							2011
(THOUSANDS, EXCEPT PER SHARE AMOUNTS)	1ST QUARTER		2ND QUARTER		3RD QUARTER		4TH QUARTER
Operating revenue, net	$	253,690	$	272,923	$	351,581	$	239,119
Operating income	$	65,234	$	70,295	$	116,180	$	49,326
Net income applicable to common stock	$	29,004	$	70,221	$	65,842	$	30,643
Basic net income per average share	$	0.48	$	1.16	$	1.09	$	0.51
Diluted net income per average common share	$	0.48	$	1.15	$	1.08	$	0.51
Dividends paid per common share	$	0.25	$	0.28	$	0.28	$	0.3125
Market sales price per share
High	$	34.51	$	35.66	$	36.14	$	38.31
Low	$	30.56	$	33.68	$	30.06	$	32.36

							2010
(THOUSANDS, EXCEPT PER SHARE AMOUNTS)	1ST QUARTER		2ND QUARTER		3RD QUARTER		4TH QUARTER
Operating revenue, net	$	272,287	$	275,903	$	343,892	$	256,584
Operating income	$	55,901	$	80,094	$	99,987	$	59,359
Net income applicable to common stock	$	149,958	$	35,174	$	49,600	$	20,613
Basic net income per average share	$	2.49	$	0.58	$	0.82	$	0.34
Diluted net income per average common share	$	2.48	$	0.58	$	0.82	$	0.34
Dividends paid per common share	$	0.225	$	0.250	$	0.250	$	0.250
Market sales price per share
High	$	27.67	$	28.28	$	30.00	$	31.76
Low	$	24.32	$	24.91	$	25.95	$	29.59

Cleco Corporation’s common stock is listed for trading on the New York Stock Exchange under the ticker symbol “CNL.” Cleco Corporation’s preferred stock is not listed on any stock exchange. On December 31, 2011, Cleco had 6,144 common shareholders and no preferred shareholders, as determined from the records of the transfer agent.

On January 27, 2012, Cleco Corporation’s Board of Directors declared a quarterly dividend of $0.3125 per share payable on February 15, 2012, to common shareholders of record at the close of business on February 6, 2012.

In April 2011, the Board of Directors of Cleco Corporation declared a dividend of $0.28 per share of common stock payable on May 16, 2011. In October 2011, the Board of Directors raised the quarterly dividend from $0.28 per share of common stock to $0.3125 per share of common stock, payable on November 15, 2011. The declaration of dividend payments is at the Board of Directors’ sole discretion and future dividends are subject to numerous factors that ordinarily affect dividend policy, including the result of Cleco’s operations and its financial position, as well as general economic and business conditions.

In January 2011, Cleco Corporation’s Board of Directors authorized and approved the redemption of all outstanding shares of the 4.5% cumulative preferred stock not subject to mandatory redemption, provided that no shares of such preferred stock were redeemed prior to the repayment in full and termination of the $150.0 million bank term loan that matured on August 19, 2011. During 2011, the $150.0 million bank term loan was repaid and on June 24, 2011, Cleco Corporation redeemed all 10,288 outstanding shares of its 4.5% preferred stock. The redemption price was $101 per share, plus accrued and unpaid dividends to the redemption date, or $101.296 per share. 

Cleco Power

Quarterly information for Cleco Power for 2011 and 2010 is shown in the following tables.

							2011
(THOUSANDS)	1ST QUARTER		2ND QUARTER		3RD QUARTER		4TH QUARTER
Operating revenue, net	$	250,623	$	268,464	$	342,296	$	236,099
Operating income	$	67,819	$	75,548	$	110,175	$	53,638
Net income	$	30,030	$	35,694	$	53,833	$	23,278
Distribution to Cleco Corporation (as sole member)	$	30,000	$	25,000	$	25,000	$	50,000

							2010
(THOUSANDS)	1ST QUARTER		2ND QUARTER		3RD QUARTER		4TH QUARTER
Operating revenue, net	$	263,527	$	271,200	$	332,477	$	253,251
Operating income	$	53,869	$	81,308	$	94,989	$	62,484
Net income	$	32,160	$	39,089	$	52,335	$	23,821
Distribution to Cleco Corporation (as sole member)	$	25,000	$	50,000	$	50,000	$	25,000