Disclosures about Segments

3 Months Ended

Mar. 31, 2012

Segment Reporting [Abstract]

Disclosures about Segments

Note 8 — Disclosures about Segments

Cleco’s reportable segments are based on its method of internal reporting, which disaggregates business units by first-tier subsidiary. Cleco’s reportable segments are Cleco Power and Midstream. The reconciling items in the following tables consist of the holding company, a shared services subsidiary, two transmission interconnection facilities, and an investment subsidiary.

Each reportable segment engages in business activities from which it earns revenue and incurs expenses. Segment managers report periodically to Cleco’s Chief Executive Officer (the chief operating decision-maker) with discrete financial information and, at least quarterly, present discrete financial information to Cleco Corporation’s Board of Directors. Each reportable segment prepared budgets for 2012 that were presented to and approved by Cleco Corporation’s Board of Directors.

The financial results of Cleco’s segments are presented on an accrual basis. Management evaluates the performance of its segments and allocates resources to them based on segment profit and the requirements to implement new strategic initiatives and projects to meet current business objectives. Material intercompany transactions occur on a regular basis. These intercompany transactions relate primarily to joint and common administrative support services provided by Support Group.

SEGMENT INFORMATION FOR THE THREE MONTHS ENDED MARCH 31,
2012 (THOUSANDS)	CLECO POWER		MIDSTREAM			RECONCILING ITEMS			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	209,590	$	—		$	—		$	—		$	209,590
Tolling operations	—		1,234			—			(1,234		)	—
Other operations	10,448		1			497			—			10,946
Electric customer credits	2,237		—			—			—			2,237
Affiliate revenue	345		—			11,607			(11,952		)	—
Operating revenue, net	$	222,620	$	1,235		$	12,104		$	(13,186	)	$	222,773
Depreciation	$	29,410	$	1,532		$	224		$	1		$	31,167
Interest charges	$	18,486	$	1,471		$	619		$	48		$	20,624
Interest income	$	30	$	—		$	(44	)	$	48		$	34
Equity income from investees, before tax	$	—	$	—		$	1		$	—		$	1
Federal and state income tax expense (benefit)	$	14,507	$	739		$	(1,835	)	$	(1	)	$	13,410
Segment profit	$	26,805	$	1,090		$	2,136		$	—		$	30,031
Additions to long-lived assets	$	50,388	$	(3,802	)	$	387		$	—		$	46,973
Equity investment in investees	$	14,532	$	—		$	9		$	—		$	14,541
Total segment assets	$	3,687,315	$	229,096		$	212,387		$	(144,101	)	$	3,984,697

2011 (THOUSANDS)	CLECO POWER			MIDSTREAM			RECONCILING ITEMS			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	238,468		$	—		$	—		$	—		$	238,468
Tolling operations	—			2,781			—			—			2,781
Other operations	12,243			1			485			(1		)	12,728
Electric customer credits	(434		)	—			—			—			(434		)
Affiliate revenue	346			33			11,021			(11,253		)	$	147
Operating revenue, net	$	250,623		$	2,815		$	11,506		$	(11,254	)	$	253,690
Depreciation	$	27,401		$	1,456		$	241		$	—		$	29,098
Interest charges	$	24,402		$	583		$	1,567		$	62		$	26,614
Interest income	$	113		$	1		$	(60	)	$	61		$	115
Equity income (loss) from investees, before tax	$	—		$	612		$	(1	)	$	—		$	611
Federal and state income tax expense (benefit)	$	14,400		$	(683	)	$	(1,522	)	$	—		$	12,195
Segment profit (loss) (1)	$	30,030		$	(1,097	)	$	83		$	—		$	29,016
Additions to long-lived assets	$	40,729		$	1,006		$	60		$	—		$	41,795
Equity investment in investees (2)	$	14,532		$	—		$	8		$	—		$	14,540
Total segment assets (2)	$	3,726,471		$	233,666		$	201,074		$	(111,009	)	$	4,050,202
(1) Reconciliation of segment profit to consolidated profit:	Segment profit									$	29,016
(2) Balances as of December 31, 2011	Unallocated items:
	Preferred dividends requirements									12
	Net income applicable to common stock									$	29,004