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Pension Plan and Employee Benefits (Tables)
3 Months Ended
Mar. 31, 2012
Defined Benefit Plan Disclosure [Line Items]  
Components of Net Periodic Pension and Other Benefit Costs
The components of net periodic pension and other benefit cost for the three months ended March 31, 2012, and 2011 are as follows:
 
PENSION BENEFITS
 
 
OTHER BENEFITS
 
 
FOR THE THREE MONTHS ENDED MARCH 31,
 
(THOUSANDS)
2012

 
2011

 
2012

 
2011

Components of periodic benefit costs:
 
 
 
 
 
 
 
Service cost
$
2,149

 
$
2,052

 
$
397

 
$
379

Interest cost
4,430

 
4,392

 
476

 
460

Expected return on plan assets
(5,194
)
 
(5,512
)
 

 

Amortizations:
 
 
 
 
 
 
 
Transition obligation

 

 
5

 
5

Prior period service cost
(18
)
 
(18
)
 

 
(52
)
Net loss
1,783

 
1,403

 
200

 
257

Net periodic benefit cost
$
3,150

 
$
2,317

 
$
1,078

 
$
1,049

401(k) Plan Expense
Cleco’s 401(k) Plan expense for the three months ended March 31, 2012, and 2011 is as follows:
 
FOR THE THREE MONTHS ENDED MARCH 31,
 
(THOUSANDS)
2012

 
2011

401(k) Plan expense
$
1,493

 
$
1,201

SERP Benefits [Member]
 
Defined Benefit Plan Disclosure [Line Items]  
Components of Net Periodic Pension and Other Benefit Costs
Cleco Power is considered the plan sponsor, and Support Group is considered the plan administrator.
 
FOR THE THREE MONTHS ENDED MARCH 31,
 
(THOUSANDS)
2012

 
2011

Components of periodic benefit costs:
 
 
 
Service cost
$
1,001

 
$
450

Interest cost
574

 
525

Amortizations:
 
 
 
Prior period service cost
14

 
14

Net loss
309

 
262

Net periodic benefit cost
$
1,898

 
$
1,251