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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating revenue        
Electric operations $ 228,293 $ 260,485 $ 437,883 $ 498,953
Tolling operations 0 4,222 0 7,003
Other operations 12,111 12,983 23,056 25,711
Affiliate revenue 0 55 0 202
Gross operating revenue 240,404 277,745 460,939 531,869
Electric customer credits (281) (4,822) 1,955 (5,256)
Operating revenue, net 240,123 272,923 462,894 526,613
Operating expenses        
Fuel used for electric generation 54,999 78,268 128,063 175,236
Power purchased for utility customers 16,068 26,068 24,705 35,116
Other operations 28,688 31,080 56,385 58,146
Maintenance 24,184 28,269 41,419 45,078
Depreciation 32,250 30,699 64,097 60,512
Taxes other than income taxes 9,713 9,464 19,743 18,924
(Gain) loss on sales of assets (22) (506) (55) (496)
Total operating expenses 165,880 203,342 334,357 392,516
Operating income 74,243 69,581 128,537 134,097
Interest income (3) 170 31 285
Allowance for other funds used during construction 1,399 876 2,416 2,854
Equity income (loss) from investees, before tax 0 61,440 1 62,052
Other income 13,014 1,050 22,389 2,254
Other expense (831) (630) (1,486) (1,233)
Interest charges        
Interest charges, including amortization of debt expenses, premium and discount, net 21,094 25,935 42,062 53,263
Allowance for borrowed funds used during construction (478) (316) (822) (1,031)
Total interest charges 20,616 25,619 41,240 52,232
Income before income taxes 67,206 106,868 110,648 148,077
Federal and state income tax expense 20,520 36,520 33,930 48,714
Net income 46,686 70,348 76,718 99,363
Preferred dividends requirements 0 15 0 26
Preferred stock redemption costs 0 112 0 112
Net income applicable to common stock 46,686 70,221 76,718 99,225
Average shares of common stock outstanding        
Average number of basic common shares outstanding (in shares) 60,421,028 60,655,538 60,387,388 60,613,371
Average number of diluted common shares outstanding (in shares) 60,660,702 61,023,439 60,625,377 60,797,545
Basic earnings per share        
Net income applicable to common stock (in dollars per share) $ 0.77 $ 1.16 $ 1.27 $ 1.64
Diluted earnings per share        
Net income applicable to common stock (in dollars per share) $ 0.77 $ 1.15 $ 1.27 $ 1.63
Cash dividends paid per share of common stock (in dollars per share) $ 0.3125 $ 0.28 $ 0.625 $ 0.53
Cleco Power [Member]
       
Operating revenue        
Electric operations 228,293 260,485 437,883 498,953
Tolling operations 0 0 0 0
Other operations 11,613 12,453 22,062 24,696
Affiliate revenue 342 348 687 694
Gross operating revenue 240,248 273,286 460,632 524,343
Electric customer credits (281) (4,822) 1,955 (5,256)
Operating revenue, net 239,967 268,464 462,587 519,087
Operating expenses        
Fuel used for electric generation 54,695 78,268 127,759 175,236
Power purchased for utility customers 22,367 26,068 32,239 35,116
Other operations 27,243 29,321 53,585 54,711
Maintenance 19,630 22,581 35,644 38,194
Depreciation 30,559 28,996 60,648 57,111
Taxes other than income taxes 8,682 8,396 17,614 16,783
(Gain) loss on sales of assets (1) 0 (1) (1)
Total operating expenses 163,175 193,630 327,488 377,150
Operating income 76,792 74,834 135,099 141,937
Interest income (6) 168 23 281
Allowance for other funds used during construction 1,399 876 2,416 2,854
Equity income (loss) from investees, before tax   0 0 0
Other income 1,228 644 2,323 844
Other expense (823) (627) (1,473) (1,190)
Interest charges        
Interest charges, including amortization of debt expenses, premium and discount, net 21,283 24,638 40,113 49,754
Allowance for borrowed funds used during construction (478) (316) (822) (1,031)
Total interest charges 20,805 24,322 39,291 48,723
Income before income taxes 57,785 51,573 99,097 96,003
Federal and state income tax expense 20,501 15,879 35,008 30,279
Net income $ 37,284 $ 35,694 $ 64,089 $ 65,724