Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2012

Variable Interest Entities [Abstract]

Equity Income Loss from Investments Accounted for Using the Equity Method

The following table presents the equity income (loss) from each investment accounted for using the equity method.  

	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2012		2011		2012		2011
Cajun	$	—	$	61,440	$	—	$	62,053
Subsidiaries less than 100% owned by Cleco Innovations	—		—		1		(1		)
Total equity income	$	—	$	61,440	$	1	$	62,052

Equity Method Investments - Summarized Financial Information

The following table contains summarized financial information for Cajun prior to the disposition of Acadia Unit 2.

(THOUSANDS)	FOR THE THREE MONTHS ENDED JUNE 30, 2011*			FOR THE SIX MONTHS ENDED JUNE 30, 2011*
Operating revenue		$	50		$	5,227
Operating expenses		1,133			5,914
Gain on sale of assets		71,465			71,422
Other income		57			929
Income before taxes		$	70,439		$	71,664
*The 2011 income statements include only activity through the April 29, 2011, reconsolidation.

The following tables contain summarized financial information for Oxbow.

(THOUSANDS)	AT JUNE 30, 2012		AT DECEMBER 31, 2011
Current assets	$	1,624	$	1,711
Property, plant, and equipment, net	23,214		23,339
Other assets	4,251		4,128
Total assets	$	29,089	$	29,178
Current liabilities	$	24	$	40
Other liabilities	—		73
Partners’ capital	29,065		29,065
Total liabilities and partners’ capital	$	29,089	$	29,178

	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2012		2011		2012		2011
Operating revenue	$	294	$	293	$	676	$	498
Operating expenses	294		293		676		498
Income before taxes	$	—	$	—	$	—	$	—

Components of Equity Investments

The following table presents the components of Cleco Power’s equity investment in Oxbow.

INCEPTION TO DATE (THOUSANDS)	AT JUNE 30, 2012		AT DECEMBER 31, 2011
Purchase price	$	12,873	$	12,873
Cash contributions	1,659		1,659
Total equity investment in investee	$	14,532	$	14,532

Comparison of Investee's Assets and Liabilities with Maximum Exposure to Loss

The following table compares the carrying amount of Oxbow’s assets and liabilities with Cleco’s maximum exposure to loss related to its investment in Oxbow.

(THOUSANDS)	AT JUNE 30, 2012		AT DECEMBER 31, 2011
Oxbow’s net assets/liabilities	$	29,065	$	29,065
Cleco Power’s 50% equity	$	14,532	$	14,532
Cleco’s maximum exposure to loss	$	14,532	$	14,532