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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Operating revenue        
Electric operations $ 282,894 $ 324,532 $ 720,776 $ 823,484
Tolling operations 0 9,133 0 16,137
Other operations 15,408 16,064 38,464 41,775
Affiliate revenue 0 0 0 202
Gross operating revenue 298,302 349,729 759,240 881,598
Electric customer credits (930) 1,852 1,025 (3,405)
Operating revenue, net 297,372 351,581 760,265 878,193
Operating expenses        
Fuel used for electric generation 79,701 122,774 207,764 298,009
Power purchased for utility customers 19,364 25,473 44,069 60,590
Other operations 30,517 32,138 86,901 90,281
Maintenance 20,059 14,587 61,478 59,666
Depreciation 34,931 31,237 99,028 91,749
Taxes other than income taxes 9,455 9,845 29,198 28,770
(Gain) loss on sales of assets (2) 27 (57) (468)
Total operating expenses 194,025 236,081 528,381 628,597
Operating income 103,347 115,500 231,884 249,596
Interest income 132 509 163 794
Allowance for other funds used during construction 1,882 902 4,298 3,757
Equity income (loss) from investees, before tax 0 (1) 1 62,051
Other income 1,834 2,128 24,223 3,330
Other expense (1,232) (2,680) (2,718) (2,861)
Interest charges        
Interest charges, including amortization of debt expenses, premium and discount, net 22,610 26,105 64,671 79,368
Allowance for borrowed funds used during construction (644) (326) (1,466) (1,357)
Total interest charges 21,966 25,779 63,205 78,011
Income before income taxes 83,997 90,579 194,646 238,656
Federal and state income tax expense 20,179 24,737 54,110 73,451
Net income 63,818 65,842 140,536 165,205
Preferred dividends requirements     0 26
Preferred stock redemption costs     0 112
Net income applicable to common stock 63,818 65,842 140,536 165,067
Average shares of common stock outstanding        
Average number of basic common shares outstanding (in shares) 60,346,476 60,467,595 60,375,538 60,549,860
Average number of diluted common shares outstanding (in shares) 60,599,203 60,873,311 60,626,471 60,830,251
Basic earnings per share        
Net income applicable to common stock (in dollars per share) $ 1.06 $ 1.09 $ 2.33 $ 2.73
Diluted earnings per share        
Net income applicable to common stock (in dollars per share) $ 1.05 $ 1.08 $ 2.32 $ 2.71
Cash dividends paid per share of common stock (in dollars per share) $ 0.3375 $ 0.28 $ 0.9625 $ 0.81
Cleco Power [Member]
       
Operating revenue        
Electric operations 282,894 324,532 720,776 823,484
Tolling operations 0 0 0 0
Other operations 14,905 15,565 36,967 40,261
Affiliate revenue 343 347 1,030 1,041
Gross operating revenue 298,142 340,444 758,773 864,786
Electric customer credits (930) 1,852 1,025 (3,405)
Operating revenue, net 297,212 342,296 759,798 861,381
Operating expenses        
Fuel used for electric generation 79,701 122,774 207,459 298,009
Power purchased for utility customers 33,254 25,473 65,493 60,590
Other operations 29,063 30,451 82,647 85,162
Maintenance 16,095 15,768 51,739 53,962
Depreciation 33,199 29,539 93,847 86,650
Taxes other than income taxes 8,390 8,802 26,004 25,585
(Gain) loss on sales of assets 0 (6) (1) (7)
Total operating expenses 199,702 232,801 527,188 609,951
Operating income 97,510 109,495 232,610 251,430
Interest income 129 276 153 557
Allowance for other funds used during construction 1,882 902 4,298 3,757
Equity income (loss) from investees, before tax   0 0 0
Other income 1,188 1,323 3,511 2,168
Other expense (1,224) (1,201) (2,698) (2,391)
Interest charges        
Interest charges, including amortization of debt expenses, premium and discount, net 22,606 25,632 62,719 75,386
Allowance for borrowed funds used during construction (644) (326) (1,466) (1,357)
Total interest charges 21,962 25,306 61,253 74,029
Income before income taxes 77,523 85,489 176,621 181,492
Federal and state income tax expense 19,740 31,656 54,748 61,935
Net income $ 57,783 $ 53,833 $ 121,873 $ 119,557