Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees (Tables)

9 Months Ended

Sep. 30, 2012

Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees [Abstract]

Cleco’s off-balance sheet commitments as of September 30, 2012, are summarized in the following table, and a discussion of the off-balance sheet commitments follows the table. The discussion should be read in conjunction with the table to understand the impact of the off-balance sheet commitments on Cleco’s financial condition.



	AT SEPT. 30, 2012
(THOUSANDS)	FACE AMOUNT		REDUCTIONS		NET AMOUNT
Cleco Corporation
Guarantee issued to Entergy Mississippi on behalf of Attala	$	500	$	—	$	500
Cleco Power
Obligations under standby letter of credit issued to the Louisiana Department of Labor	3,725		—		3,725
Total	$	4,225	$	—	$	4,225

Expected Termination Dates of Off-Balance Sheet Commitments and On-Balance Sheet Guarantees

The following table summarizes the expected termination dates of the off-balance sheet commitments and on-balance sheet guarantees discussed above.



							AT SEPT. 30, 2012
			AMOUNT OF COMMITMENT EXPIRATION PER PERIOD
(THOUSANDS)	NET AMOUNT COMMITTED		LESS THAN ONE YEAR		1-3 YEARS		3-5 YEARS		MORE THAN 5 YEARS
Off-balance sheet commitments	$	4,225	$	3,725	$	—	$	—	$	500
On-balance sheet guarantees	14,356		—		10,350		—		4,006
Total	$	18,581	$	3,725	$	10,350	$	—	$	4,506

Future Equity Contributions

The following table reflects remaining future equity contributions.



(THOUSANDS)	CONTRIBUTION
Three months ending Dec. 31, 2012	$	12,786
Years ending Dec. 31,
2013	50,822
2014	39,059
2015	12,975
2016	11,890
2017	3,292
Total	$	130,824

Equity Investments with an Imputed Interest Rate

The following table contains the disclosures required by the authoritative guidelines for equity investments with an imputed interest rate.



(THOUSANDS)
Equity contributions, imputed interest rate 6%
Principal payment schedule above:	$	130,824
Less: unamortized discount	12,291
Total	$	118,533

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References+ Details