Disclosures about Segments

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Disclosures about Segments

Note 8 — Disclosures about Segments

Cleco’s reportable segments are based on its method of internal reporting, which disaggregates business units by first-tier subsidiary. Cleco’s reportable segments are Cleco Power and Midstream. The holding company, a shared services subsidiary, two transmission interconnection facility subsidiaries, and an investment subsidiary are shown as Other in the following tables.

Each reportable segment engages in business activities from which it earns revenue and incurs expenses. Segment managers report periodically to Cleco’s Chief Executive Officer (the chief operating decision-maker) with discrete financial information and, at least quarterly, present discrete financial information to Cleco Corporation’s Board of Directors. Each reportable segment prepared budgets for 2013 that were presented to and approved by Cleco Corporation’s Board of Directors.

The financial results of Cleco’s segments are presented on an accrual basis. Management evaluates the performance of its segments and allocates resources to them based on segment profit and the requirements to implement new strategic initiatives and projects to meet current business objectives. Material intercompany transactions occur on a regular basis. These intercompany transactions relate primarily to the power purchase agreement between Cleco Power and Evangeline that began in 2012, and joint and common administrative support services provided by Support Group.

SEGMENT INFORMATION FOR THE THREE MONTHS ENDED MARCH 31,
2013 (THOUSANDS)	CLECO POWER			MIDSTREAM			OTHER			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	229,425		$	—		$	—		$	—		$	229,425
Tolling operations	—			4,837			—			(4,837		)	—
Other operations	11,038			1			504			—			11,543
Electric customer credits	(21		)	—			—			—			(21		)
Affiliate revenue	336			—			11,925			(12,261		)	—
Operating revenue, net	$	240,778		$	4,838		$	12,429		$	(17,098	)	$	240,947
Depreciation	$	32,330		$	1,500		$	203		$	(1	)	$	34,032
Interest charges	$	21,349		$	(239	)	$	163		$	183		$	21,456
Interest income	$	198		$	—		$	(180	)	$	183		$	201
Federal and state income tax expense (benefit)	$	14,238		$	(840	)	$	(317	)	$	—		$	13,081
Net income (loss)	$	27,793		$	(1,334	)	$	674		$	—		$	27,133
Additions to long-lived assets	$	41,558		$	1,829		$	561		$	—		$	43,948
Equity investment in investees	$	14,532		$	—		$	8		$	1		$	14,541
Total segment assets	$	3,827,103		$	212,889		$	174,057		$	(146,917	)	$	4,067,132

2012 (THOUSANDS)	CLECO POWER		MIDSTREAM			OTHER			ELIMINATIONS			CONSOLIDATED
Revenue
Electric operations	$	209,590	$	—		$	—		$	—		$	209,590
Tolling operations	—		1,234			—			(1,234		)	—
Other operations	10,448		1			497			—			10,946
Electric customer credits	2,237		—			—			—			2,237
Affiliate revenue	345		—			11,607			(11,952		)	$	—
Operating revenue, net	$	222,620	$	1,235		$	12,104		$	(13,186	)	$	222,773
Depreciation	$	30,090	$	1,532		$	224		$	—		$	31,846
Interest charges	$	18,486	$	1,471		$	619		$	48		$	20,624
Interest income	$	30	$	—		$	(44	)	$	48		$	34
Equity loss from investees, before tax	$	—	$	—		$	1		$	—		$	1
Federal and state income tax expense (benefit)	$	14,507	$	739		$	(1,835	)	$	(1	)	$	13,410
Net income	$	26,805	$	1,090		$	2,136		$	—		$	30,031
Additions to long-lived assets	$	38,977	$	(13	)	$	387		$	—		$	39,351
Equity investment in investees (1)	$	14,532	$	—		$	8		$	—		$	14,540
Total segment assets  (1)	$	3,871,729	$	215,342		$	201,678		$	(141,400	)	$	4,147,349
(1) Balances as of December 31, 2012