Debt (Tables)

12 Months Ended

Dec. 31, 2013

Total Indebtedness

Cleco

Cleco’s total indebtedness as of December 31, 2013 and 2012 was as follows.

	AT DEC. 31,
(THOUSANDS)	2013			2012
Bonds
Cleco Power’s senior notes, 5.375%, due 2013	$	—		$	75,000
Cleco Power’s senior notes, 4.95%, due 2015	50,000			50,000
Cleco Power’s senior notes, 6.65%, due 2018	250,000			250,000
Cleco Power’s senior notes, 4.33%, due 2027	50,000			50,000
Cleco Power’s senior notes, 6.50%, due 2035	295,000			295,000
Cleco Power’s senior notes, 5.942%, due 2040	250,000			250,000
Cleco Power’s senior notes, 5.988%, due 2041	100,000			100,000
Cleco Power’s Series B GO Zone bonds, 4.25%, due 2038	50,000			—
Cleco Power’s solid waste disposal facility bonds, 4.70%, due 2036, callable after November 1, 2016	60,000			60,000
Cleco Power’s solid waste disposal facility bonds, 5.25%, due 2037, mandatory tender on March 1, 2013	—			60,000
Cleco Power’s Series A GO Zone bonds, due 2038, maturity tender on May 3, 2015	50,000			—
Cleco Katrina/Rita’s storm recovery bonds, 4.41%, due 2020	48,630			62,598
Cleco Katrina/Rita’s storm recovery bonds, 5.61%, due 2023	67,600			67,600
Total bonds	1,271,230			1,320,198
Other long-term debt
Cleco Corporation’s credit facility draws	5,000			25,000
Cleco Power’s bank term loan, due 2015	35,000			—
Cleco Power’s credit facility draws	20,000			—
Barge lease obligations, ending 2017	9,179			11,350
Gross amount of long-term debt	1,340,409			1,356,548
Less:  long-term debt due within one year	14,876			88,969
Less:  lease obligations classified as long-term debt due within one year	2,305			2,171
Unamortized discount	(7,728		)	(8,150		)
Total long-term debt, net	$	1,315,500		$	1,257,258

Future Amounts Payable Under Long-Term Debt Agreements

The principal amounts payable under long-term debt agreements for each year through 2018 and thereafter are as follows.

(THOUSANDS)
Amounts payable under long-term debt agreements
2014	$	14,876
2015	$	100,825
2016	$	16,814
2017	$	17,896
2018	$	294,194
Thereafter	$	886,625

Future Amounts Payable Under Barge Capital Lease Agreements

The principal amounts payable under the capital lease agreements for each year through 2017 are as follows.

(THOUSANDS)
Amounts payable under capital lease agreements
2014	$	2,305
2015	$	2,448
2016	$	2,607
2017	$	1,819

Cleco Power [Member]

Total Indebtedness

Cleco Power

Cleco Power’s total indebtedness as of December 31, 2013 and 2012, was as follows.

	AT DEC. 31,
(THOUSANDS)	2013			2012
Bonds
Senior notes, 5.375%, due 2013	$	—		$	75,000
Senior notes, 4.95%, due 2015	50,000			50,000
Senior notes, 6.65%, due 2018	250,000			250,000
Senior notes, 4.33%, due 2027	50,000			50,000
Senior notes, 6.50%, due 2035	295,000			295,000
Senior notes, 5.942%, due 2040	250,000			250,000
Senior notes, 5.988%, due 2041	100,000			100,000
Series B GO Zone bonds, 4.25%, due 2038	50,000			—
Solid waste disposal facility bonds, 4.70%, due 2036, callable after November 1, 2016	60,000			60,000
Solid waste disposal facility bonds, 5.25%, due 2037, mandatory tender on March 1, 2013	—			60,000
Series A GO Zone bonds, due 2038, maturity tender on May 3, 2015	50,000			—
Cleco Katrina/Rita’s storm recovery bonds, 4.41%, due 2020	48,630			62,598
Cleco Katrina/Rita’s storm recovery bonds, 5.61%, due 2023	67,600			67,600
Total bonds	1,271,230			1,320,198
Other long-term debt
Bank term loan, due 2015	35,000			—
Credit facility draws	20,000			—
Barge lease obligations, ending 2017	9,179			11,350
Gross amount of long-term debt	1,335,409			1,331,548
Less:  long-term debt due within one year	14,876			88,969
Less:  lease obligations classified as long-term debt due within one year	2,305			2,171
Unamortized discount	(7,728		)	(8,150		)
Total long-term debt, net	$	1,310,500		$	1,232,258

Future Amounts Payable Under Long-Term Debt Agreements

The principal amounts payable under long-term debt agreements for each year through 2018 and thereafter are as follows.

(THOUSANDS)
Amounts payable under long-term debt agreements
2014	$	14,876
2015	$	100,825
2016	$	16,814
2017	$	17,896
2018	$	289,194
Thereafter	$	886,625

Future Amounts Payable Under Barge Capital Lease Agreements

The principal amounts payable under the capital lease agreements for each year through 2017 are as follows.

(THOUSANDS)
Amounts payable under capital lease agreements
2014	$	2,305
2015	$	2,448
2016	$	2,607
2017	$	1,819