Pension Plan and Employee Benefits (Tables)

6 Months Ended

Jun. 30, 2014

Cleco’s 401(k) Plan expense for the three and six months ended June 30, 2014 and 2013 is as follows:



	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2014		2013		2014		2013
401(k) Plan expense	$	1,201	$	1,145	$	2,569	$	2,424

Pension Benefits [Member]

The components of net periodic pension and other benefit cost for the three and six months ended June 30, 2014 and 2013, are as follows:



	PENSION BENEFITS						OTHER BENEFITS
	FOR THE THREE MONTHS ENDED JUNE 30,
(THOUSANDS)	2014			2013			2014		2013
Components of periodic benefit cost:
Service cost	$	2,020		$	2,460		$	405	$	314
Interest cost	4,996			4,533			462		481
Expected return on plan assets	(6,170		)	(5,958		)	—		—
Amortizations:
Transition obligation	—			—			5		4
Prior period service cost (credit)	(18		)	(18		)	30		—
Net loss	1,658			3,236			178		319
Net periodic benefit cost	$	2,486		$	4,253		$	1,080	$	1,118



	PENSION BENEFITS						OTHER BENEFITS
	FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2014			2013			2014		2013
Components of periodic benefit cost:
Service cost	$	4,025		$	4,945		$	810	$	628
Interest cost	9,926			8,970			925		962
Expected return on plan assets	(12,253		)	(11,723		)	—		—
Amortizations:
Transition obligation	—			—			10		8
Prior period service cost (credit)	(36		)	(36		)	60		—
Net loss	3,371			6,609			355		637
Net periodic benefit cost	$	5,033		$	8,765		$	2,160	$	2,235

SERP Benefits [Member]

The components of net periodic SERP benefit cost for the three and six months ended June 30, 2014 and 2013, are as follows:



	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2014		2013		2014		2013
Components of periodic benefit cost:
Service cost	$	671	$	521	$	1,139	$	1,028
Interest cost	789		612		1,514		1,289
Amortizations:
Prior period service cost	15		13		27		27
Net loss	552		616		937		1,152
Net periodic benefit cost	$	2,027	$	1,762	$	3,617	$	3,496