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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating revenue        
Electric operations $ 352,763 $ 314,766 $ 939,519 $ 796,957
Other operations 19,497 14,843 48,878 37,917
Affiliate revenue 0 0 0 0
Gross operating revenue 372,260 329,609 988,397 834,874
Electric customer credits (874) (846) (23,555) (1,270)
Operating revenue, net 371,386 328,763 964,842 833,604
Operating expenses        
Fuel used for electric generation 104,463 101,752 220,206 259,728
Power purchased for utility customers 63,024 5,999 197,141 24,795
Other operations 30,992 30,057 87,074 88,420
Maintenance 20,558 20,427 79,173 64,372
Depreciation 37,834 41,756 117,145 110,529
Taxes other than income taxes 7,273 12,007 32,946 34,926
(Gain) loss on sale of assets 0 (29) (145) 817
Total operating expenses 264,144 211,969 733,540 583,587
Operating Income (loss) 107,242 116,794 231,302 250,017
Interest income 416 332 1,369 789
Allowance for equity funds used during construction 631 1,303 4,291 2,880
Other income 848 2,837 4,314 12,282
Other expense (685) (1,456) (1,727) (2,146)
Interest charges        
Interest charges, including amortization of debt expense, premium, and discount, net 13,375 19,436 54,767 62,284
Allowance for borrowed funds used during construction (200) (422) (1,259) (926)
Total interest charges 13,175 19,014 53,508 61,358
Income before income taxes 95,277 100,796 186,041 202,464
Federal and state income tax expense 24,442 34,389 52,649 66,892
Net income 70,835 66,407 133,392 135,572
Net income applicable to common stock 70,835 66,407 133,392 135,572
Average shares of common stock outstanding        
Average number of basic common shares outstanding (in shares) 60,372,569 60,450,384 60,410,122 60,428,944
Average number of diluted common shares outstanding (in shares) 60,689,596 60,748,647 60,711,543 60,694,632
Basic earnings per share        
Net income applicable to common stock (in dollars per share) $ 1.17 $ 1.10 $ 2.21 $ 2.25
Diluted earnings per share        
Net income applicable to common stock (in dollars per share) $ 1.17 $ 1.09 $ 2.20 $ 2.23
Dividends declared per share of common stock $ 0.4000 $ 0.3625 $ 1.1625 $ 1.0625
Cleco Power [Member]
       
Operating revenue        
Electric operations 352,763 314,766 939,519 796,957
Other operations 18,957 14,301 47,256 36,366
Affiliate revenue 332 335 998 1,005
Gross operating revenue 372,052 329,402 987,773 834,328
Electric customer credits (874) (846) (23,555) (1,270)
Operating revenue, net 371,178 328,556 964,218 833,058
Operating expenses        
Fuel used for electric generation 104,463 101,752 220,206 259,728
Power purchased for utility customers 63,024 18,339 202,608 51,278
Other operations 30,816 28,471 85,279 83,385
Maintenance 19,926 17,478 76,386 55,857
Depreciation 37,518 39,962 115,016 105,251
Taxes other than income taxes 7,128 10,891 31,197 31,554
Total operating expenses 262,875 216,893 730,692 587,053
Operating Income (loss) 108,303 111,663 233,526 246,005
Interest income 398 331 1,349 784
Allowance for equity funds used during construction 631 1,303 4,291 2,880
Other income 476 2,838 1,228 4,606
Other expense (684) (2,239) (1,625) (3,693)
Interest charges        
Interest charges, including amortization of debt expense, premium, and discount, net 14,686 19,078 56,144 61,808
Allowance for borrowed funds used during construction (200) (422) (1,259) (926)
Total interest charges 14,486 18,656 54,885 60,882
Income before income taxes 94,638 95,240 183,884 189,700
Federal and state income tax expense 29,094 33,355 59,375 65,558
Net income $ 65,544 $ 61,885 $ 124,509 $ 124,142