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Disclosures about Segments
 3 Months Ended
Mar. 31, 2015
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 its first-tier subsidiary. As a result of the Coughlin transfer from Evangeline to Cleco Power, Midstream no longer meets the requirements to be disclosed as a separate reportable segment. Management determined the retrospective application of this transfer to be quantitatively and qualitatively immaterial when taken as a whole in relation to Cleco Power’s financial statements. As a result, Cleco’s segment reporting disclosures were not retrospectively adjusted to reflect the transfer. For more information, see Note 14 — “Coughlin Transfer.” For the reporting period beginning April 1, 2014, the remaining operations of Midstream are included as Other in the following table, along with the holding company, a shared services subsidiary, two transmission interconnection facility subsidiaries, and an investment subsidiary.
The 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. The reportable segment prepared budgets for 2015 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 segment and allocates resources to it 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. Prior to March 15, 2014, these intercompany transactions related primarily to the PPA between Cleco Power and Evangeline that began in 2012 and joint and common administrative support services provided by Support Group. Subsequent to March 15, 2014, these intercompany transactions relate primarily to joint and common administrative support services provided by Support Group.

SEGMENT INFORMATION FOR THE THREE MONTHS ENDED MAR. 31,
2015 (THOUSANDS)
CLECO POWER

 
OTHER

 
ELIMINATIONS

 
CONSOLIDATED

Revenue
 
 
 
 
 
 
 
Electric operations
$
277,514

 
$
—

 
$
—

 
$
277,514

Other operations
17,213

 
520

 
(1
)
 
17,732

Electric customer credits
211

 
—

 
—

 
211

Affiliate revenue
333

 
12,804

 
(13,137
)
 
—

Operating revenue, net
$
295,271

 
$
13,324

 
$
(13,138
)
 
$
295,457

Depreciation
$
36,983

 
$
295

 
$
—

 
$
37,278

Merger transaction costs
$
—

 
$
2,140

 
$
—

 
$
2,140

Interest charges
$
19,902

 
$
115

 
$
105

 
$
20,122

Interest income
$
256

 
$
(63
)
 
$
104

 
$
297

Federal and state income tax expense (benefit)
$
18,359

 
$
(1,030
)
 
$
(1
)
 
$
17,328

Net income (loss)
$
28,605

 
$
(1,684
)
 
$
1

 
$
26,922

Additions to property, plant, and equipment
$
36,232

 
$
65

 
$
—

 
$
36,297

Equity investment in investees
$
14,532

 
$
8

 
$
—

 
$
14,540

Total segment assets
$
4,209,156

 
$
202,319

 
$
(77,247
)
 
$
4,334,228

 
2014 (THOUSANDS)
CLECO POWER

 
MIDSTREAM

 
OTHER

 
ELIMINATIONS

 
CONSOLIDATED

Revenue
 
 
 
 
 
 
 
 
 
Electric operations
$
269,759

 
$
—

 
$
—

 
$
—

 
$
269,759

Tolling operations
—

 
5,467

 
—

 
(5,467
)
 
—

Other operations
14,272

 
—

 
541

 
1

 
14,814

Electric customer credits
(186
)
 
—

 
—

 
—

 
(186
)
Affiliate revenue
335

 
—

 
13,192

 
(13,527
)
 
—

Operating revenue, net
$
284,180

 
$
5,467

 
$
13,733

 
$
(18,993
)
 
$
284,387

Depreciation
$
40,203

 
$
1,269

 
$
269

 
$
—

 
$
41,741

Interest charges
$
19,758

 
$
13

 
$
362

 
$
135

 
$
20,268

Interest income
$
602

 
$
—

 
$
(133
)
 
$
133

 
$
602

Federal and state income tax expense (benefit)
$
14,210

 
$
(81
)
 
$
(451
)
 
$
—

 
$
13,678

Net income (loss)
$
26,307

 
$
(130
)
 
$
(252
)
 
$
(1
)
 
$
25,924

Additions to property, plant, and equipment
$
234,153

 
$
(176,293
)
 
$
196

 
$
—

 
$
58,056

Equity investment in investees (1)
$
14,532

 
$
—

 
$
8

 
$
—

 
$
14,540

Total segment assets (1)
$
4,242,986

 
$
—

 
$
248,654

 
$
(112,567
)
 
$
4,379,073

(1) Balances as of December 31, 2014