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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating revenue        
Electric operations $ 276,661 $ 316,997 $ 554,175 $ 586,756
Other operations 15,803 14,568 33,535 29,381
Affiliate revenue 0 0 0 0
Gross operating revenue 292,464 331,565 587,710 616,137
Electric customer credits (3,390) (22,495) (3,179) (22,681)
Operating revenue, net 289,074 309,070 584,531 593,456
Operating Expenses [Abstract]        
Fuel used for electric generation 84,011 56,696 172,136 115,743
Power purchased for utility customers 34,132 81,393 78,213 134,117
Other operations 31,436 28,727 59,995 55,716
Maintenance 21,436 26,245 40,518 58,615
Depreciation 36,468 37,570 73,746 79,311
Taxes other than income taxes 12,117 11,567 25,589 25,674
Merger transaction costs (410) 365 1,730 365
Gain on sale of assets 0 (214) 0 (145)
Total operating expenses 219,190 242,349 451,927 469,396
Operating income 69,884 66,721 132,604 124,060
Interest income 90 350 388 952
Allowance for equity funds used during construction 460 2,029 1,537 3,660
Other income 764 2,495 1,409 3,466
Other expense (695) (369) (1,063) (1,041)
Interest charges        
Interest charges, including amortization of debt expense, premium, and discount, net 20,040 20,635 40,483 41,393
Allowance for borrowed funds used during construction (130) (570) (451) (1,059)
Total interest charges 19,910 20,065 40,032 40,334
Income before income taxes 50,593 51,161 94,843 90,763
Federal and state income tax expense 20,359 14,528 37,687 28,206
Net income 30,234 36,633 57,156 62,557
Net income applicable to common stock $ 30,234 $ 36,633 $ 57,156 $ 62,557
Average number of basic common shares outstanding (in shares) 60,480,684 60,359,949 60,470,989 60,424,591
Average number of diluted common shares outstanding (in shares) 60,800,806 60,626,135 60,776,735 60,678,026
Basic earnings per share        
Net income applicable to common stock (in dollars per share) $ 0.50 $ 0.61 $ 0.95 $ 1.04
Diluted earnings per share        
Net income applicable to common stock (in dollars per share) 0.50 0.60 0.94 1.03
Dividends declared per share of common stock (in dollars per share) $ 0.40 $ 0.40 $ 0.80 $ 0.7625
Cleco Power [Member]        
Operating revenue        
Electric operations $ 276,661 $ 316,997 $ 554,175 $ 586,756
Other operations 15,283 14,027 32,495 28,299
Affiliate revenue 331 330 665 665
Gross operating revenue 292,275 331,354 587,335 615,720
Electric customer credits (3,390) (22,495) (3,179) (22,681)
Operating revenue, net 288,885 308,859 584,156 593,039
Operating Expenses [Abstract]        
Fuel used for electric generation 84,011 56,696 172,136 115,743
Power purchased for utility customers 34,132 81,393 78,213 139,584
Other operations 31,650 29,146 60,130 54,462
Maintenance 21,230 26,203 40,175 56,460
Depreciation 36,126 37,295 73,109 77,498
Taxes other than income taxes 11,493 11,094 24,479 24,069
Merger transaction costs   0    
Total operating expenses 218,642 241,827 448,242 467,816
Operating income 70,243 67,032 135,914 125,223
Interest income 48 350 304 951
Allowance for equity funds used during construction 460 2,029 1,537 3,660
Other income 846 389 1,297 752
Other expense (474) (432) (1,062) (941)
Interest charges        
Interest charges, including amortization of debt expense, premium, and discount, net 19,531 21,209 39,755 41,458
Allowance for borrowed funds used during construction (130) (570) (451) (1,059)
Total interest charges 19,401 20,639 39,304 40,399
Income before income taxes 51,722 48,729 98,686 89,246
Federal and state income tax expense 19,909 16,071 38,268 30,281
Net income $ 31,813 $ 32,658 $ 60,418 $ 58,965