Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Property, Plant, and Equipment

Cleco’s property, plant, and equipment consisted of:

(THOUSANDS)	AT JUNE 30, 2015			AT DEC. 31, 2014
Regulated utility plants	$	4,534,234		$	4,495,490
Other	14,217			13,470
Total property, plant, and equipment	4,548,451			4,508,960
Accumulated depreciation	(1,489,864		)	(1,442,960		)
Net property, plant, and equipment	$	3,058,587		$	3,066,000

Restricted Cash and Cash Equivalents

Cleco’s restricted cash and cash equivalents consisted of:

(THOUSANDS)	AT JUNE 30, 2015		AT DEC. 31, 2014
Current:
Cleco Katrina/Rita’s storm recovery bonds	$	8,342	$	8,986
Non-current:
Diversified Lands’ mitigation escrow	21		21
Cleco Power’s future storm restoration costs	15,542		14,915
Cleco Power’s building renovation escrow	252		194
Non-current total	15,815		15,130
Total restricted cash and cash equivalents	$	24,157	$	24,116

Earnings per Average Common Share

The following tables show the calculation of basic and diluted earnings per share:

						FOR THE THREE MONTHS ENDED JUNE 30,
				2015					2014
(THOUSANDS, EXCEPT SHARES AND PER SHARE AMOUNTS)	INCOME		SHARES	PER SHARE AMOUNT		INCOME		SHARES	PER SHARE AMOUNT
Basic net income applicable to common stock	$	30,234	60,480,684	$	0.50	$	36,633	60,359,949	$	0.61
Effect of dilutive securities
Add: restricted stock (LTICP)			320,122					266,186
Diluted net income applicable to common stock	$	30,234	60,800,806	$	0.50	$	36,633	60,626,135	$	0.60

						FOR THE SIX MONTHS ENDED JUNE 30,
				2015					2014
(THOUSANDS, EXCEPT SHARES AND PER SHARE AMOUNTS)	INCOME		SHARES	PER SHARE AMOUNT		INCOME		SHARES	PER SHARE AMOUNT
Basic net income applicable to common stock	$	57,156	60,470,989	$	0.95	$	62,557	60,424,591	$	1.04
Effect of dilutive securities
Add: restricted stock (LTICP)			305,746					253,435
Diluted net income applicable to common stock	$	57,156	60,776,735	$	0.94	$	62,557	60,678,026	$	1.03

Stock-Based Compensation

Cleco and Cleco Power reported pretax compensation expense for their share-based compensation plans as shown in the following table:

	CLECO CORPORATION				CLECO POWER				CLECO CORPORATION				CLECO POWER
	FOR THE THREE MONTHS ENDED JUNE 30,								FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2015		2014		2015		2014		2015		2014		2015		2014
Equity classification
Non-vested stock	$	1,440	$	1,533	$	502	$	507	$	3,225	$	3,454	$	946	$	934
Tax benefit	$	554	$	590	$	193	$	195	$	1,241	$	1,329	$	364	$	359