Pension Plan and Employee Benefits (Tables)

6 Months Ended

Jun. 30, 2015

Cleco’s 401(k) Plan expense for the three and six months ended June 30, 2015, and 2014 is as follows:



	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2015		2014		2015		2014
401(k) Plan expense	$	1,268	$	1,201	$	2,693	$	2,569

The components of net periodic pension and other benefit cost for the three and six months ended June 30, 2015, and 2014 are as follows:



	PENSION BENEFITS						OTHER BENEFITS
	FOR THE THREE MONTHS ENDED JUNE 30,
(THOUSANDS)	2015			2014			2015		2014
Components of periodic benefit costs:
Service cost	$	2,683		$	2,020		$	392	$	405
Interest cost	5,271			4,996			372		462
Expected return on plan assets	(5,856		)	(6,170		)	—		—
Amortizations:
Transition obligation	—			—			—		5
Prior period service (credit) cost	(18		)	(18		)	34		30
Net loss	3,568			1,658			238		178
Net periodic benefit cost	$	5,648		$	2,486		$	1,036	$	1,080



	PENSION BENEFITS						OTHER BENEFITS
	FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2015			2014			2015		2014
Components of periodic benefit costs:
Service cost	$	5,209		$	4,025		$	784	$	810
Interest cost	10,398			9,926			744		925
Expected return on plan assets	(11,690		)	(12,253		)	—		—
Amortizations:
Transition obligation	—			—			—		10
Prior period service (credit) cost	(36		)	(36		)	68		60
Net loss	6,914			3,371			476		355
Net periodic benefit cost	$	10,795		$	5,033		$	2,072	$	2,160

The components of net periodic benefit cost related to SERP for the three and six months ended June 30, 2015, and 2014 are as follows:



	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2015		2014		2015		2014
Components of periodic benefit costs:
Service cost	$	728	$	671	$	1,353	$	1,139
Interest cost	744		789		1,528		1,514
Amortizations:
Prior period service cost	13		15		26		27
Net loss	782		552		1,487		937
Net periodic benefit cost	$	2,267	$	2,027	$	4,394	$	3,617