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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating revenue    
Electric operations $ 262,211 $ 234,056
Other operations 22,196 16,880
Affiliate revenue 0 0
Gross operating revenue 284,407 250,936
Electric customer credits (7,647) (435)
Operating revenue, net 276,760 250,501
Operating expenses    
Fuel used for electric generation 67,016 69,873
Power purchased for utility customers 53,159 31,963
Other operations 27,967 29,327
Maintenance 29,119 24,523
Depreciation and amortization 42,507 40,851
Taxes other than income taxes 12,258 12,502
Total operating expenses 232,026 209,039
Operating income 44,734 41,462
Interest income 783 312
Allowance for equity funds used during construction 2,363 911
Other income 554 1,370
Other expense (3,554) (2,938)
Interest charges    
Interest charges, including amortization of debt issuance costs, premiums, and discounts, net 32,030 31,945
Allowance for borrowed funds used during construction (873) (227)
Total interest charges 31,157 31,718
Income before income taxes 13,723 9,399
Federal and state income tax expense 2,862 3,107
Net income 10,861 6,292
Cleco Power    
Operating revenue    
Electric operations 264,631 237,553
Other operations 22,195 16,365
Affiliate revenue 208 219
Gross operating revenue 287,034 254,137
Electric customer credits (7,647) (435)
Operating revenue, net 279,387 253,702
Operating expenses    
Fuel used for electric generation 67,016 69,873
Power purchased for utility customers 53,159 31,963
Other operations 27,307 30,264
Maintenance 29,078 24,420
Depreciation and amortization 40,388 38,758
Taxes other than income taxes 11,918 12,000
Total operating expenses 228,866 207,278
Operating income 50,521 46,424
Interest income 641 266
Allowance for equity funds used during construction 2,363 911
Other income 740 210
Other expense (2,608) (1,998)
Interest charges    
Interest charges, including amortization of debt issuance costs, premiums, and discounts, net 18,529 18,331
Allowance for borrowed funds used during construction (873) (227)
Total interest charges 17,656 18,104
Income before income taxes 34,001 27,709
Federal and state income tax expense 7,997 9,855
Net income $ 26,004 $ 17,854