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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating revenue        
Electric operations $ 341,062 $ 317,589 $ 897,486 $ 839,080
Other operations 20,186 21,282 61,067 59,627
Affiliate revenue 0 0 0 0
Gross operating revenue 361,248 338,871 958,553 898,707
Electric customer credits (2,992) (372) (24,276) (1,045)
Operating revenue, net 358,256 338,499 934,277 897,662
Operating expenses        
Fuel used for electric generation 130,987 103,217 275,565 261,063
Power purchased for utility customers 29,608 39,355 132,921 114,675
Other operations 37,395 25,464 95,875 81,025
Maintenance 18,302 18,031 71,613 66,955
Depreciation and amortization 43,763 42,228 128,076 124,630
Taxes other than income taxes 12,091 12,414 35,674 36,790
Total operating expenses 272,146 240,709 739,724 685,138
Operating income 86,110 97,790 194,553 212,524
Interest income 1,832 354 4,043 1,046
Allowance for equity funds used during construction 3,829 2,096 9,416 4,446
Other income 2,214 2,557 3,195 4,402
Other expense (3,378) (3,977) (10,306) (10,196)
Interest charges        
Interest charges, including amortization of debt issuance costs, premiums, and discounts, net 33,072 31,110 98,059 94,077
Allowance for borrowed funds used during construction (1,244) (648) (3,165) (1,277)
Total interest charges 31,828 30,462 94,894 92,800
Income before income taxes 58,779 68,358 106,007 119,422
Federal and state income tax expense 11,419 23,054 21,947 42,381
Net income 47,360 45,304 84,060 77,041
CLECO POWER        
Operating revenue        
Electric operations 343,482 320,009 904,746 847,417
Other operations 20,186 20,768 61,066 58,083
Affiliate revenue 223 209 651 649
Gross operating revenue 363,891 340,986 966,463 906,149
Electric customer credits (2,992) (372) (24,276) (1,045)
Operating revenue, net 360,899 340,614 942,187 905,104
Operating expenses        
Fuel used for electric generation 130,987 103,217 275,565 261,063
Power purchased for utility customers 29,608 39,355 132,921 114,675
Other operations 32,619 26,816 86,736 84,732
Maintenance 18,218 17,812 71,434 66,496
Depreciation and amortization 41,687 40,049 121,796 118,280
Taxes other than income taxes 11,717 12,008 34,548 35,412
Total operating expenses 264,836 239,257 723,000 680,658
Operating income 96,063 101,357 219,187 224,446
Interest income 1,606 332 3,560 926
Allowance for equity funds used during construction 3,829 2,096 9,416 4,446
Other income 678 1,463 2,215 1,839
Other expense (2,929) (3,163) (8,637) (7,554)
Interest charges        
Interest charges, including amortization of debt issuance costs, premiums, and discounts, net 19,139 17,789 56,823 53,931
Allowance for borrowed funds used during construction (1,244) (648) (3,165) (1,277)
Total interest charges 17,895 17,141 53,658 52,654
Income before income taxes 81,352 84,944 172,083 171,449
Federal and state income tax expense 18,016 30,092 39,724 63,010
Net income $ 63,336 $ 54,852 $ 132,359 $ 108,439