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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Apr. 12, 2016
Dec. 31, 2016
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating revenue          
Electric customer credits     $ (33,195)    
Operating revenue, net     1,231,044    
SUCCESSOR          
Operating revenue          
Electric operations   $ 802,592 1,181,907 $ 1,097,632  
Other operations   51,562 82,332 79,580  
Affiliate revenue   0 0 0  
Gross operating revenue   854,154 1,264,239 1,177,212  
Electric customer credits   (1,149) (33,195) (1,566)  
Operating revenue, net   853,005 1,231,044 1,175,646  
Operating expenses          
Fuel used for electric generation   250,142 382,556 339,346  
Power purchased for utility customers   92,337 168,180 152,913  
Other operations and maintenance   138,298 197,038 197,610  
Depreciation and amortization   116,990 170,414 166,854  
Taxes other than income taxes   35,543 48,791 48,546  
Merger transaction and commitment costs   174,786 19,514 5,152  
Gain on sale of assets   0 (6) (2)  
Total operating expenses   808,096 986,487 910,419  
Operating income (Loss)   44,909 244,557 265,227  
Interest income   840 6,073 1,424  
Allowance for equity funds used during construction   3,735 14,159 8,320  
Other income   3,350 1,515 6,474  
Other expense   (10,003) (15,843) (13,373)  
Interest charges          
Interest charges, including amortization of debt issuance costs, premiums, and discounts, net   90,852 131,348 125,200  
Allowance for borrowed funds used during construction   (1,086) (4,706) (2,287)  
Total interest charges   89,766 126,642 122,913  
Income (loss) before income taxes   (46,935) 123,819 145,159  
Federal and state income tax expense (benefit)   (22,822) 29,382 7,079  
Net income (loss)   $ (24,113) 94,437 138,080  
PREDECESSOR          
Operating revenue          
Electric operations $ 281,154        
Other operations 19,080        
Affiliate revenue 0        
Gross operating revenue 300,234        
Electric customer credits (364)        
Operating revenue, net 299,870        
Operating expenses          
Fuel used for electric generation 96,378        
Power purchased for utility customers 27,249        
Other operations and maintenance 59,929        
Depreciation and amortization 44,076        
Taxes other than income taxes 14,611        
Merger transaction and commitment costs 34,912        
Gain on sale of assets (1,095)        
Total operating expenses 276,060        
Operating income (Loss) 23,810        
Interest income 265        
Allowance for equity funds used during construction 723        
Other income 870        
Other expense (4,037)        
Interest charges          
Interest charges, including amortization of debt issuance costs, premiums, and discounts, net 22,330        
Allowance for borrowed funds used during construction (207)        
Total interest charges 22,123        
Income (loss) before income taxes (492)        
Federal and state income tax expense (benefit) 3,468        
Net income (loss) $ (3,960)        
CLECO POWER          
Operating revenue          
Electric operations     1,191,587 1,108,389 $ 1,091,229
Other operations     82,330 77,522 68,573
Affiliate revenue     874 851 884
Gross operating revenue     1,274,791 1,186,762 1,160,686
Electric customer credits     (33,195) (1,566) (1,513)
Operating revenue, net     1,241,596 1,185,196 1,159,173
Operating expenses          
Fuel used for electric generation     382,556 339,346 346,520
Power purchased for utility customers     168,180 152,913 119,586
Other operations and maintenance     202,556 202,738 203,452
Depreciation and amortization     162,069 158,415 153,393
Taxes other than income taxes     47,267 46,539 48,287
Merger transaction and commitment costs     0 0 151,501
Gain on sale of assets     (4) 0 (1,095)
Total operating expenses     962,624 899,951 1,021,644
Operating income (Loss)     278,972 285,245 137,529
Interest income     5,052 1,283 860
Allowance for equity funds used during construction     14,159 8,320 4,458
Other income     2,742 2,990 1,601
Other expense     (11,441) (10,407) (10,505)
Interest charges          
Interest charges, including amortization of debt issuance costs, premiums, and discounts, net     76,009 71,649 77,739
Allowance for borrowed funds used during construction     (4,706) (2,287) (1,293)
Total interest charges     71,303 69,362 76,446
Income (loss) before income taxes     218,181 218,069 57,497
Federal and state income tax expense (benefit)     55,924 67,331 18,369
Net income (loss)     $ 162,257 $ 150,738 $ 39,128