Operating revenue, net for the three months ended March 31, 2019, and 2018, was as follows:



	FOR THE THREE MONTHS ENDED MAR. 31, 2019
(THOUSANDS)	CLECO POWER				CLECO CAJUN				OTHER				ELIMINATIONS			TOTAL
Revenue from contracts with customers
Retail revenue
Residential ⁽¹⁾	$	87,148			$	—			$	—			$	—		$	87,148
Commercial ⁽¹⁾	65,380				—				—				—			65,380
Industrial ⁽¹⁾	37,870				—				—				—			37,870
Other retail ⁽¹⁾	3,681				—				—				—			3,681
Surcharge	5,321				—				—				—			5,321
Electric customer credits	(8,160		)		—				—				—			(8,160		)
Total retail revenue	191,240				—				—				—			191,240
Wholesale, net	55,546			⁽¹⁾	58,191				(2,420		)	⁽²⁾	—			111,317
Transmission	12,579				8,727				—				—			21,306
Other	6,851			⁽³⁾	(26		)		2				—			6,827
Affiliate ⁽⁴⁾	300				—				26,535				(26,835		)	—
Total revenue from contracts with customers	266,516				66,892				24,117				(26,835		)	330,690
Revenue unrelated to contracts with customers
Other	2,229			⁽⁵⁾	11,267			⁽⁶⁾	—				—			13,496
Total revenue unrelated to contracts with customers	2,229				11,267				—				—			13,496
Operating revenue, net	$	268,745			$	78,159			$	24,117			$	(26,835	)	$	344,186

⁽¹⁾Includes fuel recovery revenue.

⁽²⁾ Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements.

⁽³⁾ Includes $4.4 million of other miscellaneous fee revenue and $2.4 million of Teche Unit 3 SSR revenue at Cleco Power.

⁽⁴⁾Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation.

⁽⁵⁾Includes realized gains associated with FTRs of $4.8 million and the reversal of the Lost Contribution to Fixed Cost revenue of ($2.6) million.

⁽⁶⁾Includes $9.8 million in lease revenue related to the Cottonwood Sale Leaseback and $1.4 million of deferred lease revenue amortization.



	FOR THE THREE MONTHS ENDED MAR. 31, 2018
(THOUSANDS)	CLECO POWER			OTHER				ELIMINATIONS			TOTAL
Revenue from contracts with customers
Retail revenue
Residential ⁽¹⁾	$	91,390		$	—			$	—		$	91,390
Commercial ⁽¹⁾	66,695			—				—			66,695
Industrial ⁽¹⁾	37,386			—				—			37,386
Other retail ⁽¹⁾	3,801			—				—			3,801
Surcharge	5,238			—				—			5,238
Electric customer credits	(7,647		)	—				—			(7,647		)
Total retail revenue	196,863			—				—			196,863
Wholesale, net ⁽¹⁾	43,830			(2,420		)	⁽²⁾	—			41,410
Transmission	17,644			—				—			17,644
Other ⁽³⁾	7,690			1				—			7,691
Affiliate	208			15,669				(15,877		)	—
Total revenue from contracts with customers	266,235			13,250				(15,877		)	263,608
Revenue unrelated to contracts with customers
Other	13,152			—				—			13,152
Total revenue unrelated to contracts with customers	13,152			—				—			13,152
Operating revenue, net	$	279,387		$	13,250			$	(15,877	)	$	276,760

⁽¹⁾Includes fuel recovery revenue.

⁽²⁾ Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements.

⁽³⁾ Other revenue from contracts with customers includes $3.2 million of Teche Unit 3 SSR revenue, net of $1.9 million of reserves for capital expenditures and other miscellaneous fee revenue.