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Pension Plan and Employee Benefits (Tables)
6 Months Ended
Jun. 30, 2019
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Net Periodic Pension and Other Benefits Cost
The components of the net SERP for the three and six months ended June 30, 2019, and 2018 were as follows:
 
FOR THE THREE MONTHS
 ENDED JUNE 30,
 
 
FOR THE SIX MONTHS
ENDED JUNE 30,
 
(THOUSANDS)
2019

 
2018

 
2019

 
2018

Components of periodic benefit costs
 
 
 
 
 
 
 
Service cost
$
52

 
$
166

 
$
165

 
$
271

Interest cost
838

 
1,004

 
1,663

 
1,764

Amortizations
 
 
 
 
 
 
 
Prior period service credit
(35
)
 
(47
)
 
(70
)
 
(81
)
Net loss
370

 
647

 
762

 
1,232

Net periodic benefit cost
$
1,225

 
$
1,770

 
$
2,520

 
$
3,186

The components of net periodic pension and other benefits cost for the three and six months ended June 30, 2019, and 2018 were as follows:
 
PENSION BENEFITS
 
OTHER BENEFITS
 
FOR THE THREE MONTHS ENDED JUNE 30,
 
 
FOR THE THREE MONTHS ENDED JUNE 30,
 
(THOUSANDS)
2019

 
2018

 
2019

 
2018

Components of periodic benefit costs
 
 
 
 
 
 
 
Service cost
$
2,140

 
$
2,361

 
$
280

 
$
338

Interest cost
5,593

 
5,472

 
400

 
357

Expected return on plan assets
(6,629
)
 
(5,938
)
 

 

Amortizations
 
 
 
 
 
 
 
Prior period service credit
(18
)
 
(18
)
 

 

Net loss (gain)
2,050

 
2,960

 
(35
)
 
5

Net periodic benefit cost
$
3,136

 
$
4,837

 
$
645

 
$
700


 
PENSION BENEFITS
 
OTHER BENEFITS

FOR THE SIX MONTHS ENDED JUNE 30,
 
 
FOR THE SIX MONTHS ENDED JUNE 30,
 
(THOUSANDS)
2018

 
2017

 
2018

 
2017

Components of periodic benefit costs
 
 
 
 
 
 
 
Service cost
$
4,207

 
$
4,753

 
$
568

 
$
675

Interest cost
11,243

 
10,654

 
800

 
715

Expected return on plan assets
(13,251
)
 
(11,875
)
 

 

Amortizations
 
 
 
 
 
 
 
Prior period service credit
(36
)
 
(36
)
 

 

Net loss (gain)
3,925

 
5,921

 
(80
)
 
10

Net periodic benefit cost
$
6,088

 
$
9,417

 
$
1,288

 
$
1,400

Current and Non-Current Portions of Other Benefits Liability
The current and non-current portions of the SERP liability for Cleco and Cleco Power at June 30, 2019, and December 31, 2018, were as follows:
Cleco
 
 
 
(THOUSANDS)
AT JUNE 30, 2019

 
AT DEC. 31, 2018

Current
$
4,478

 
$
4,478

Non-current
$
73,479

 
$
73,936

The current and non-current portions of the other benefits liability for Cleco and Cleco Power at June 30, 2019, and December 31, 2018, were as follows:
Cleco
 
 
 
(THOUSANDS)
AT JUNE 30, 2019

 
AT DEC. 31, 2018

Current
$
4,130

 
$
4,130

Non-current
$
35,690

 
$
36,325

Expense of the 401(k) Plan
Cleco’s 401(k) Plan expense for the three and six months ended June 30, 2019, and 2018 was as follows:
 
FOR THE THREE MONTHS
 ENDED JUNE 30,
 
 
FOR THE SIX MONTHS
 ENDED JUNE 30,
 
(THOUSANDS)
2019

 
2018

 
2019

 
2018

401(k) Plan expense
$
1,792

 
$
1,229

 
$
4,059

 
$
3,292



The expense of the 401(k) Plan related to Cleco’s other subsidiaries for the three and six months ended June 30, 2019, and 2018 was as follows:
 
FOR THE THREE MONTHS
 ENDED JUNE 30,
 
 
FOR THE SIX MONTHS
ENDED JUNE 30,
 
(THOUSANDS)
2019

 
2018

 
2019

 
2018

401(k) Plan expense
$
821

 
$
209

 
$
1,752

 
$
611

CLECO POWER  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Current and Non-Current Portions of Other Benefits Liability
Cleco Power
 
 
 
(THOUSANDS)
AT JUNE 30, 2019

 
AT DEC. 31, 2018

Current
$
930

 
$
930

Non-current
$
11,844

 
$
12,025

Cleco Power
 
 
 
(THOUSANDS)
AT JUNE 30, 2019

 
AT DEC. 31, 2018

Current
$
3,584

 
$
3,584

Non-current
$
31,300

 
$
31,694