Operating revenue, net for the three and nine months ended September 30, 2019, and 2018, was as follows:



	FOR THE THREE MONTHS ENDED SEPT. 30, 2019
(THOUSANDS)	CLECO POWER				CLECO CAJUN			OTHER				ELIMINATIONS			TOTAL
Revenue from contracts with customers
Retail revenue
Residential ⁽¹⁾	$	142,265			$	—		$	—			$	—		$	142,265
Commercial ⁽¹⁾	84,816				—			—				—			84,816
Industrial ⁽¹⁾	36,830				—			—				—			36,830
Other retail ⁽¹⁾	4,234				—			—				—			4,234
Surcharge	170				—			—				—			170
Electric customer credits	(13,711		)		—			—				—			(13,711		)
Total retail revenue	254,604				—			—				—			254,604
Wholesale, net	69,558			⁽¹⁾	114,426			(2,420		)	⁽²⁾	—			181,564
Transmission	14,034				15,435			—				(2,442		)	27,027
Other	4,452			⁽³⁾	—			—				—			4,452
Affiliate ⁽⁴⁾	334				31			28,252				(28,617		)	—
Total revenue from contracts with customers	342,982				129,892			25,832				(31,059		)	467,647
Revenue unrelated to contracts with customers
Other	1,995			⁽⁵⁾	18,329		⁽⁶⁾	—				—			20,324
Total revenue unrelated to contracts with customers	1,995				18,329			—				—			20,324
Operating revenue, net	$	344,977			$	148,221		$	25,832			$	(31,059	)	$	487,971

⁽¹⁾Includes fuel recovery revenue.

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

⁽³⁾ Other miscellaneous fee revenue.

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

⁽⁵⁾ Includes realized gains associated with FTRs.

⁽⁶⁾Includes $16.0 million in lease revenue related to the Cottonwood Sale Leaseback and $2.3 million of deferred lease revenue amortization.



	FOR THE THREE MONTHS ENDED SEPT. 30, 2018
(THOUSANDS)	CLECO POWER			OTHER				ELIMINATIONS			TOTAL
Revenue from contracts with customers
Retail revenue
Residential ⁽¹⁾	$	139,162		$	—			$	—		$	139,162
Commercial ⁽¹⁾	79,829			—				—			79,829
Industrial ⁽¹⁾	43,380			—				—			43,380
Other retail ⁽¹⁾	4,039			—				—			4,039
Surcharge	6,206			—				—			6,206
Electric customer credits	(2,992		)	—				—			(2,992		)
Total retail revenue	269,624			—				—			269,624
Wholesale, net ⁽¹⁾	63,624			(2,420		)	⁽²⁾	—			61,204
Transmission	14,718			—				—			14,718
Other ⁽³⁾	5,469			—				—			5,469
Affiliate	223			22,765				(22,988		)	—
Total revenue from contracts with customers	353,658			20,345				(22,988		)	351,015
Revenue unrelated to contracts with customers
Other ⁽⁴⁾	7,241			—				—			7,241
Total revenue unrelated to contracts with customers	7,241			—				—			7,241
Operating revenue, net	$	360,899		$	20,345			$	(22,988	)	$	358,256

⁽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 $4.9 million of other miscellaneous fee revenue and $0.6 million of Teche Unit 3 SSR revenue, net of $0.2 million of reserves for capital expenditures.

⁽⁴⁾ Includes realized gains associated with FTRs.



	FOR THE NINE MONTHS ENDED SEPT. 30, 2019
(THOUSANDS)	CLECO POWER				CLECO CAJUN			OTHER				ELIMINATIONS			TOTAL
Revenue from contracts with customers
Retail revenue
Residential ⁽¹⁾	$	327,340			$	—		$	—			$	—		$	327,340
Commercial ⁽¹⁾	218,209				—			—				—			218,209
Industrial ⁽¹⁾	109,545				—			—				—			109,545
Other retail ⁽¹⁾	11,391				—			—				—			11,391
Surcharge	7,692				—			—				—			7,692
Electric customer credits	(30,565		)		—			—				—			(30,565		)
Total retail revenue	643,612				—			—				—			643,612
Wholesale, net	179,633			⁽¹⁾	273,256			(7,260		)	⁽²⁾	—			445,629
Transmission	38,679				36,625			—				(5,395		)	69,909
Other	14,640			⁽³⁾	—			2				—			14,642
Affiliate ⁽⁴⁾	971				31			77,800				(78,802		)	—
Total revenue from contracts with customers	877,535				309,912			70,542				(84,197		)	1,173,792
Revenue unrelated to contracts with customers
Other	9,158			⁽⁵⁾	47,081		⁽⁶⁾	—				(1		)	56,238
Total revenue unrelated to contracts with customers	9,158				47,081			—				(1		)	56,238
Operating revenue, net	$	886,693			$	356,993		$	70,542			$	(84,198	)	$	1,230,030

⁽¹⁾Includes fuel recovery revenue.

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

⁽³⁾ Includes $11.4 million of other miscellaneous fee revenue and $3.2 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 $11.7 million and the reversal of the Lost Contribution to Fixed Cost revenue of $2.6 million.

⁽⁶⁾Includes $40.9 million in lease revenue related to the Cottonwood Sale Leaseback and $6.1 million of deferred lease revenue amortization.



	FOR THE NINE MONTHS ENDED SEPT. 30, 2018
(THOUSANDS)	CLECO POWER			OTHER				ELIMINATIONS			TOTAL
Revenue from contracts with customers
Retail revenue
Residential ⁽¹⁾	$	338,357		$	—			$	—		$	338,357
Commercial ⁽¹⁾	218,389			—				—			218,389
Industrial ⁽¹⁾	121,445			—				—			121,445
Other retail ⁽¹⁾	11,633			—				—			11,633
Surcharge	17,637			—				—			17,637
Electric customer credits	(24,276		)	—				—			(24,276		)
Total retail revenue	683,185			—				—			683,185
Wholesale, net ⁽¹⁾	165,255			(7,260		)	⁽²⁾	—			157,995
Transmission	41,166			—				—			41,166
Other ⁽³⁾	19,901			1				—			19,902
Affiliate	651			55,707				(56,358		)	—
Total revenue from contracts with customers	910,158			48,448				(56,358		)	902,248
Revenue unrelated to contracts with customers
Other ⁽⁴⁾	32,029			—				—			32,029
Total revenue unrelated to contracts with customers	32,029			—				—			32,029
Operating revenue, net	$	942,187		$	48,448			$	(56,358	)	$	934,277

⁽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 $13.4 million of other miscellaneous fee revenue and $6.5 million of Teche Unit 3 SSR revenue, net of $2.4 million of reserves for capital expenditures.

⁽⁴⁾ Includes realized gains associated with FTRs.