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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating revenue      
Electric operations $ 1,496,736 $ 1,181,907 $ 1,097,632
Other operations 182,832 82,332 79,580
Affiliate revenue 0 0 0
Gross operating revenue 1,679,568 1,264,239 1,177,212
Electric customer credits (39,963) (33,195) (1,566)
Operating revenue, net 1,639,605 1,231,044 1,175,646
Operating expenses      
Fuel used for electric generation 466,831 382,556 339,346
Purchased power 280,991 168,180 152,913
Other operations and maintenance 291,031 197,032 197,608
Depreciation and amortization 216,320 170,414 166,854
Taxes other than income taxes 61,870 48,791 48,546
Merger transaction and commitment costs 7,668 19,514 5,152
Total operating expenses 1,324,711 986,487 910,419
Operating income 314,894 244,557 265,227
Interest income 6,090 6,073 1,424
Allowance for equity funds used during construction 15,397 14,159 8,320
Other income (expense), net 758 (14,328) (6,899)
Interest charges      
Interest charges, net 147,346 131,348 125,200
Allowance for borrowed funds used during construction (6,037) (4,706) (2,287)
Total interest charges 141,309 126,642 122,913
Income before income taxes 195,830 123,819 145,159
Federal and state income tax expense 43,165 29,382 7,079
Net income 152,665 94,437 138,080
CLECO POWER      
Operating revenue      
Electric operations 1,130,928 1,191,587 1,108,389
Other operations 72,833 82,330 77,522
Affiliate revenue 3,125 874 851
Gross operating revenue 1,206,886 1,274,791 1,186,762
Electric customer credits (38,516) (33,195) (1,566)
Operating revenue, net 1,168,370 1,241,596 1,185,196
Operating expenses      
Fuel used for electric generation 385,317 382,556 339,346
Purchased power 111,208 168,180 152,913
Other operations and maintenance 207,164 202,552 202,738
Depreciation and amortization 172,471 162,069 158,415
Taxes other than income taxes 43,742 47,267 46,539
Total operating expenses 919,902 962,624 899,951
Operating income 248,468 278,972 285,245
Interest income 4,744 5,052 1,283
Allowance for equity funds used during construction 15,397 14,159 8,320
Other income (expense), net (3,616) (8,699) (7,417)
Interest charges      
Interest charges, net 77,316 76,009 71,649
Allowance for borrowed funds used during construction (6,037) (4,706) (2,287)
Total interest charges 71,279 71,303 69,362
Income before income taxes 193,714 218,181 218,069
Federal and state income tax expense 45,452 55,924 67,331
Net income $ 148,262 $ 162,257 $ 150,738