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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating revenue    
Electric operations $ 311,157 $ 312,949
Other operations 44,908 39,397
Affiliate revenue 0 0
Gross operating revenue 356,065 352,346
Electric customer credits (8,493) (8,160)
Operating revenue, net 347,572 344,186
Operating expenses    
Fuel used for electric generation 76,637 104,054
Purchased power 66,320 60,099
Other operations and maintenance 74,766 60,731
Depreciation and amortization 55,873 49,856
Taxes other than income taxes 16,536 13,870
Merger transaction and commitment costs 2,775 4,990
Total operating expenses 292,907 293,600
Operating income 54,665 50,586
Interest income 1,157 1,491
Allowance for equity funds used during construction (74) 5,688
Other income (expense), net (12,709) 2,777
Interest charges    
Interest charges, net 35,328 36,115
Allowance for borrowed funds used during construction (179) (2,116)
Total interest charges 35,149 33,999
Income before income taxes 7,890 26,543
Federal and state income tax expense 1,562 5,986
Net income 6,328 20,557
CLECO POWER    
Operating revenue    
Electric operations 224,430 257,175
Other operations 15,764 19,430
Affiliate revenue 1,106 300
Gross operating revenue 241,300 276,905
Electric customer credits (8,340) (8,160)
Operating revenue, net 232,960 268,745
Operating expenses    
Fuel used for electric generation 61,064 94,131
Purchased power 23,462 29,654
Other operations and maintenance 56,944 47,700
Depreciation and amortization 43,677 42,377
Taxes other than income taxes 12,276 9,978
Total operating expenses 197,423 223,840
Operating income 35,537 44,905
Interest income 954 994
Allowance for equity funds used during construction (74) 5,688
Other income (expense), net (2,667) 268
Interest charges    
Interest charges, net 18,760 19,261
Allowance for borrowed funds used during construction (179) (2,116)
Total interest charges 18,581 17,145
Income before income taxes 15,169 34,710
Federal and state income tax expense 3,338 7,998
Net income $ 11,831 $ 26,712