Pension Plan and Employee Benefits (Tables)

6 Months Ended

Jun. 30, 2020

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Net Periodic Pension and Other Benefits Cost

The components of net periodic pension and Other Benefits cost for the three and six months ended June 30, 2020, and 2019 were as follows:

	PENSION BENEFITS				OTHER BENEFITS
	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE THREE MONTHS ENDED JUNE 30,
(THOUSANDS)	2020		2019		2020		2019
Components of periodic benefit costs
Service cost	$	2,582	$	2,140	$	508	$	280
Interest cost	5,278		5,593		410		400
Expected return on plan assets	(6,242)		(6,629)		—		—
Amortizations
Prior period service credit	(15)		(18)		—		—
Net loss (gain)	4,477		2,050		340		(35)
Net periodic benefit cost	$	6,080	$	3,136	$	1,258	$	645

	PENSION BENEFITS				OTHER BENEFITS
	FOR THE SIX MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2020		2019		2020		2019
Components of periodic benefit costs
Service cost	$	4,910	$	4,207	$	1,015	$	568
Interest cost	10,408		11,243		820		800
Expected return on plan assets	(12,487)		(13,251)		—		—
Amortizations
Prior period service credit	(30)		(36)		—		—
Net loss (gain)	8,149		3,925		680		(80)
Net periodic benefit cost	$	10,950	$	6,088	$	2,515	$	1,288

The components of the net periodic benefit cost related to SERP for the three and six months ended June 30, 2020, and 2019 were as follows:

	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2020		2019		2020		2019
Components of periodic benefit costs
Service cost	$	105	$	52	$	200	$	165
Interest cost	734		838		1,466		1,663
Amortizations
Prior period service credit	(67)		(35)		(107)		(70)
Net loss	835		370		1,592		762
Net periodic benefit cost	$	1,607	$	1,225	$	3,151	$	2,520

Current and Non-Current Portions of Other Benefits Liability

The current and non-current portions of the Other Benefits liability for Cleco and Cleco Power at June 30, 2020, and December 31, 2019, were as follows:

Cleco
(THOUSANDS)	AT JUNE 30, 2020		AT DEC. 31, 2019
Current	$	4,401	$	4,401
Non-current	$	47,941	$	48,321

The current and non-current portions of the SERP liability for Cleco and Cleco Power at June 30, 2020, and December 31, 2019, were as follows:

Cleco
(THOUSANDS)	AT JUNE 30, 2020		AT DEC. 31, 2019
Current	$	4,599	$	4,599
Non-current	$	83,933	$	84,529

Expense of the 401(k) Plan

Cleco’s 401(k) Plan expense for the three and six months ended June 30, 2020, and 2019 was as follows:

	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2020		2019		2020		2019
401(k) Plan expense	$	1,898	$	1,792	$	5,154	$	4,059

The expense of the 401(k) Plan related to Cleco’s other subsidiaries for the three and six months ended June 30, 2020, and 2019 was as follows:

	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2020		2019		2020		2019
401(k) Plan expense	$	832	$	821	$	2,495	$	1,752

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, 2020		AT DEC. 31, 2019
Current	$	3,815	$	3,815
Non-current	$	41,837	$	42,080

Cleco Power
(THOUSANDS)	AT JUNE 30, 2020		AT DEC. 31, 2019
Current	$	760	$	760
Non-current	$	13,769	$	13,964