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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating revenue        
Electric operations $ 386,388 $ 451,902 $ 1,019,501 $ 1,130,318
Other operations 47,597 49,780 137,407 131,544
Affiliate revenue 0 0 0 0
Gross operating revenue 433,985 501,682 1,156,908 1,261,862
Electric customer credits (16,534) (13,711) (34,126) (31,832)
Operating revenue, net 417,451 487,971 1,122,782 1,230,030
Operating expenses        
Fuel used for electric generation 74,142 141,722 218,643 354,921
Purchased power 82,690 85,176 208,515 213,912
Other operations and maintenance 71,131 82,913 217,693 208,608
Depreciation and amortization 52,892 57,004 162,852 158,395
Taxes other than income taxes 14,660 17,611 45,233 47,081
Merger transaction and commitment costs 184 2,006 3,234 7,792
Total operating expenses 295,699 386,432 856,170 990,709
Operating income 121,752 101,539 266,612 239,321
Interest income 910 1,690 2,964 4,456
Allowance for equity funds used during construction 144 3,619 197 14,825
Other (expense) income, net (3,374) (1,363) (15,827) 292
Interest charges        
Interest charges, net 34,349 37,412 104,700 111,426
Allowance for borrowed funds used during construction (289) (1,580) (777) (5,755)
Total interest charges 34,060 35,832 103,923 105,671
Income before income taxes 85,372 69,653 150,023 153,223
Federal and state income tax expense 25,075 14,088 40,230 32,355
Net income 60,297 55,565 109,793 120,868
CLECO POWER        
Operating revenue        
Electric operations 288,852 339,869 752,925 862,969
Other operations 17,775 18,485 49,443 53,318
Affiliate revenue 1,506 334 3,852 971
Gross operating revenue 308,133 358,688 806,220 917,258
Electric customer credits (16,534) (13,711) (33,974) (30,565)
Operating revenue, net 291,599 344,977 772,246 886,693
Operating expenses        
Fuel used for electric generation 80,148 116,831 205,276 297,197
Purchased power 32,096 34,908 74,737 83,048
Other operations and maintenance 52,595 57,718 164,207 148,330
Depreciation and amortization 40,268 44,903 125,541 126,610
Taxes other than income taxes 11,408 12,485 33,132 33,023
Total operating expenses 216,515 266,845 602,893 688,208
Operating income 75,084 78,132 169,353 198,485
Interest income 789 1,421 2,498 3,281
Allowance for equity funds used during construction 144 3,619 197 14,825
Other (expense) income, net (3,408) (1,231) (9,498) (2,091)
Interest charges        
Interest charges, net 18,730 19,563 56,401 58,253
Allowance for borrowed funds used during construction (289) (1,580) (777) (5,755)
Total interest charges 18,441 17,983 55,624 52,498
Income before income taxes 54,168 63,958 106,926 162,002
Federal and state income tax expense 18,076 12,431 30,770 34,407
Net income $ 36,092 $ 51,527 $ 76,156 $ 127,595