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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating revenue      
Electric operations $ 1,370,893 $ 1,496,736 $ 1,181,907
Other operations 180,524 182,832 82,332
Affiliate revenue 0 0 0
Gross operating revenue 1,551,417 1,679,568 1,264,239
Electric customer credits (53,271) (39,963) (33,195)
Operating revenue, net 1,498,146 1,639,605 1,231,044
Operating expenses      
Fuel used for electric generation 326,869 466,831 382,556
Purchased power 282,255 280,991 168,180
Other operations and maintenance 299,640 291,031 197,032
Depreciation and amortization 219,363 216,320 170,414
Taxes other than income taxes 61,321 61,870 48,791
Merger transaction and commitment costs 3,606 7,668 19,514
Total operating expenses 1,193,054 1,324,711 986,487
Operating income 305,092 314,894 244,557
Interest income 3,948 6,090 6,073
Allowance for equity funds used during construction 998 15,397 14,159
Other (expense) income, net (14,156) 758 (14,328)
Interest charges      
Interest charges, net 139,272 147,346 131,348
Allowance for borrowed funds used during construction (1,408) (6,037) (4,706)
Total interest charges 137,864 141,309 126,642
Income before income taxes 158,018 195,830 123,819
Federal and state income tax expense 35,718 43,165 29,382
Net income 122,300 152,665 94,437
CLECO POWER      
Operating revenue      
Electric operations 1,015,018 1,130,928 1,191,587
Other operations 65,237 72,833 82,330
Affiliate revenue 5,156 3,125 874
Gross operating revenue 1,085,411 1,206,886 1,274,791
Electric customer credits (53,119) (38,516) (33,195)
Operating revenue, net 1,032,292 1,168,370 1,241,596
Operating expenses      
Fuel used for electric generation 293,492 385,317 382,556
Purchased power 100,698 111,208 168,180
Other operations and maintenance 221,146 207,164 202,552
Depreciation and amortization 166,987 172,471 162,069
Taxes other than income taxes 44,631 43,742 47,267
Total operating expenses 826,954 919,902 962,624
Operating income 205,338 248,468 278,972
Interest income 3,362 4,744 5,052
Allowance for equity funds used during construction 998 15,397 14,159
Other (expense) income, net (12,259) (3,616) (8,699)
Interest charges      
Interest charges, net 75,393 77,316 76,009
Allowance for borrowed funds used during construction (1,408) (6,037) (4,706)
Total interest charges 73,985 71,279 71,303
Income before income taxes 123,454 193,714 218,181
Federal and state income tax expense 26,799 45,452 55,924
Net income $ 96,655 $ 148,262 $ 162,257