XML 18 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating revenue    
Electric operations $ 366,245 $ 311,157
Other operations 49,726 44,908
Affiliate revenue 0 0
Gross operating revenue 415,971 356,065
Electric customer credits (20,976) (8,493)
Operating revenue, net 394,995 347,572
Operating expenses    
Fuel used for electric generation 55,820 76,637
Purchased power 144,702 66,320
Other operations and maintenance 72,165 74,766
Depreciation and amortization 54,947 55,873
Taxes other than income taxes 21,117 16,536
Merger transaction and commitment costs (53) 2,775
Total operating expenses 348,698 292,907
Operating income 46,297 54,665
Interest income 647 1,157
Allowance for equity funds used during construction 887 (74)
Other expense, net (3,033) (12,709)
Interest charges    
Interest charges, net 34,091 35,328
Allowance for borrowed funds used during construction (200) (179)
Total interest charges 33,891 35,149
Income before income taxes 10,907 7,890
Federal and state income tax (benefit) expense (9,420) 1,562
Net income 20,327 6,328
CLECO POWER    
Operating revenue    
Electric operations 267,158 224,430
Other operations 18,626 15,764
Affiliate revenue 1,655 1,106
Gross operating revenue 287,439 241,300
Electric customer credits (20,976) (8,340)
Operating revenue, net 266,463 232,960
Operating expenses    
Fuel used for electric generation 45,210 61,064
Purchased power 79,033 23,462
Other operations and maintenance 53,565 56,944
Depreciation and amortization 42,076 43,677
Taxes other than income taxes 16,502 12,276
Total operating expenses 236,386 197,423
Operating income 30,077 35,537
Interest income 642 954
Allowance for equity funds used during construction 887 (74)
Other expense, net (4,258) (2,667)
Interest charges    
Interest charges, net 18,846 18,760
Allowance for borrowed funds used during construction (200) (179)
Total interest charges 18,646 18,581
Income before income taxes 8,702 15,169
Federal and state income tax (benefit) expense (9,723) 3,338
Net income $ 18,425 $ 11,831