Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2021

Operating revenue, net for the three months ended March 31, 2021, and 2020, was as follows:


	FOR THE THREE MONTHS ENDED MAR. 31, 2021
(THOUSANDS)	CLECO POWER			CLECO CAJUN			OTHER			ELIMINATIONS		TOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)	$	95,081		$	—		$	—		$	—	$	95,081
Commercial (1)	63,026			—			—			—		63,026
Industrial (1)	36,666			—			—			—		36,666
Other retail (1)	3,570			—			—			—		3,570

Electric customer credits	(20,976)			—			—			—		(20,976)
Total retail revenue	177,367			—			—			—		177,367
Wholesale, net	61,722		(1)	101,507			(2,420)		(2)	—		160,809
Transmission, net	13,982			15,257			—			(1,940)		27,299
Other	4,642			—			—			—		4,642
Affiliate (3)	1,655			—			27,156			(28,811)		—
Total revenue from contracts with customers	259,368			116,764			24,736			(30,751)		370,117
Revenue unrelated to contracts with customers
Other	7,095		(4)	17,782		(5)	1			—		24,878
Total revenue unrelated to contracts with customers	7,095			17,782			1			—		24,878
Operating revenue, net	$	266,463		$	134,546		$	24,737		$	(30,751)	$	394,995

(1) Includes fuel recovery revenue.

(2) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements.

(3) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation.

(4) Represents realized gains associated with FTRs.

(5) Includes $15.5 million in lease revenue related to the Cottonwood Sale Leaseback and $2.3 million of deferred lease revenue amortization.


	FOR THE THREE MONTHS ENDED MAR. 31, 2020
(THOUSANDS)	CLECO POWER			CLECO CAJUN			OTHER			ELIMINATIONS		TOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)	$	81,571		$	—		$	—		$	—	$	81,571
Commercial (1)	61,110			—			—			—		61,110
Industrial (1)	32,210			—			—			—		32,210
Other retail (1)	3,461			—			—			—		3,461
Surcharge	2,443			—			—			—		2,443
Electric customer credits	(8,340)			—			—			—		(8,340)
Total retail revenue	172,455			—			—			—		172,455
Wholesale, net	42,229		(1)	89,147			(2,420)		(2)	—		128,956
Transmission, net	12,069			12,931		(3)	—			(1,818)		23,182
Other	3,695			—			1			—		3,696
Affiliate (4)	1,106			161			29,278			(30,545)		—
Total revenue from contracts with customers	231,554			102,239			26,859			(32,363)		328,289
Revenue unrelated to contracts with customers
Other	1,406		(5)	17,877		(6)	—			—		19,283
Total revenue unrelated to contracts with customers	1,406			17,877			—			—		19,283
Operating revenue, net	$	232,960		$	120,116		$	26,859		$	(32,363)	$	347,572

(1) Includes fuel recovery revenue.

(2) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements.

(3) Includes $0.2 million of electric customer credits.

(4) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation.

(5) Represents realized gains associated with FTRs.

(6) Includes $15.6 million in lease revenue related to the Cottonwood Sale Leaseback and $2.3 million of deferred lease revenue amortization.