Pension Plan and Employee Benefits (Tables)

6 Months Ended

Jun. 30, 2021

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, 2021, and 2020 were as follows:

	PENSION BENEFITS				OTHER BENEFITS
	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE THREE MONTHS ENDED JUNE 30,
(THOUSANDS)	2021		2020		2021		2020
Components of periodic benefit costs
Service cost	$	2,730	$	2,582	$	595	$	508
Interest cost	4,719		5,278		323		410
Expected return on plan assets	(5,698)		(6,242)		—		—
Amortizations
Prior period service credit	—		(15)		—		—
Net loss	5,607		4,477		384		340
Net periodic benefit cost	$	7,358	$	6,080	$	1,302	$	1,258

	PENSION BENEFITS				OTHER BENEFITS
	FOR THE SIX MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2021		2020		2021		2020
Components of periodic benefit costs
Service cost	$	5,258	$	4,910	$	1,190	$	1,015
Interest cost	9,334		10,408		645		820
Expected return on plan assets	(11,400)		(12,487)		—		—
Amortizations
Prior period service credit	—		(30)		—		—
Net loss	10,369		8,149		770		680
Net periodic benefit cost	$	13,561	$	10,950	$	2,605	$	2,515

The components of the net periodic benefit cost related to SERP for the three and six months ended June 30, 2021, and 2020 were as follows:

	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2021		2020		2021		2020
Components of periodic benefit costs
Service cost	$	61	$	105	$	116	$	200
Interest cost	644		734		1,269		1,466
Amortizations
Prior period service credit	(55)		(67)		(107)		(107)
Net (gain) loss	(401)		835		613		1,592
Net periodic benefit cost	$	249	$	1,607	$	1,891	$	3,151

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, 2021, and December 31, 2020, were as follows:

Cleco
(THOUSANDS)	AT JUNE 30, 2021		AT DEC. 31, 2020
Current	$	4,463	$	4,463
Non-current	$	51,522	$	51,868

The current and non-current portions of the SERP liability for Cleco and Cleco Power at June 30, 2021, and December 31, 2020, were as follows:

Cleco
(THOUSANDS)	AT JUNE 30, 2021		AT DEC. 31, 2020
Current	$	4,703	$	4,703
Non-current	$	91,355	$	92,522

Expense of the 401(k) Plan

Cleco’s 401(k) Plan expense for the three and six months ended June 30, 2021, and 2020 was as follows:

	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2021		2020		2021		2020
401(k) Plan expense	$	2,120	$	1,898	$	4,880	$	5,154

The expense of the 401(k) Plan related to Cleco’s other subsidiaries for the three and six months ended June 30, 2021, and 2020 was as follows:

	FOR THE THREE MONTHS  ENDED JUNE 30,				FOR THE SIX MONTHS  ENDED JUNE 30,
(THOUSANDS)	2021		2020		2021		2020
401(k) Plan expense	$	946	$	832	$	2,326	$	2,495

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, 2021		AT DEC. 31, 2020
Current	$	3,865	$	3,865
Non-current	$	40,449	$	40,734

Cleco Power
(THOUSANDS)	AT JUNE 30, 2021		AT DEC. 31, 2020
Current	$	711	$	711
Non-current	$	19,364	$	19,828