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Revenue Recognition
 9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenue Recognition
Note 4 — Revenue Recognition
Operating revenue, net for the three and nine months ended September 30, 2021, and 2020, was as follows:

FOR THE THREE MONTHS ENDED SEPT. 30, 2021
(THOUSANDS)CLECO POWERCLECO CAJUNOTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)
$148,522 $— $— $— $148,522 
Commercial (1)
82,711 — — — 82,711 
Industrial (1)
45,446 — — — 45,446 
Other retail (1)
4,479 — — — 4,479 
Electric customer credits(764)— — — (764)
Total retail revenue280,394 — — — 280,394 
Wholesale, net 74,831 
(1)
107,501 (2,420)
(2)
— 179,912 
Transmission, net17,235 
(3)
17,903 — (2,217)32,921 
Other 5,618 — — — 5,618 
Affiliate (4)
1,380 — 32,116 (33,496)— 
Total revenue from contracts with customers379,458 125,404 29,696 (35,713)498,845 
Revenue unrelated to contracts with customers
Other 1,094 
(5)
17,254 
(6)
1 — 18,349 
Total revenue unrelated to contracts with customers 1,094 17,254 1 — 18,349 
Operating revenue, net$380,552 $142,658 $29,697 $(35,713)$517,194 
(1) Includes fuel recovery revenue.
(2) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements.
(3) Includes $0.1 million of electric customer credits.
(4) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation.
(5) Realized gains associated with FTRs.
(6) Includes $14.9 million in lease revenue related to the Cottonwood Sale Leaseback and $2.3 million of deferred lease revenue amortization.

FOR THE THREE MONTHS ENDED SEPT. 30, 2020
(THOUSANDS)CLECO POWERCLECO CAJUNOTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)
$128,981 $— $— $— $128,981 
Commercial (1)
68,220 — — — 68,220 
Industrial (1)
32,809 — — — 32,809 
Other retail (1)
3,614 — — — 3,614 
Electric customer credits(16,534)— — — (16,534)
Total retail revenue217,090 — — — 217,090 
Wholesale, net52,216 
(1)
99,956 (2,420)
(2)
— 149,752 
Transmission, net14,656 13,818 — (1,510)26,964 
Other3,118 — — — 3,118 
Affiliate (3)
1,506 — 35,522 (37,028)— 
Total revenue from contracts with customers288,586 113,774 33,102 (38,538)396,924 
Revenue unrelated to contracts with customers
Other3,013 
(4)
17,513 
(5)
1 — 20,527 
Total revenue unrelated to contracts with customers 3,013 17,513 1 — 20,527 
Operating revenue, net$291,599 $131,287 $33,103 $(38,538)$417,451 
(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) Realized gains associated with FTRs.
(5) Includes $15.2 million in lease revenue related to the Cottonwood Sale Leaseback and $2.3 million of deferred lease revenue amortization.
FOR THE NINE MONTHS ENDED SEPT. 30, 2021
(THOUSANDS)CLECO POWERCLECO CAJUNOTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)
$348,918 $— $— $— $348,918 
Commercial (1)
214,129 — — — 214,129 
Industrial (1)
119,497 — — — 119,497 
Other retail (1)
11,925 — — — 11,925 
Electric customer credits(40,794)— — — (40,794)
Total retail revenue653,675 — — — 653,675 
Wholesale, net 182,769 
(1)
300,415 (7,260)
(2)
— 475,924 
Transmission, net44,530 
(3)
46,733 
(4)
— (5,752)85,511 
Other 13,509 — — (1)13,508 
Affiliate (5)
4,259 — 85,392 (89,651)— 
Total revenue from contracts with customers898,742 347,148 78,132 (95,404)1,228,618 
Revenue unrelated to contracts with customers
Other 9,953 
(6)
52,362 
(7)
4 — 62,319 
Total revenue unrelated to contracts with customers 9,953 52,362 4 — 62,319 
Operating revenue, net$908,695 $399,510 $78,136 $(95,404)$1,290,937 
(1) Includes fuel recovery revenue.
(2) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements.
(3) Includes $0.4 million of electric customer credits.
(4) Includes $0.2 million of electric customer credits.
(5) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation.
(6) Realized gains associated with FTRs.
(7) Includes $45.4 million in lease revenue related to the Cottonwood Sale Leaseback and $6.9 million of deferred lease revenue amortization.

FOR THE NINE MONTHS ENDED SEPT. 30, 2020
(THOUSANDS)CLECO POWERCLECO CAJUNOTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)
$308,525 $— $— $— $308,525 
Commercial (1)
190,905 — — — 190,905 
Industrial (1)
94,227 — — — 94,227 
Other retail (1)
10,416 — — — 10,416 
Surcharge2,440 — — — 2,440 
Electric customer credits(33,219)— — — (33,219)
Total retail revenue573,294 — — — 573,294 
Wholesale, net140,139 
(1)
273,836 (7,260)
(2)
— 406,715 
Transmission, net38,273 
(3)
39,880 
(4)
— (4,966)73,187 
Other10,416 — — 1 10,417 
Affiliate (5)
3,852 204 93,938 (97,994)— 
Total revenue from contracts with customers765,974 313,920 86,678 (102,959)1,063,613 
Revenue unrelated to contracts with customers
Other6,272 
(6)
52,895 
(7)
2 — 59,169 
Total revenue unrelated to contracts with customers 6,272 52,895 2 — 59,169 
Operating revenue, net$772,246 $366,815 $86,680 $(102,959)$1,122,782 
(1) Includes fuel recovery revenue.
(2) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements.
(3) Includes $0.8 million of electric customer credits.
(4) Includes $0.2 million of electric customer credits.
(5) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation.
(6) Realized gains associated with FTRs.
(7) Includes $46.0 million in lease revenue related to the Cottonwood Sale Leaseback and $6.9 million of deferred lease revenue amortization.
Cleco and Cleco Power have unsatisfied performance obligations under contracts with cooperatives and municipalities with durations ranging between 1 and 14 years that primarily relate to stand-ready obligations as part of fixed capacity minimums. At September 30, 2021, Cleco and Cleco Power had $65.7 million of unsatisfied fixed performance obligations that will be recognized as revenue over the term of such contracts as the stand-ready obligation to provide energy is provided.