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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating revenue    
Electric operations $ 397,309 $ 366,245
Other operations 52,007 49,726
Affiliate revenue 0 0
Gross operating revenue 449,316 415,971
Electric customer credits (136) (20,976)
Operating revenue, net 449,180 394,995
Operating expenses    
Fuel used for electric generation (2,506) 55,820
Purchased power 115,828 144,702
Other operations and maintenance 68,143 72,112
Depreciation and amortization 69,088 54,947
Taxes other than income taxes 16,448 21,117
Total operating expenses 267,001 348,698
Operating income 182,179 46,297
Interest income 756 647
Allowance for equity funds used during construction 931 887
Other expense, net (190) (3,033)
Interest charges    
Interest charges, net 33,903 34,091
Allowance for borrowed funds used during construction (384) (200)
Total interest charges 33,519 33,891
Income before income taxes 150,157 10,907
Federal and state income tax benefit (5,587) (9,420)
Net income 155,744 20,327
CLECO POWER    
Operating revenue    
Electric operations 296,097 267,158
Other operations 19,084 18,626
Affiliate revenue 1,459 1,655
Gross operating revenue 316,640 287,439
Electric customer credits (136) (20,976)
Operating revenue, net 316,504 266,463
Operating expenses    
Fuel used for electric generation 100,582 45,210
Purchased power 50,410 79,033
Other operations and maintenance 48,729 53,565
Depreciation and amortization 45,239 42,076
Taxes other than income taxes 12,631 16,502
Total operating expenses 257,591 236,386
Operating income 58,913 30,077
Interest income 740 642
Allowance for equity funds used during construction 931 887
Other expense, net (2,035) (4,258)
Interest charges    
Interest charges, net 19,185 18,846
Allowance for borrowed funds used during construction (384) (200)
Total interest charges 18,801 18,646
Income before income taxes 39,748 8,702
Federal and state income tax benefit 724 (9,723)
Net income $ 39,024 $ 18,425