XML 47 R32.htm IDEA: XBRL DOCUMENT v3.22.1
Pension Plan and Employee Benefits (Tables)
 3 Months Ended
Mar. 31, 2022
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 months ended March 31, 2022, and 2021 were as follows:
PENSION BENEFITSOTHER BENEFITS
FOR THE THREE MONTHS ENDED MAR. 31,FOR THE THREE MONTHS ENDED MAR. 31,
(THOUSANDS)2022202120222021
Components of periodic benefit costs
Service cost$2,150 $2,528 $551 $595 
Interest cost4,960 4,615 371 323 
Expected return on plan assets(6,177)(5,703)— — 
Amortizations
Net loss3,085 4,763 303 384 
Net periodic benefit cost$4,018 $6,203 $1,225 $1,302 
The components of the net periodic benefit cost related to SERP for the three months ended March 31, 2022, and 2021 were as follows:
FOR THE THREE MONTHS ENDED MAR. 31,
(THOUSANDS)20222021
Components of periodic benefit costs
Service cost $57 $55 
Interest cost670 625 
Amortizations
Prior period service credit(54)(53)
Net loss262 1,016 
Net periodic benefit cost$935 $1,643 
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 March 31, 2022, and December 31, 2021, were as follows:
Cleco
(THOUSANDS)AT MAR. 31, 2022AT DEC. 31, 2021
Current$5,181 $5,181 
Non-current$49,605 $50,093 
The current and non-current portions of the SERP liability for Cleco and Cleco Power at March 31, 2022, and December 31, 2021, were as follows:
Cleco
(THOUSANDS)AT MAR. 31, 2022AT DEC. 31, 2021
Current$4,654 $4,654 
Non-current$88,082 $88,523 
Expense of the 401(k) Plan Cleco’s 401(k) Plan expense for the three months ended March 31, 2022, and 2021 was as follows:
 FOR THE THREE MONTHS ENDED MAR. 31,
(THOUSANDS)20222021
401(k) Plan expense
$2,591 $2,759 
The expense of the 401(k) Plan related to Cleco’s other subsidiaries for the three months ended March 31, 2022, and 2021 was as follows:
 FOR THE THREE MONTHS ENDED MAR. 31,
(THOUSANDS)20222021
401(k) Plan expense
$1,322 $1,380 
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 MAR. 31, 2022AT DEC. 31, 2021
Current$4,432 $4,432 
Non-current$38,943 $39,315 
Cleco Power
(THOUSANDS)AT MAR. 31, 2022AT DEC. 31, 2021
Current$679 $679 
Non-current$12,788 $12,909