XML 123 R107.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes - Effective Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Effective Income Tax Rate [Line Items]      
Income before tax $ 189,728 $ 208,077 $ 158,018
Statutory rate 21.00% 21.00% 21.00%
Tax expense at federal statutory rate $ 39,843 $ 43,696 $ 33,184
Increase (decrease)      
Flowthrough of tax benefits (12,272) (356) 5,100
State income taxes, net of federal benefit 12,177 9,619 7,190
Return to accrual adjustment 128 (3,862) 7,218
Permanent adjustments (6,578) (91) (33)
Amortization of excess ADIT (32,639) (37,254) (16,667)
Other, net 258 1,359 (274)
Total tax expense $ 917 $ 13,111 $ 35,718
Effective rate 0.50% 6.30% 22.60%
CLECO POWER      
Effective Income Tax Rate [Line Items]      
Income before tax $ 172,560 $ 124,735 $ 123,454
Statutory rate 21.00% 21.00% 21.00%
Tax expense at federal statutory rate $ 36,238 $ 26,194 $ 25,925
Increase (decrease)      
Flowthrough of tax benefits (12,272) (356) 5,100
State income taxes, net of federal benefit 12,109 6,343 6,303
Return to accrual adjustment 14 (3,831) 7,082
Amortization of excess ADIT (32,639) (37,254) (16,667)
Other, net (947) (449) (944)
Total tax expense $ 2,503 $ (9,353) $ 26,799
Effective rate 1.50% (7.50%) 21.70%