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Cleco Power Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating revenue      
Electric operations $ 2,009,427 $ 1,590,796 $ 1,370,893
Other operations 237,379 195,767 180,524
Affiliate revenue 0 0 0
Gross operating revenue 2,246,806 1,786,563 1,551,417
Electric customer credits (7,674) (40,634) (53,271)
Operating revenue, net 2,239,132 1,745,929 1,498,146
Operating expenses      
Fuel used for electric generation 599,410 349,227 326,869
Purchased power 656,776 444,905 282,255
Other operations and maintenance 300,785 304,996 303,246
Depreciation and amortization 256,138 237,415 219,363
Taxes other than income taxes 70,295 64,509 61,321
Regulatory disallowance 13,841 0 0
Total operating expenses 1,897,245 1,401,052 1,193,054
Operating income 341,887 344,877 305,092
Less: Interest income 6,372 3,312 3,948
Allowance for equity funds used during construction 3,740 9,905 998
Other expense, net (11,113) (15,681) (14,156)
Interest charges      
Interest charges, net 152,975 137,050 139,272
Allowance for borrowed funds used during construction (1,817) (2,714) (1,408)
Total interest charges 151,158 134,336 137,864
Income before income taxes 189,728 208,077 158,018
Federal and state income tax expense (benefit) 917 13,111 35,718
Net income 188,811 194,966 122,300
Cleco Power      
Operating revenue      
Electric operations 1,523,066 1,202,249 1,015,018
Other operations 98,759 74,625 65,237
Affiliate revenue 6,377 5,641 5,156
Gross operating revenue 1,628,202 1,282,515 1,085,411
Electric customer credits (7,674) (40,878) (53,119)
Operating revenue, net 1,620,528 1,241,637 1,032,292
Operating expenses      
Fuel used for electric generation 610,737 396,279 293,492
Purchased power 286,756 194,818 100,698
Other operations and maintenance 216,851 223,257 221,146
Depreciation and amortization 178,231 173,498 166,987
Taxes other than income taxes 55,075 49,598 44,631
Regulatory disallowance 13,841 0 0
Total operating expenses 1,361,491 1,037,450 826,954
Operating income 259,037 204,187 205,338
Less: Interest income 5,082 3,294 3,362
Allowance for equity funds used during construction 3,740 9,905 998
Other expense, net (7,081) (19,561) (12,259)
Interest charges      
Interest charges, net 90,035 75,804 75,393
Allowance for borrowed funds used during construction (1,817) (2,714) (1,408)
Total interest charges 88,218 73,090 73,985
Income before income taxes 172,560 124,735 123,454
Federal and state income tax expense (benefit) 2,503 (9,353) 26,799
Net income $ 170,057 $ 134,088 $ 96,655