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Cleco 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
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
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 917 13,111 35,718
Net income $ 188,811 $ 194,966 $ 122,300