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Cleco Power Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenue    
Electric operations $ 293,928 $ 293,677
Other operations 27,304 19,086
Affiliate revenue 0 0
Gross operating revenue 321,232 312,763
Electric customer credits (651) (136)
Operating revenue, net 320,581 312,627
Operating expenses    
Fuel used for electric generation 118,611 100,582
Purchased power 40,438 50,410
Other operations and maintenance 57,518 52,163
Depreciation and amortization 52,789 47,198
Taxes other than income taxes 16,787 13,371
Total operating expenses 286,143 263,724
Operating income 34,438 48,903
Interest income 1,267 743
Allowance for equity funds used during construction 1,231 931
Other income (expense), net 536 (277)
Interest charges    
Interest charges, net 40,005 33,025
Allowance for borrowed funds used during construction (517) (384)
Total interest charges 39,488 32,641
(Loss) income from continuing operations before income taxes (2,016) 17,659
Federal and state income tax benefit (165) (7,533)
Net (loss) income (104,022) 155,744
CLECO POWER    
Operating revenue    
Electric operations 296,348 296,097
Other operations 27,303 19,084
Affiliate revenue 1,688 1,459
Gross operating revenue 325,339 316,640
Electric customer credits (651) (136)
Operating revenue, net 324,688 316,504
Operating expenses    
Fuel used for electric generation 118,611 100,582
Purchased power 40,438 50,410
Other operations and maintenance 53,988 48,729
Depreciation and amortization 50,733 45,239
Taxes other than income taxes 15,995 12,631
Total operating expenses 279,765 257,591
Operating income 44,923 58,913
Interest income 1,185 740
Allowance for equity funds used during construction 1,231 931
Other income (expense), net 1,306 (2,035)
Interest charges    
Interest charges, net 24,855 19,185
Allowance for borrowed funds used during construction (517) (384)
Total interest charges 24,338 18,801
(Loss) income from continuing operations before income taxes 24,307 39,748
Federal and state income tax benefit 1,490 724
Net (loss) income $ 22,817 $ 39,024