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Revenue Recognition
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition
Note 4 — Revenue Recognition

Revenue from Contracts with Customers
On September 1, 2022, Cleco Power began billing and collecting a storm recovery surcharge from its retail customers.
This surcharge represents the recovery of costs incurred by Cleco Power as a result of Hurricanes Laura, Delta, Zeta, and Ida and Winter Storms Uri and Viola, as well as interest and associated expenses. Cleco Power remits the collected storm recovery surcharge to Cleco Securitization I to service Cleco Securitization I’s storm recovery bonds. The storm recovery surcharge will continue to be billed and collected from Cleco Power’s retail customers through the life of the Cleco Securitization I storm recovery bonds.

Disaggregated Revenue
Operating revenue, net for the three months ended March 31, 2023, and 2022 was as follows:
FOR THE THREE MONTHS ENDED MAR. 31, 2023
(THOUSANDS)CLECO POWEROTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)
$107,196 $— $— $107,196 
Commercial (1)
77,657 — — 77,657 
Industrial (1)
49,410 — — 49,410 
Other retail (1)
4,574 — — 4,574 
Electric customer credits(651)— — (651)
Total retail revenue238,186 — — 238,186 
Wholesale, net 56,683 
(1)
(2,420)
(2)
— 54,263 
Transmission12,530 — — 12,530 
Other 5,549 — — 5,549 
Affiliate (3)
1,688 27,514 (29,202)— 
Total revenue from contracts with customers314,636 25,094 (29,202)310,528 
Revenue unrelated to contracts with customers
Securitization9,226 — — 9,226 
Other 826 
(4)
1 — 827 
Total revenue unrelated to contracts with customers 10,052 1 — 10,053 
Operating revenue, net$324,688 $25,095 $(29,202)$320,581 
(1) Includes fuel recovery revenue.
(2) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements.
(3) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation.
(4) Realized gains associated with FTRs.
FOR THE THREE MONTHS ENDED MAR. 31, 2022
(THOUSANDS)CLECO POWEROTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)
$112,423 $— $— $112,423 
Commercial (1)
76,534 — — 76,534 
Industrial (1)
46,274 — — 46,274 
Other retail (1)
4,129 — — 4,129 
Electric customer credits(136)— — (136)
Total retail revenue239,224 — — 239,224 
Wholesale, net55,364 
(1)
(2,420)
(2)
— 52,944 
Transmission13,892 — — 13,892 
Other5,193 — — 5,193 
Affiliate (3)
1,459 27,393 (28,852)— 
Total revenue from contracts with customers315,132 24,973 (28,852)311,253 
Revenue unrelated to contracts with customers
Other1,372 
(4)
1 1 1,374 
Total revenue unrelated to contracts with customers 1,372 1 1 1,374 
Operating revenue, net$316,504 $24,974 $(28,851)$312,627 
(1) Includes fuel recovery revenue.
(2) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements.
(3) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation.
(4) Realized gains associated with FTRs.
Cleco and Cleco Power have unsatisfied performance obligations under contracts with electric cooperatives, retail customers, and municipalities with durations ranging between 2 and 12 years that primarily relate to stand-ready obligations as part of fixed capacity minimums. At March 31, 2023, Cleco and Cleco Power had $297.3 million of unsatisfied fixed performance obligations that will be recognized as revenue over the term of such contracts as the stand-ready obligation to provide energy is provided.