XML 61 R42.htm IDEA: XBRL DOCUMENT v3.23.1
Pension Plan and Employee Benefits (Tables)
3 Months Ended
Mar. 31, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Net Periodic Pension and Other Benefits Cost The components of net periodic pension and Other Benefits cost for the three months ended March 31, 2023, and 2022 were as follows:
PENSION BENEFITSOTHER BENEFITS
FOR THE THREE MONTHS ENDED MAR. 31,FOR THE THREE MONTHS ENDED MAR. 31,
(THOUSANDS)2023202220232022
Components of periodic benefit costs
Service cost$1,173 $2,047 $365 $546 
Interest cost6,606 4,960 566 368 
Expected return on plan assets(7,386)(6,177) — 
Amortizations
Net loss (gain) 3,085 (13)298 
Net periodic benefit cost$393 $3,915 $918 $1,212 
The components of the net periodic benefit cost related to SERP for the three months ended March 31, 2023, and 2022 were as follows:
FOR THE THREE MONTHS ENDED MAR. 31,
(THOUSANDS)20232022
Components of periodic benefit costs
Service cost $35 $57 
Interest cost901 670 
Amortizations
Prior period service credit(54)(54)
Net (gain) loss(15)262 
Net periodic benefit cost$867 $935 
Current and Non-Current Portions of Other Benefits Liability The current and non-current portions of the Other Benefits liability for Cleco and
Cleco Power at March 31, 2023, and December 31, 2022, were as follows:

Cleco
(THOUSANDS)AT MAR. 31, 2023AT DEC. 31, 2022
Current$5,017 $5,017 
Non-current$38,089 $38,366 
The current and non-current
portions of the SERP liability for Cleco and Cleco Power at March 31, 2023, and December 31, 2022, were as follows:

Cleco
(THOUSANDS)AT MAR. 31, 2023AT DEC. 31, 2022
Current$4,713 $4,713 
Non-current$63,561 $63,714 
Expense of the 401(k) Plan Cleco’s 401(k) Plan expense for the three months ended March 31, 2023, and 2022 was as follows:
 FOR THE THREE MONTHS ENDED MAR. 31,
(THOUSANDS)20232022
401(k) Plan expense
$2,154 $2,179 
The expense of the 401(k) Plan related to Cleco’s other subsidiaries for the three months ended March 31, 2023, and 2022 was as follows:
 FOR THE THREE MONTHS ENDED MAR. 31,
(THOUSANDS)20232022
401(k) Plan expense
$902 $910 
CLECO POWER  
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]  
Current and Non-Current Portions of Other Benefits Liability
Cleco Power
(THOUSANDS)AT MAR. 31, 2023AT DEC. 31, 2022
Current$4,310 $4,310 
Non-current$29,846 $30,082 
Cleco Power
(THOUSANDS)AT MAR. 31, 2023AT DEC. 31, 2022
Current$672 $672 
Non-current$8,997 $9,087