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Cleco Power Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenue        
Electric operations $ 260,789 $ 366,194 $ 554,717 $ 659,871
Other operations 24,742 18,688 52,046 37,774
Affiliate revenue 0 0 0 0
Gross operating revenue 285,531 384,882 606,763 697,645
Electric customer credits (736) (129) (1,386) (265)
Operating revenue, net 284,795 384,753 605,377 697,380
Operating expenses        
Fuel used for electric generation 62,800 149,658 181,411 250,239
Purchased power 40,845 51,412 81,283 101,822
Other operations and maintenance 60,754 55,856 118,275 108,022
Depreciation and amortization 45,768 46,253 98,557 93,451
Taxes other than income taxes 15,249 12,307 32,036 25,677
Total operating expenses 225,416 315,486 511,562 579,211
Operating income 59,379 69,267 93,815 118,169
Interest income 673 1,066 1,940 1,809
Allowance for equity funds used during construction 1,574 808 2,806 1,740
Other income (expense), net (789) (8,470) (252) (8,747)
Interest charges        
Interest charges, net 41,317 35,501 81,322 68,525
Allowance for borrowed funds used during construction (549) (354) (1,066) (737)
Total interest charges 40,768 35,147 80,256 67,788
Income from continuing operations before income taxes 20,069 27,524 18,053 45,183
Federal and state income tax expense (2,989) (3,577) (3,154) (11,110)
Net (loss) income 47,330 1,363 (56,692) 157,107
CLECO POWER        
Operating revenue        
Electric operations 263,176 368,614 559,524 664,711
Other operations 24,741 18,686 52,044 37,771
Affiliate revenue 1,635 1,628 3,323 3,087
Gross operating revenue 289,552 388,928 614,891 705,569
Electric customer credits (736) (129) (1,386) (265)
Operating revenue, net 288,816 388,799 613,505 705,304
Operating expenses        
Fuel used for electric generation 62,800 149,658 181,411 250,239
Purchased power 40,845 51,412 81,283 101,822
Other operations and maintenance 57,386 52,277 111,377 101,006
Depreciation and amortization 43,722 44,299 94,454 89,538
Taxes other than income taxes 14,342 11,547 30,337 24,178
Total operating expenses 219,095 309,193 498,862 566,783
Operating income 69,721 79,606 114,643 138,521
Interest income 579 1,035 1,764 1,775
Allowance for equity funds used during construction 1,574 808 2,806 1,740
Other income (expense), net (1,005) (2,225) 301 (4,261)
Interest charges        
Interest charges, net 24,732 21,659 49,587 40,845
Allowance for borrowed funds used during construction (549) (354) (1,066) (737)
Total interest charges 24,183 21,305 48,521 40,108
Income from continuing operations before income taxes 46,686 57,919 70,993 97,667
Federal and state income tax expense 3,247 3,214 4,737 3,938
Net (loss) income $ 43,439 $ 54,705 $ 66,256 $ 93,729