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Revenue Recognition
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2023, and 2022 was as follows:
FOR THE THREE MONTHS ENDED JUNE 30, 2023
(THOUSANDS)CLECO POWEROTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)
$103,144 $— $— $103,144 
Commercial (1)
68,067 — — 68,067 
Industrial (1)
37,615 — — 37,615 
Other retail (1)
4,070 — — 4,070 
Electric customer credits(736)— — (736)
Total retail revenue212,160 — — 212,160 
Wholesale, net 48,481 
(1)
(2,387)
(2)
— 46,094 
Transmission13,955 — — 13,955 
Other 4,551 — — 4,551 
Affiliate (3)
1,635 28,902 (30,537)— 
Total revenue from contracts with customers280,782 26,515 (30,537)276,760 
Revenue unrelated to contracts with customers
Securitization6,236 — — 6,236 
Other 1,798 
(4)
1 — 1,799 
Total revenue unrelated to contracts with customers 8,034 1 — 8,035 
Operating revenue, net$288,816 $26,516 $(30,537)$284,795 
(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 JUNE 30, 2022
(THOUSANDS)CLECO POWEROTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)
$131,813 $— $— $131,813 
Commercial (1)
84,336 — — 84,336 
Industrial (1)
50,188 — — 50,188 
Other retail (1)
4,297 — — 4,297 
Electric customer credits(129)— — (129)
Total retail revenue270,505 — — 270,505 
Wholesale, net91,934 
(1)
(2,420)
(2)
— 89,514 
Transmission13,688 — — 13,688 
Other4,998 — — 4,998 
Affiliate (3)
1,628 25,752 (27,380)— 
Total revenue from contracts with customers382,753 23,332 (27,380)378,705 
Revenue unrelated to contracts with customers
Other6,046 
(4)
2 — 6,048 
Total revenue unrelated to contracts with customers 6,046 2 — 6,048 
Operating revenue, net$388,799 $23,334 $(27,380)$384,753 
(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 SIX MONTHS ENDED JUNE 30, 2023
(THOUSANDS)CLECO POWEROTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)
$210,340 $— $— $210,340 
Commercial (1)
145,724 — — 145,724 
Industrial (1)
87,025 — — 87,025 
Other retail (1)
8,644 — — 8,644 
Electric customer credits(1,386)— — (1,386)
Total retail revenue450,347 — — 450,347 
Wholesale, net 105,164 
(1)
(4,807)
(2)
— 100,357 
Transmission, net26,485 — — 26,485 
Other 10,100 — — 10,100 
Affiliate (3)
3,323 56,416 (59,739)— 
Total revenue from contracts with customers595,419 51,609 (59,739)587,289 
Revenue unrelated to contracts with customers
Securitization15,462 — — 15,462 
Other 2,624 
(4)
2 — 2,626 
Total revenue unrelated to contracts with customers 18,086 2 — 18,088 
Operating revenue, net$613,505 $51,611 $(59,739)$605,377 
(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 SIX MONTHS ENDED JUNE 30, 2022
(THOUSANDS)CLECO POWEROTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential (1)
$244,236 $— $— $244,236 
Commercial (1)
160,870 — — 160,870 
Industrial (1)
96,462 — — 96,462 
Other retail (1)
8,426 — — 8,426 
Electric customer credits(265)— — (265)
Total retail revenue509,729 — — 509,729 
Wholesale, net147,298 
(1)
(4,840)
(2)
— 142,458 
Transmission, net27,580 
(4)
— — 27,580 
Other10,191 1 — 10,192 
Affiliate (6)
3,087 53,145 (56,232)— 
Total revenue from contracts with customers697,885 48,306 (56,232)689,959 
Revenue unrelated to contracts with customers
Other7,419 
(4)
2 — 7,421 
Total revenue unrelated to contracts with customers 7,419 2 — 7,421 
Operating revenue, net$705,304 $48,308 $(56,232)$697,380 
(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 June 30, 2023, Cleco and Cleco Power had $300.1 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.