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Segment Disclosures (Tables)
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information The financial results in the following tables are presented on an accrual basis. EBITDA is a key non-GAAP financial measure used by the CEO to assess the operating performance of Cleco’s segment. Management evaluates the performance of Cleco’s segment and allocates resources to it based on segment profit and the requirements to implement strategic initiatives and projects to meet current business objectives. EBITDA is defined as net income adjusted for interest, income taxes, depreciation, and amortization. Depreciation and amortization in the following tables includes amortization of intangible assets recorded for the fair value adjustment of wholesale power supply agreements as a result of the 2016 Merger. Material intercompany transactions occur on a regular basis. These intercompany transactions relate primarily to joint and common administrative support services.
Segment Information
FOR THE THREE MONTHS ENDED SEPT. 30, 2023 (THOUSANDS)
CLECO POWER
Revenue 
Electric operations$364,161 
Other operations31,984 
Affiliate revenue1,645 
Electric customer credits24 
Operating revenue, net$397,814 
Net income $90,914 
Add: Depreciation and amortization48,012 
Less: Interest income1,215 
Add: Interest charges24,921 
Add: Federal and state income tax benefit
(552)
EBITDA$162,080 

FOR THE THREE MONTHS ENDED SEPT. 30, 2023 (THOUSANDS)
CLECO POWEROTHERELIMINATIONSTOTAL
Revenue
Electric operations$364,161 $(2,323)$— $361,838 
Other operations31,984 — — 31,984 
Affiliate revenue1,645 30,253 (31,898)— 
Electric customer credits24 — — 24 
Operating revenue, net$397,814 $27,930 $(31,898)$393,846 
Depreciation and amortization$48,012 $4,365 
(1)
$1 $52,378 
Interest income$1,215 $81 $(13)$1,283 
Interest charges$24,921 $17,125 $(12)$42,034 
Federal and state income tax expense (benefit)
$(552)$(245,942)$— $(246,494)
Income from continuing operations, net of income taxes
$90,914 $207,927 $— $298,841 
Loss from discontinued operations, net of income taxes
— (142,729)— (142,729)
Net income $90,914 $65,198 $— $156,112 
(1) Includes $2.3 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger.
FOR THE THREE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS)
CLECO POWER
Revenue
Electric operations$481,153 
Other operations24,757 
Affiliate revenue1,657 
Electric customer credits(6,728)
Operating revenue, net$500,839 
Net income$40,733 
Add: Depreciation and amortization44,368 
Less: Interest income1,726 
Add: Interest charges23,840 
Add: Federal and state income tax expense1,862 
EBITDA$109,077 
FOR THE THREE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS)
CLECO POWEROTHERELIMINATIONSTOTAL
Revenue
Electric operations$481,153 $(2,420)$— $478,733 
Other operations24,757 1 1 24,759 
Affiliate revenue1,657 29,583 (31,240)— 
Electric customer credits(6,728)— — (6,728)
Operating revenue, net$500,839 $27,164 $(31,239)$496,764 
Depreciation and amortization$44,368 $4,375 
(1)
$— $48,743 
Interest income $1,726 $58 $(18)$1,766 
Interest charges$23,840 $13,884 $(18)$37,706 
Federal and state income tax expense
$1,862 $7,358 $— $9,220 
Income from continuing operations, net of income taxes
$40,733 $49,499 $— $90,232 
Loss from discontinued operations, net of income taxes— (21,860)— (21,860)
Net income $40,733 $27,639 $— $68,372 
(1) Includes $2.4 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger.

Segment Information
FOR THE NINE MONTHS ENDED SEPT. 30, 2023 (THOUSANDS)
CLECO POWER
Revenue 
Electric operations$923,685 
Other operations84,028 
Affiliate revenue4,967 
Electric customer credits(1,362)
Operating revenue, net$1,011,318 
Net income$157,170 
Add: Depreciation and amortization142,467 
Less: Interest income2,979 
Add: Interest charges73,442 
Add: Federal and state income tax expense4,185 
EBITDA$374,285 
FOR THE NINE MONTHS ENDED SEPT. 30, 2023 (THOUSANDS)
CLECO POWEROTHERELIMINATIONSTOTAL
Revenue
Electric operations$923,685 $(7,131)$— $916,554 
Other operations84,028 1 1 84,030 
Affiliate revenue4,967 86,669 (91,636)— 
Electric customer credits(1,362)— — (1,362)
Operating revenue, net$1,011,318 $79,539 $(91,635)$999,222 
Depreciation and amortization$142,467 $13,276 
(2)
$— $155,743 
Interest income$2,979 $357 $(113)$3,223 
Interest charges$73,442 $48,961 $(114)$122,289 
Federal and state income tax expense (benefit)$4,185 $(125,345)$— $(121,160)
Income (loss) from continuing operations, net of income taxes$157,170 $(48,043)$— $109,127 
Loss from discontinued operations, net of income taxes— (9,707)— (9,707)
Net income (loss)$157,170 $(57,750)$— $99,420 
Additions to property, plant, and equipment$159,947 $5,803 $— $165,750 
Equity investment in investees (1)
$1,992 $370,348 $(370,348)$1,992 
Goodwill (1)
$1,490,797 $— $— $1,490,797 
Total segment assets (1)
$6,951,436 $1,154,811 $185,852 $8,292,099 
(1) Balances as of September 30, 2023.
(2) Includes $7.1 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger.
FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS)
CLECO POWER
Revenue
Electric operations$1,145,864 
Other operations62,528 
Affiliate revenue4,744 
Electric customer credits(6,992)
Operating revenue, net$1,206,144 
Net income$134,462 
Add: Depreciation and amortization133,907 
Less: Interest income3,501 
Add: Interest charges63,947 
Add: Federal and state income tax expense5,800 
EBITDA$334,615 
FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS)
CLECO POWEROTHERELIMINATIONSTOTAL
Revenue
Electric operations$1,145,864 $(7,260)$— $1,138,604 
Other operations62,528 5 — 62,533 
Affiliate revenue4,744 82,728 (87,472)— 
Electric customer credits(6,992)— — (6,992)
Operating revenue, net$1,206,144 $75,473 $(87,472)$1,194,145 
Depreciation and amortization$133,907 $13,127 
(2)
$— $147,034 
Interest income$3,501 $141 $(67)$3,575 
Interest charges$63,947 $41,614 $(67)$105,494 
Federal and state income tax expense
$5,800 $24,672 $— $30,472 
Income from continuing operations, net of income taxes
$134,462 $145,591 $(1)$280,052 
Loss from discontinued operations, net of income taxes
— (54,573)— (54,573)
Net income$134,462 $91,018 $(1)$225,479 
Additions to property, plant, and equipment$139,726 $5,788 $— $145,514 
Equity investment in investees (1)
$2,072 $(320,348)$320,348 $2,072 
Goodwill (1)
$1,490,797 $— $— $1,490,797 
Total segment assets (1)
$6,834,970 $1,237,096 $181,683 $8,253,749 
(1) Balances as of December 31, 2022.
(2) Includes $7.3 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger.
FOR THE THREE MONTHS ENDED SEPT. 30,FOR THE NINE MONTHS ENDED SEPT. 30,
(THOUSANDS)2023202220232022
Net income
$156,112 $68,372 $99,420 $225,479 
Less: income (loss) from discontinued operations, net of income taxes(142,729)(21,860)(9,707)(54,573)
Income from continuing operations, net of income taxes
$298,841 $90,232 $109,127 $280,052 
Add: Depreciation and amortization52,378 48,743 155,743 147,034 
Less: Interest income1,283 1,766 3,223 3,575 
Add: Interest charges42,034 37,706 122,289 105,494 
Add: Federal and state income tax (benefit) expense(246,494)9,220 (121,160)30,472 
Add: Other corporate costs and noncash items (1)
16,604 (75,058)111,509 (224,862)
Total segment EBITDA$162,080 $109,077 $374,285 $334,615 
(1) Adjustments made for Other and Elimination totals not allocated to total segment EBITDA.