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Cleco Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating revenue      
Electric operations $ 1,187,915 $ 1,513,386 $ 1,192,569
Other operations 111,565 98,768 74,633
Gross operating revenue 1,299,480 1,612,154 1,267,202
Electric customer credits (60,689) (7,674) (40,878)
Operating revenue, net 1,238,791 1,604,480 1,226,324
Operating expenses      
Fuel used for electric generation 506,264 430,215 262,135
Purchased power 160,570 286,756 194,818
Other operations and maintenance 248,085 230,175 239,212
Depreciation and amortization 199,935 186,139 185,313
Taxes other than income taxes 64,469 57,965 52,843
Regulatory disallowance 0 13,841 0
Total operating expenses 1,179,323 1,205,091 934,321
Operating income 59,468 399,389 292,003
Interest income 5,393 5,250 3,297
Allowance for equity funds used during construction 5,747 3,740 9,905
Other expense, net (694) (11,240) (15,061)
Interest charges      
Interest charges, net 165,529 145,773 131,512
Allowance for borrowed funds used during construction (673) (1,817) (2,714)
Total interest charges 164,856 143,956 128,798
(Loss) income from continuing operations before income taxes (94,942) 253,183 161,346
Federal and state income tax (benefit) expense (65,073) 20,035 1,333
(Loss) income from continuing operations, net of income taxes (29,869) 233,148 160,013
Income (loss) from discontinued operations, net of income taxes 14,642 (44,337) 34,953
Net (loss) income $ (15,227) $ 188,811 $ 194,966