XML 26 R10.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Cleco Power Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating revenue    
Electric operations $ 251,471 $ 293,928
Other operations 27,218 27,304
Affiliate revenue 0 0
Gross operating revenue 278,689 321,232
Electric customer credits (1,847) (651)
Operating revenue, net 276,842 320,581
Operating expenses    
Fuel used for electric generation 80,737 195,977
Purchased power 37,791 40,438
Other operations and maintenance 60,540 57,518
Depreciation and amortization 96,052 52,789
Taxes other than income taxes 16,099 16,787
Total operating expenses 291,219 363,509
Operating loss (14,377) (42,928)
Interest income 1,408 1,267
Allowance for equity funds used during construction 134 1,231
Equity income from investee before income tax 677 0
Other (expense) income, net 1,398 536
Interest charges    
Interest charges, net 42,792 40,005
Allowance for borrowed funds used during construction (2,030) (517)
Total interest charges 40,762 39,488
Loss from continuing operations before income taxes (51,522) (79,382)
Federal and state income tax (benefit) expense 37,671 43,693
Net loss (57,231) (104,022)
CLECO POWER    
Operating revenue    
Electric operations 253,794 296,348
Other operations 27,218 27,303
Affiliate revenue 8,869 1,688
Gross operating revenue 289,881 325,339
Electric customer credits (1,847) (651)
Operating revenue, net 288,034 324,688
Operating expenses    
Fuel used for electric generation 69,791 118,611
Purchased power 37,791 40,438
Other operations and maintenance 56,797 53,988
Depreciation and amortization 94,004 50,733
Taxes other than income taxes 15,646 15,995
Total operating expenses 274,029 279,765
Operating loss 14,005 44,923
Interest income 1,288 1,185
Allowance for equity funds used during construction 134 1,231
Equity income from investee before income tax 677 0
Other (expense) income, net (228) 1,306
Interest charges    
Interest charges, net 25,514 24,855
Allowance for borrowed funds used during construction (2,030) (517)
Total interest charges 23,484 24,338
Loss from continuing operations before income taxes (7,608) 24,307
Federal and state income tax (benefit) expense (960) 1,490
Net loss $ (6,648) $ 22,817