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Segment Disclosures (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
SEGMENT INFORMATION
FOR THE YEAR ENDED DEC. 31, 2024 (THOUSANDS)
CLECO POWER
Revenue 
Base revenue
$729,273 
Fuel cost recovery revenue (1)
321,980 
Other operations95,137 
Affiliate revenue12,452 
Electric customer credits(3,940)
Operating revenue, net$1,154,902 
Less:
Recoverable fuel and purchased power (1)
$321,980 
Non-recoverable fuel and purchased power
32,752 
Other operations and maintenance (2)
245,651 
Taxes other than income taxes
57,754 
Other segment items (3)
8,164 
EBITDA$488,601 
(1) These pass through items are regularly provided to the chief operating decision maker as a net amount.
(2) Includes administrative and general expenses of $95.3 million.
(3) Includes amounts for equity portions of AFUDC, pension non-service costs, and changes in the cash surrender value of life insurance policies.
FOR THE YEAR ENDED DEC. 31, 2024 (THOUSANDS)
CLECO POWEROTHERELIMINATIONSTOTAL
Revenue    
Base revenue
$729,273 $(2,881)
(1)
$(1)$726,391 
Fuel cost recovery revenue
321,980 — — $321,980 
Other operations95,137 8,162 (22)103,277 
Affiliate revenue12,452 108,127 (120,579)— 
Electric customer credits(3,940)— — (3,940)
Operating revenue, net$1,154,902 $113,408 $(120,602)$1,147,708 
Depreciation and amortization$236,444 $11,143 
(1)
$1 $247,588 
Interest income$4,125 $11,291 $(349)$15,067 
Interest charges$98,858 $55,046 $(349)$153,555 
Federal and state income tax expense (benefit)
$18,506 $(4,450)$— $14,056 
Income (loss) from continuing operations, net of income taxes$138,918 $(74,017)$— $64,901 
Income from discontinued operations, net of income taxes
$— $45,517 $— $45,517 
Net income (loss)$138,918 $(28,500)$— $110,418 
Additions to property, plant, and equipment$255,336 $4,189 $— $259,525 
Equity investment in investee$1,916 $(848,952)$848,952 $1,916 
Goodwill$1,490,797 $— $— $1,490,797 
Total segment assets$6,879,566 $(286,556)$776,596 $7,369,606 
(1) Includes $2.9 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger.

FOR THE YEAR ENDED DEC. 31, 2023 (THOUSANDS)
CLECO POWER
Revenue 
Base revenue
$692,866 
Fuel cost recovery revenue (1)
504,503 
Other operations111,561 
Affiliate revenue8,904 
Electric customer credits(60,689)
Operating revenue, net$1,257,145 
Less:
Recoverable fuel and purchased power (1)
$504,512 
Non-recoverable fuel and purchased power
45,485 
Other operations and maintenance (2)
233,863 
Taxes other than income taxes
60,676 
Other segment items (3)
(5,719)
EBITDA$418,328 
(1) These pass through items are regularly provided to the chief operating decision maker as a net amount.
(2) Includes administrative and general expenses of $83.5 million.
(3) Includes amounts for equity portions of AFUDC, pension non-service costs, and changes in the cash surrender value of life insurance policies.

FOR THE YEAR ENDED DEC. 31, 2023 (THOUSANDS)
CLECO POWEROTHERELIMINATIONSTOTAL
Revenue    
Base revenue
$692,866 $(9,454)
(1)
$— $683,412 
Fuel cost recovery revenue
504,503 — — $504,503 
Other operations111,561 5 (1)111,565 
Affiliate revenue8,904 120,716 (129,620)— 
Electric customer credits(60,689)— — (60,689)
Operating revenue, net$1,257,145 $111,267 $(129,621)$1,238,791 
Depreciation and amortization$191,745 $17,644 
(1)
$— $209,389 
Interest income$5,011 $571 $(189)$5,393 
Interest charges$98,879 $66,165 $(188)$164,856 
Federal and state income tax benefit
$(4,434)$(60,639)$— $(65,073)
Income (loss) from continuing operations, net of income taxes$137,149 $(167,018)$— $(29,869)
Loss from discontinued operations, net of income taxes$— $14,642 $— $14,642 
Net income (loss)$137,149 $(152,376)$— $(15,227)
Additions to property, plant, and equipment$220,982 $9,256 $— $230,238 
Equity investment in investee$1,992 $(467,329)$467,329 $1,992 
Goodwill$1,490,797 $— $— $1,490,797 
Total segment assets$6,920,339 $870,743 $309,311 $8,100,393 
(1) Includes $9.5 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger.
FOR THE YEAR ENDED DEC. 31, 2022 (THOUSANDS)
CLECO POWER
Revenue 
Base revenue
$685,419 
Fuel cost recovery revenue (1)
837,647 
Other operations98,759 
Affiliate revenue6,377 
Electric customer credits(7,674)
Operating revenue, net$1,620,528 
Less:
Recoverable fuel and purchased power (1)
$837,647 
Non-recoverable fuel and purchased power
59,846 
Other operations and maintenance (2)
216,851 
Taxes other than income taxes
55,075 
Regulatory disallowance13,841 
Other segment items (3)
3,341 
EBITDA$433,927 
(1) These pass through items are regularly provided to the chief operating decision maker as a net amount.
(2) Includes administrative and general expenses of $63.7 million.
(3) Includes amounts for equity portions of AFUDC, pension non-service costs, and changes in the cash surrender value of life insurance policies.

FOR THE YEAR ENDED DEC. 31, 2022 (THOUSANDS)
CLECO POWEROTHERELIMINATIONSTOTAL
Revenue    
Base revenue
$685,419 $(9,680)
(1)
$— $675,739 
Fuel cost recovery revenue
837,647 — — $837,647 
Other operations98,759 9 — 98,768 
Affiliate revenue6,377 109,015 (115,392)— 
Electric customer credits(7,674)— — (7,674)
Operating revenue, net$1,620,528 $99,344 $(115,392)$1,604,480 
Depreciation and amortization$178,231 $17,588 
(1)
$— $195,819 
Interest income$5,082 $265 $(97)$5,250 
Interest charges$88,218 $55,834 $(96)$143,956 
Federal and state income tax expense
$2,503 $17,532 $— $20,035 
Income from continuing operations, net of income taxes
$170,057 $63,093 $(2)$233,148 
Income from discontinued operations, net of income taxes
$— $(44,337)$— $(44,337)
Net income
$170,057 $18,756 $(2)$188,811 
Additions to property, plant, and equipment$228,940 $7,827 $— $236,767 
Equity investment in investee$2,072 $(320,348)$320,348 $2,072 
Goodwill$1,490,797 $— $— $1,490,797 
Total segment assets$6,834,970 $1,237,096 $181,683 $8,253,749 
(1) Includes $9.7 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger.

FOR THE YEARS ENDED DEC. 31,
(THOUSANDS)202420232022
Net income (loss)
$110,418 $(15,227)$188,811 
Less: income (loss) from discontinued operations, net of income taxes45,517 14,642 (44,337)
Income (loss) from continuing operations, net of income taxes
64,901 (29,869)233,148 
Add: Depreciation and amortization247,588 209,389 

195,819 
Less: Interest income15,067 5,393 5,250 
Add: Interest charges153,555 164,856 143,956 
Add: Federal and state income tax expense (benefit)
14,056 (65,073)20,035 
Add (less): Other corporate costs and noncash items (1) (2)
23,568 144,418 (153,781)
Total segment EBITDA$488,601 $418,328 $433,927 
(1) Adjustments made for Other and Eliminations totals not allocated to total segment EBITDA.
(2) Includes (loss) gain on Cleco Cajun’s natural gas derivatives of $(6.5) million, $(116.8) million, and $180.5 million, respectively, for the years ended December 31, 2024, 2023, and 2022.