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Revenue Recognition
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition
Note 4 — Revenue Recognition

Disaggregated Revenue
Operating revenue, net for the three months ended March 31, 2025, and 2024 was as follows:






FOR THE THREE MONTHS ENDED MAR. 31, 2025
(THOUSANDS)CLECO POWEROTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential(1)
$114,654 $— $— $114,654 
Commercial(1)
81,104 — — 81,104 
Industrial(1)
48,028 — — 48,028 
Other retail(1)
4,508 — — 4,508 
Electric customer credits— — — — 
Total retail revenue248,294 — — 248,294 
Wholesale, net 20,864 
(1)
(186)
(2)
— 20,678 
Transmission10,924 — — 10,924 
Other 4,547 — (9)4,538 
Affiliate(3)
245 20,831 (21,076)— 
Total revenue from contracts with customers284,874 20,645 (21,085)284,434 
Revenue unrelated to contracts with customers
Securitization
7,984 — — 7,984 
Other 971 
(4)
1,855 
(5)
— 2,826 
Total revenue unrelated to contracts with customers 8,955 1,855 — 10,810 
Operating revenue, net$293,829 $22,500 $(21,085)$295,244 
(1) Includes fuel recovery revenue.
(2) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreement.
(3) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation.
(4) Realized gains associated with FTRs.
(5) Primarily related to the other services agreement as a result of the Cleco Cajun Divestiture.
FOR THE THREE MONTHS ENDED MAR. 31, 2024
(THOUSANDS)CLECO POWEROTHERELIMINATIONSTOTAL
Revenue from contracts with customers
Retail revenue
Residential(1)
$92,012 $— $— $92,012 
Commercial(1)
68,146 — — 68,146 
Industrial(1)
39,401 — — 39,401 
Other retail(1)
3,732 — — 3,732 
Electric customer credits(1,847)— — (1,847)
Total retail revenue201,444 — — 201,444 
Wholesale, net49,855 
(1)
(2,323)
(2)
— 47,532 
Transmission13,894 — — 13,894 
Other5,249 — — 5,249 
Affiliate(3)
8,869 29,667 (38,536)— 
Total revenue from contracts with customers279,311 27,344 (38,536)268,119 
Revenue unrelated to contracts with customers
Securitization
8,074 — — 8,074 
Other649 
(4)
— — 649 
Total revenue unrelated to contracts with customers 8,723 — — 8,723 
Operating revenue, net$288,034 $27,344 $(38,536)$276,842 
(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 has elected not to disclose the value of unsatisfied performance obligations for contracts with an original expected term of one year or less, or for revenue recognized in an amount equal to what Cleco and Cleco Power have the right to bill the customer for services performed. Cleco’s contracts are based on demand, except in a few cases where there are defined minimums or stated terms. This results in customer bills that vary each month based on an approved tariff and usage. In limited cases, Cleco may impose monthly or annual minimum capacity requirements on some customers primarily as a credit and cost recovery guarantee and not as pricing for unsatisfied performance obligations. These minimums typically expire after the initial term or when specified costs have been recovered. The minimum amounts are part of each month’s bill and recognized as revenue accordingly. The total fixed consideration related to unsatisfied performance obligations is not material to Cleco’s revenues.