The following table summarizes Cleco Power’s regulatory assets and liabilities at December 31, 2013 and 2012.



	AT DEC. 31,						REMAINING RECOVERY PERIOD
(THOUSANDS)	2013			2012			REMAINING RECOVERY PERIOD
Total federal regulatory asset — income taxes	$	12,528		$	24,222
Total state regulatory asset — income taxes	89,050			57,480
AFUDC	130,488			132,267
Total investment tax credit	(2,893		)	(3,524		)
Total regulatory assets — deferred taxes, net	229,173			210,445			*
Mining costs	14,019			16,569			5.5 yrs.
Interest costs	5,943			6,304			26 yrs.
Asset removal costs ⁽¹⁾	936			867			*
Postretirement costs ⁽¹⁾	93,333			156,458			*
Tree trimming costs	4,840			5,656			5 yrs.
Training costs	7,175			7,330			46 yrs.
Surcredits, net ⁽²⁾	16,738			6,211			9 yrs.
Construction carrying costs	—			4,697			—
Amended lignite mining agreement contingency ⁽¹⁾	3,781			3,781			*
Power purchase agreement capacity costs	9,749			6,217			1.5 yrs.
AMI deferred revenue requirement	4,682			1,483			14 yrs.
Production O&M expenses	8,459			—			*
AFUDC equity gross-up ⁽²⁾	73,306			74,158			*
Rate case costs	45			581			—
Acadia Unit 1 acquisition costs	2,760			2,865			26 yrs.
IRP/RFP costs	—			39			—
AMI pilot costs	—			22			—
Financing costs	9,772			7,282			*
Biomass costs	114			145			4 yrs.
Total regulatory assets - other	255,652			300,665
Construction carrying costs	—			(8,255		)	—
Fuel and purchased power	(3,869		)	7,833			*
Total regulatory assets, net	$	480,956		$	510,688
⁽¹⁾Represents regulatory assets where cash has not yet been expended; in which case, the assets are offset by liabilities that also do not incur a carrying cost. ⁽²⁾Represents regulatory assets for past expenditures that were not earning a return on investment at December 31, 2013. * For information related to the remaining recovery periods, refer to the disclosures below for each specific regulatory asset.