Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Line Items]

Amortization of Computer Software

Amortization of capitalized computer software costs charged to expense in Cleco and Cleco Power’s Consolidated Statements of Income for the years ending December 31, 2018, 2017, and 2016 is shown in the following tables:

Cleco
	SUCCESSOR						PREDECESSOR
(THOUSANDS)	FOR THE YEAR ENDED DEC. 31, 2018		FOR THE YEAR ENDED DEC. 31, 2017		APR. 13, 2016 - DEC. 31, 2016		JAN. 1, 2016 - APR. 12, 2016
Amortization	$	2,154	$	2,367	$	2,351	$	921

Cleco Power
	FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)	2018		2017		2016
Amortization	$	1,607	$	1,887	$	2,405

The following tables present Cleco and Cleco Power’s

amortization of intangible assets:

Cleco
	FOR THE YEAR ENDED DEC. 31,
	SUCCESSOR						PREDECESSOR
(THOUSANDS)	2018		2017		2016		Jan. 1, 2016 - Apr. 12, 2016
Cleco Katrina/Rita right to bill and collect storm recovery charges	$	20,608	$	16,772	$	12,121	$	4,369
Trade name	255		255		183		—
Power supply agreements	9,680		10,757		7,482		—
Total amortization of intangible assets	$	30,543	$	27,784	$	19,786	$	4,369
No impairments for intangibles in the table above for 2018, 2017, and 2016.

Property, Plant, and Equipment

At December 31, 2018, and 2017, Cleco and Cleco Power’s property, plant, and equipment consisted of the following:

Cleco
	AT DEC. 31,
(THOUSANDS)	2018			2017
Utility plants
Generation	$	1,949,042		$	1,908,344
Distribution	1,081,650			1,015,472
Transmission	519,269			512,428
Other utility plant	174,010			153,900
Other property, plant, and equipment	4,506			4,381
Total property, plant, and equipment	3,728,477			3,594,525
Accumulated depreciation	(303,727		)	(192,348		)
Net property, plant, and equipment	$	3,424,750		$	3,402,177

Depreciation on property, plant, and equipment is calculated primarily on a straight-line basis over the useful lives of the assets, as follows:

CATEGORY	YEARS
Utility Plants
Generation	10	–	95
Distribution	15	–	50
Transmission	5	–	55
Other utility plant	5	–	45
Other property, plant, and equipment	5	–	45

Restricted Cash and Cash Equivalents

Cleco and Cleco Power’s restricted cash and cash equivalents consisted of:

Cleco
	AT DEC. 31,
(THOUSANDS)	2018		2017
Current
Cleco Katrina/Rita’s storm recovery bonds	$	9,505	$	8,597
Cleco Power’s charitable contributions	1,200		1,200
Cleco Power’s rate credit escrow	536		3,284
Total current	11,241		13,081
Non-current
Diversified Lands’ mitigation escrow	21		21
Cleco Power’s future storm restoration costs	15,391		14,456
Cleco Power’s charitable contributions	2,753		3,575
Cleco Power’s rate credit escrow	505		2,029
Total non-current	18,670		20,081
Total restricted cash and cash equivalents	$	29,911	$	33,162

Change in Presentation for Service Cost

The change in presentation for Cleco and Cleco Power was as follows:

Cleco
	SUCCESSOR						PREDECESSOR
(THOUSANDS)	FOR THE YEAR ENDED DEC. 31, 2017			APR. 13, 2016 - DEC. 31, 2016			JAN. 1, 2016 - APR. 12, 2016
Other operations and maintenance	$	(11,071	)	$	(8,618	)	$	(3,447	)
Other expense	$	11,071		$	8,618		$	3,447

CLECO POWER

Accounting Policies [Line Items]

Amortization of Computer Software

Cleco Power
	FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)	2018		2017		2016
Amortization	$	1,607	$	1,887	$	2,405

Cleco Power
	FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)	2018		2017		2016
Cleco Katrina/Rita right to bill and collect storm recovery charges	$	20,608	$	16,772	$	16,490

Property, Plant, and Equipment

Cleco Power
	AT DEC. 31,
(THOUSANDS)	2018			2017
Regulated utility plants
Generation	$	2,476,733		$	2,442,987
Distribution	1,523,885			1,462,193
Transmission	731,432			725,199
Other utility plant	282,954			263,105
Total property, plant, and equipment	5,015,004			4,893,484
Accumulated depreciation	(1,804,563		)	(1,712,590		)
Net property, plant, and equipment	$	3,210,441		$	3,180,894

Restricted Cash and Cash Equivalents

Cleco Power
	AT DEC. 31,
(THOUSANDS)	2018		2017
Current
Cleco Katrina/Rita’s storm recovery bonds	$	9,505	$	8,597
Charitable contributions	1,200		1,200
Rate credit escrow	536		3,284
Total current	11,241		13,081
Non-current
Future storm restoration costs	15,391		14,456
Charitable contributions	2,753		3,575
Rate credit escrow	505		2,029
Total non-current	18,649		20,060
Total restricted cash and cash equivalents	$	29,890	$	33,141

Change in Presentation for Service Cost

Cleco Power
	FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)	2017			2016
Other operations and maintenance	$	(7,612	)	$	(8,529	)
Other expense	$	7,612		$	8,529