Regulatory Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Regulatory Assets and Liabilities [Line Items]

The following table summarizes Cleco’s net regulatory assets and liabilities:



Cleco
	AT DEC. 31,
(THOUSANDS)	2018		2017
Total Cleco Power regulatory assets, net	$	134,755	$	146,774
Cleco 2016 Merger adjustments ⁽¹⁾
Fair value of long-term debt	138,701		147,145
Postretirement costs	19,387		21,375
Financing costs	8,279		8,623
Debt issuance costs	6,252		6,665
Total Cleco regulatory assets, net	$	307,374	$	330,582

⁽¹⁾Cleco regulatory assets include acquisition accounting adjustments as a result of the 2016 Merger.

Schedule of Regulatory Liabilities

The following table summarizes Cleco’s net regulatory assets and liabilities:



Cleco
	AT DEC. 31,
(THOUSANDS)	2018		2017
Total Cleco Power regulatory assets, net	$	134,755	$	146,774
Cleco 2016 Merger adjustments ⁽¹⁾
Fair value of long-term debt	138,701		147,145
Postretirement costs	19,387		21,375
Financing costs	8,279		8,623
Debt issuance costs	6,252		6,665
Total Cleco regulatory assets, net	$	307,374	$	330,582

⁽¹⁾Cleco regulatory assets include acquisition accounting adjustments as a result of the 2016 Merger.

CLECO POWER

Regulatory Assets and Liabilities [Line Items]

Schedule of Regulatory Assets

The following table summarizes Cleco Power’s regulatory assets and liabilities:



Cleco Power
	AT DEC. 31,						REMAINING RECOVERY PERIOD (YRS.)
(THOUSANDS)	2018			2017			REMAINING RECOVERY PERIOD (YRS.)
Regulatory (liabilities) assets - deferred taxes, net
Total federal regulatory liability — income taxes	$	(55,922	)	$	(64,205	)
Total state regulatory asset — income taxes	141,136			142,788
TCJA	(374,961		)	(348,590		)
AFUDC	134,369			129,953
Total investment tax credit	(159		)	(372		)
Total regulatory (liabilities) assets — deferred taxes, net	$	(155,537	)	$	(140,426	)	*
Regulatory liabilities - other	(4,992		)	—			*
Regulatory Assets
Mining costs	1,274			3,823			0.5
Interest costs	4,208			4,499			*
AROs ⁽¹⁾	3,099			2,762			*
Postretirement costs ⁽¹⁾	140,245			142,764			*
Tree trimming costs	9,069			7,193			*
Training costs	6,396			6,552			41
Surcredits, net ⁽²⁾	289			2,173			*
AMI deferred revenue requirement	3,681			4,227			7
Emergency declarations	2,980			4,131			1.5
Production operations and maintenance expenses	12,245			8,625			*
AFUDC equity gross-up ⁽²⁾	71,952			71,205			*
Acadia Unit 1 acquisition costs	2,230			2,336			21
Financing costs	7,923			8,293			*
MISO integration costs	—			468			—
Coughlin transaction costs	938			968			30.5
Corporate franchise tax, net	1,416			153			*
MATS Costs	—			2,564			—
Non-service cost of postretirement benefits	4,629			—			*
Energy Efficiency	2,585			—			*
Other	13			484			*
Total regulatory assets	275,172			273,220
Accumulated deferred fuel	20,112			13,980			*
Total regulatory assets, net	$	134,755		$	146,774
⁽¹⁾Represents regulatory assets in which cash has not yet been expended and the assets are offset by liabilities that do not incur a carrying cost. ⁽²⁾Represents regulatory assets for past expenditures that were not earning a return on investment at December 31, 2018, and 2017, respectively. All other assets are earning a return on investment. * For information related to the remaining recovery periods, refer to the following disclosures for each specific regulatory asset.

Schedule of Regulatory Liabilities

The following table summarizes Cleco Power’s regulatory assets and liabilities:



Cleco Power
	AT DEC. 31,						REMAINING RECOVERY PERIOD (YRS.)
(THOUSANDS)	2018			2017			REMAINING RECOVERY PERIOD (YRS.)
Regulatory (liabilities) assets - deferred taxes, net
Total federal regulatory liability — income taxes	$	(55,922	)	$	(64,205	)
Total state regulatory asset — income taxes	141,136			142,788
TCJA	(374,961		)	(348,590		)
AFUDC	134,369			129,953
Total investment tax credit	(159		)	(372		)
Total regulatory (liabilities) assets — deferred taxes, net	$	(155,537	)	$	(140,426	)	*
Regulatory liabilities - other	(4,992		)	—			*
Regulatory Assets
Mining costs	1,274			3,823			0.5
Interest costs	4,208			4,499			*
AROs ⁽¹⁾	3,099			2,762			*
Postretirement costs ⁽¹⁾	140,245			142,764			*
Tree trimming costs	9,069			7,193			*
Training costs	6,396			6,552			41
Surcredits, net ⁽²⁾	289			2,173			*
AMI deferred revenue requirement	3,681			4,227			7
Emergency declarations	2,980			4,131			1.5
Production operations and maintenance expenses	12,245			8,625			*
AFUDC equity gross-up ⁽²⁾	71,952			71,205			*
Acadia Unit 1 acquisition costs	2,230			2,336			21
Financing costs	7,923			8,293			*
MISO integration costs	—			468			—
Coughlin transaction costs	938			968			30.5
Corporate franchise tax, net	1,416			153			*
MATS Costs	—			2,564			—
Non-service cost of postretirement benefits	4,629			—			*
Energy Efficiency	2,585			—			*
Other	13			484			*
Total regulatory assets	275,172			273,220
Accumulated deferred fuel	20,112			13,980			*
Total regulatory assets, net	$	134,755		$	146,774
⁽¹⁾Represents regulatory assets in which cash has not yet been expended and the assets are offset by liabilities that do not incur a carrying cost. ⁽²⁾Represents regulatory assets for past expenditures that were not earning a return on investment at December 31, 2018, and 2017, respectively. All other assets are earning a return on investment. * For information related to the remaining recovery periods, refer to the following disclosures for each specific regulatory asset.