Regulatory Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Regulatory Assets [Line Items]

Schedule of Regulatory Assets

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

(THOUSANDS)	AT MAR. 31, 2019			AT DEC. 31, 2018
Regulatory assets (liabilities)
Deferred taxes, net	$	(154,651	)	$	(155,537	)
Mining costs	637			1,274
Interest costs	4,146			4,208
AROs	3,238			3,099
Postretirement costs	138,388			140,245
Tree trimming costs	9,463			9,069
Training costs	6,358			6,396
Surcredits, net (1)	289			289
AMI deferred revenue requirement	3,545			3,681
Emergency declarations	2,560			2,980
Production operations and maintenance expenses	11,458			12,245
AFUDC equity gross-up (1)	72,622			71,952
Acadia Unit 1 acquisition costs	2,204			2,230
Financing costs	7,830			7,923
Coughlin transaction costs	930			938
Corporate franchise tax, net	(231		)	1,416
Non-service cost of postretirement benefits	5,925			4,629
Energy efficiency	(324		)	2,585
Accumulated deferred fuel	17,179			20,112
Other, net	(7,884		)	(4,979		)
Total regulatory assets, net	$	123,682		$	134,755
(1) Represents regulatory assets for past expenditures that were not earning a return on investment at March 31, 2019, and December 31, 2018, respectively. All other assets are earning a return on investment.

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

(THOUSANDS)	AT MAR. 31, 2019		AT DEC. 31, 2018
Total Cleco Power regulatory assets, net	$	123,682	$	134,755
Cleco 2016 Merger adjustments (1)
Fair value of long-term debt	136,589		138,701
Postretirement costs	18,891		19,387
Financing costs	8,193		8,279
Debt issuance costs	6,149		6,252
Total Cleco regulatory assets, net	$	293,504	$	307,374

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

CLECO POWER

Regulatory Assets [Line Items]

Schedule of Regulatory Liabilities

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

(THOUSANDS)	AT MAR. 31, 2019			AT DEC. 31, 2018
Regulatory assets (liabilities)
Deferred taxes, net	$	(154,651	)	$	(155,537	)
Mining costs	637			1,274
Interest costs	4,146			4,208
AROs	3,238			3,099
Postretirement costs	138,388			140,245
Tree trimming costs	9,463			9,069
Training costs	6,358			6,396
Surcredits, net (1)	289			289
AMI deferred revenue requirement	3,545			3,681
Emergency declarations	2,560			2,980
Production operations and maintenance expenses	11,458			12,245
AFUDC equity gross-up (1)	72,622			71,952
Acadia Unit 1 acquisition costs	2,204			2,230
Financing costs	7,830			7,923
Coughlin transaction costs	930			938
Corporate franchise tax, net	(231		)	1,416
Non-service cost of postretirement benefits	5,925			4,629
Energy efficiency	(324		)	2,585
Accumulated deferred fuel	17,179			20,112
Other, net	(7,884		)	(4,979		)
Total regulatory assets, net	$	123,682		$	134,755
(1) Represents regulatory assets for past expenditures that were not earning a return on investment at March 31, 2019, and December 31, 2018, respectively. All other assets are earning a return on investment.