Regulatory Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2019

Regulatory Assets [Line Items]

Schedule of Regulatory Assets

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

(THOUSANDS)	AT SEPT. 30, 2019		AT DEC. 31, 2018
Total Cleco Power regulatory assets, net	$	165,947	$	134,755
Cleco 2016 Merger adjustments (1)
Fair value of long-term debt	130,847		138,701
Postretirement costs	17,896		19,387
Financing costs	8,021		8,279
Debt issuance costs	5,826		6,252
Total Cleco regulatory assets, net	$	328,537	$	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 Assets

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

(THOUSANDS)	AT SEPT. 30, 2019			AT DEC. 31, 2018
Regulatory assets (liabilities)
Deferred taxes, net	$	(144,124	)	$	(155,537	)
Mining costs	—			1,274
Interest costs	4,021			4,208
AROs	3,523			3,099
Postretirement costs	134,412			140,245
Tree trimming costs	10,607			9,069
Training costs	6,279			6,396
Surcredits, net (1)	289			289
AMI deferred revenue requirement	3,272			3,681
Emergency declarations	1,750			2,980
Production operations and maintenance expenses	9,199			12,245
AFUDC equity gross-up (1)	73,541			71,952
Acadia Unit 1 acquisition costs	2,151			2,230
Financing costs	7,646			7,923
Coughlin transaction costs	915			938
Corporate franchise tax, net	864			1,416
Non-service cost of postretirement benefits	6,650			4,629
Energy efficiency	(3,056		)	2,585
Accumulated deferred fuel	56,056			20,112
Other, net	(8,048		)	(4,979		)
Total regulatory assets, net	$	165,947		$	134,755
(1) Represents regulatory assets for past expenditures that were not earning a return on investment at September 30, 2019, and December 31, 2018, respectively. All other assets are earning a return on investment.

Schedule of Regulatory Liabilities

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

(THOUSANDS)	AT SEPT. 30, 2019			AT DEC. 31, 2018
Regulatory assets (liabilities)
Deferred taxes, net	$	(144,124	)	$	(155,537	)
Mining costs	—			1,274
Interest costs	4,021			4,208
AROs	3,523			3,099
Postretirement costs	134,412			140,245
Tree trimming costs	10,607			9,069
Training costs	6,279			6,396
Surcredits, net (1)	289			289
AMI deferred revenue requirement	3,272			3,681
Emergency declarations	1,750			2,980
Production operations and maintenance expenses	9,199			12,245
AFUDC equity gross-up (1)	73,541			71,952
Acadia Unit 1 acquisition costs	2,151			2,230
Financing costs	7,646			7,923
Coughlin transaction costs	915			938
Corporate franchise tax, net	864			1,416
Non-service cost of postretirement benefits	6,650			4,629
Energy efficiency	(3,056		)	2,585
Accumulated deferred fuel	56,056			20,112
Other, net	(8,048		)	(4,979		)
Total regulatory assets, net	$	165,947		$	134,755
(1) Represents regulatory assets for past expenditures that were not earning a return on investment at September 30, 2019, and December 31, 2018, respectively. All other assets are earning a return on investment.