Regulatory Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Regulatory Assets and Liabilities [Line Items]

Schedule of Regulatory Assets

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

Cleco
	AT DEC. 31,
(THOUSANDS)	2019		2018
Total Cleco Power regulatory assets, net	$	152,549	$	134,755
2016 Merger adjustments (1)
Fair value of long-term debt	127,977		138,701
Postretirement costs	17,399		19,387
Financing costs	7,935		8,279
Debt issuance costs	5,665		6,252
Total Cleco regulatory assets, net	$	311,525	$	307,374

⁽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)	2019		2018
Total Cleco Power regulatory assets, net	$	152,549	$	134,755
2016 Merger adjustments (1)
Fair value of long-term debt	127,977		138,701
Postretirement costs	17,399		19,387
Financing costs	7,935		8,279
Debt issuance costs	5,665		6,252
Total Cleco regulatory assets, net	$	311,525	$	307,374

⁽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)	2019			2018
Regulatory assets (liabilities)
Deferred taxes, net	(146,948		)	(155,537		)	*
Mining costs	—			1,274			—
Interest costs	3,958			4,208			*
AROs	3,668			3,099			*
Postretirement costs	151,543			140,245			*
Tree trimming costs	11,341			9,069			*
Training costs	6,241			6,396			40
Surcredits, net (1)	145			289			*
AMI deferred revenue requirement	3,136			3,681			6
Emergency declarations	1,349			2,980			*
Production operations and maintenance expenses	7,985			12,245			*
AFUDC equity gross-up (1)	72,766			71,952			*
Acadia Unit 1 acquisition costs	2,124			2,230			20
Financing costs	7,554			7,923			*
Coughlin transaction costs	906			938			29.5
Corporate franchise tax, net	(1,145		)	1,416			*
Non-service cost of postretirement benefits	6,739			4,629			*
Energy efficiency	2,820			2,585			*
Accumulated deferred fuel	22,910			20,112			*
Other, net	(4,543		)	(4,979		)	*
Total regulatory assets, net	$	152,549		$	134,755
(1)Represents regulatory assets for past expenditures that were not earning a return on investment at December 31, 2019, and 2018, 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)	2019			2018
Regulatory assets (liabilities)
Deferred taxes, net	(146,948		)	(155,537		)	*
Mining costs	—			1,274			—
Interest costs	3,958			4,208			*
AROs	3,668			3,099			*
Postretirement costs	151,543			140,245			*
Tree trimming costs	11,341			9,069			*
Training costs	6,241			6,396			40
Surcredits, net (1)	145			289			*
AMI deferred revenue requirement	3,136			3,681			6
Emergency declarations	1,349			2,980			*
Production operations and maintenance expenses	7,985			12,245			*
AFUDC equity gross-up (1)	72,766			71,952			*
Acadia Unit 1 acquisition costs	2,124			2,230			20
Financing costs	7,554			7,923			*
Coughlin transaction costs	906			938			29.5
Corporate franchise tax, net	(1,145		)	1,416			*
Non-service cost of postretirement benefits	6,739			4,629			*
Energy efficiency	2,820			2,585			*
Accumulated deferred fuel	22,910			20,112			*
Other, net	(4,543		)	(4,979		)	*
Total regulatory assets, net	$	152,549		$	134,755
(1)Represents regulatory assets for past expenditures that were not earning a return on investment at December 31, 2019, and 2018, 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.