Intangible Assets, Intangible Liabilities, and Goodwill (Tables)

12 Months Ended

Dec. 31, 2019

Finite-Lived Intangible Assets [Line Items]

Schedule of Amortization of Intangible Assets

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, 2019, 2018, and 2017 is shown in the following tables:

Cleco
	FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)	2019		2018		2017
Amortization	$	4,917	$	2,154	$	2,367

Cleco Power
	FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)	2019		2018		2017
Amortization	$	4,321	$	1,607	$	1,887

The following tables present Cleco and Cleco Power’s amortization of intangible assets and liabilities:

Cleco
	FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)	2019		2018		2017
Intangible assets
Cleco Katrina/Rita right to bill and collect storm recover charges	$	20,576	$	20,608	$	16,772
Trade name	$	255	$	255	$	255
Power supply agreements	$	24,273	$	9,680	$	10,757
Intangible liabilities
LTSA	$	3,194	$	—	$	—
Power supply agreements	$	3,234	$	—	$	—
No impairments for intangibles in the table above for 2019, 2018, and 2017.

Intangible Assets Subject to Amortization

The following tables summarize the balances for intangible assets and liabilities subject to amortization for Cleco and Cleco Power:

Cleco
	AT DEC. 31,
(THOUSANDS)	2019			2018
Intangible assets
Cleco Katrina/Rita right to bill and collect storm recovery charges	$	70,594		$	70,594
Trade name	5,100			5,100
Power supply agreements	184,004			85,104
Total intangible assets carrying amount	259,698			160,798
Intangible liabilities
LTSA	24,100			—
Power supply agreements	14,200			—
Total intangible liabilities carrying amount	38,300			—
Net intangible assets carrying amount	221,398			160,798
Accumulated amortization	(115,167		)	(76,491		)
Net intangible assets subject to amortization	$	106,231		$	84,307

Expected Amortization Expense

The following table summarizes the amortization expense related to intangible assets and liabilities expected to be recognized in Cleco’s Consolidated Statements of Income:

Cleco
(THOUSANDS)	INTANGIBLE ASSETS		INTANGIBLE LIABILITIES
For the year ending Dec. 31,
2020	$	26,372	$	(7,012	)
2021	$	25,855	$	(5,862	)
2022	$	25,855	$	(5,041	)
2023	$	25,855	$	(5,041	)
2024	$	29,459	$	(5,041	)
Thereafter	$	4,707	$	(3,875	)

CLECO POWER

Finite-Lived Intangible Assets [Line Items]

Schedule of Amortization of Intangible Assets

Cleco Power
	FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)	2019		2018		2017
Amortization	$	4,321	$	1,607	$	1,887

Cleco Power
	FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)	2019		2018		2017
Cleco Katrina/Rita right to bill and collect storm recovery charges	$	20,576	$	20,608	$	16,772

Intangible Assets Subject to Amortization

Cleco Power
	AT DEC. 31,
(THOUSANDS)	2019			2018
Cleco Katrina/Rita right to bill and collect storm recovery charges	$	177,537		$	177,537
Accumulated amortization	(177,020		)	(156,444		)
Net intangible assets subject to amortization	$	517		$	21,093