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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 116,292 $ 110,175
Restricted cash and cash equivalents 11,100 11,241
Customer accounts receivable (less allowance for doubtful accounts) 83,591 50,043
Other accounts receivable 35,731 27,196
Unbilled revenue 33,207 35,314
Fuel inventory, at average cost 83,061 82,836
Materials and supplies, at average cost 118,858 92,671
Energy risk management assets 7,023 23,355
Accumulated deferred fuel 22,910 20,112
Cash surrender value of company-/trust-owned life insurance policies 86,096 80,391
Prepayments 7,711 7,911
Regulatory assets 19,807 22,461
Other current assets 12,688 1,256
Total current assets 638,075 564,962
Property, plant, and equipment    
Property, plant, and equipment 4,982,255 3,728,477
Accumulated depreciation (454,874) (303,727)
Net property, plant, and equipment 4,527,381 3,424,750
Construction work in progress 117,630 354,045
Total property, plant, and equipment, net 4,645,011 3,778,795
Equity investment in investee 17,072 18,172
Goodwill 1,490,797 1,490,797
Prepayments 25,949 2,251
Operating lease right of use assets 28,791 0
Restricted cash and cash equivalents 15,203 18,670
Note receivable 15,198 15,829
Regulatory assets 422,431 425,330
Intangible assets 138,103 84,307
Other deferred charges 39,668 37,701
Total assets 7,476,298 6,436,814
Current liabilities    
Long-term debt and finance leases due within one year 125,986 21,128
Accounts payable 158,863 156,589
Accounts payable - affiliate 33,780 0
Customer deposits 58,289 61,736
Provision for rate refund 38,903 35,842
Taxes payable, net 8,931 43,674
Interest accrued 19,001 15,828
Energy risk management liabilities 4,113 468
Regulatory liabilities - other 6,675 2,496
Deferred compensation 12,115 10,753
Other current liabilities 44,683 30,536
Total current liabilities 511,339 379,050
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 657,058 608,030
Postretirement benefit obligations 283,075 249,264
Regulatory liabilities - other 0 2,496
Regulatory liabilities - deferred taxes, net 146,948 155,537
Restricted storm reserve 12,285 15,485
Deferred lease revenue 49,862 0
Intangible liabilities 31,872 0
Asset retirement obligations 23,173 6,881
Operating lease liabilities 25,779 0
Other deferred credits 27,222 20,846
Total long-term liabilities and deferred credits 1,257,274 1,058,539
Long-term debt and finance leases, net 3,064,679 2,874,485
Total liabilities 4,833,292 4,312,074
Commitments and contingencies (Note 15)
Member’s equity    
Member’s equity 2,643,006 2,124,740
Total liabilities and member’s equity 7,476,298 6,436,814
CLECO POWER    
Current assets    
Cash and cash equivalents 55,489 31,987
Restricted cash and cash equivalents 11,100 11,241
Customer accounts receivable (less allowance for doubtful accounts) 39,165 50,043
Accounts receivable - affiliate 14,481 3,318
Other accounts receivable 24,604 24,523
Unbilled revenue 33,207 35,314
Fuel inventory, at average cost 59,602 82,836
Materials and supplies, at average cost 91,941 92,671
Energy risk management assets 6,311 23,355
Accumulated deferred fuel 22,910 20,112
Cash surrender value of company-/trust-owned life insurance policies 17,574 20,497
Prepayments 4,786 6,143
Regulatory assets 10,973 13,603
Other current assets 655 1,162
Total current assets 392,798 416,805
Property, plant, and equipment    
Property, plant, and equipment 5,489,457 5,015,004
Accumulated depreciation (1,905,031) (1,804,563)
Net property, plant, and equipment 3,584,426 3,210,441
Construction work in progress 111,687 351,828
Total property, plant, and equipment, net 3,696,113 3,562,269
Equity investment in investee 17,072 18,172
Prepayments 2,693 2,251
Operating lease right of use assets 28,633 0
Restricted cash and cash equivalents 14,363 18,649
Note receivable 15,198 15,829
Regulatory assets 272,289 261,569
Intangible assets 517 21,093
Other deferred charges 36,854 32,419
Total assets 4,476,530 4,349,056
Current liabilities    
Long-term debt and finance leases due within one year 61,587 21,128
Accounts payable 110,096 146,314
Accounts payable - affiliate 14,123 7,843
Customer deposits 58,289 61,736
Provision for rate refund 38,241 35,842
Taxes payable, net 38,888 48,177
Interest accrued 7,972 8,252
Energy risk management liabilities 586 468
Regulatory liabilities - other 6,675 2,496
Other current liabilities 22,802 22,263
Total current liabilities 359,259 354,519
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 657,834 630,765
Postretirement benefit obligations 206,270 182,721
Regulatory liabilities - other 0 2,496
Regulatory liabilities - deferred taxes, net 146,948 155,537
Restricted storm reserve 12,285 15,485
Asset retirement obligations 7,325 6,881
Operating lease liabilities 25,658 0
Other deferred credits 20,187 18,345
Total long-term liabilities and deferred credits 1,076,507 1,012,230
Long-term debt and finance leases, net 1,327,372 1,387,774
Commitments and contingencies (Note 15)
Member’s equity    
Member’s equity 1,713,392 1,594,533
Total liabilities and member’s equity 4,476,530 4,349,056
Total capitalization $ 3,040,764 $ 2,982,307