Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Restricted Cash and Cash Equivalents Items [Line Items]

Restricted Cash and Cash Equivalents

Cleco and Cleco Power’s restricted cash and cash equivalents consisted of the following:

Cleco
(THOUSANDS)	AT MAR. 31, 2020		AT DEC. 31, 2019
Current
Cleco Katrina/Rita’s storm recovery bonds	$	2,623	$	9,632
Cleco Power’s charitable contributions	1,200		1,200
Cleco Power’s rate credit escrow	231		268
Total current	4,054		11,100
Non-current
Diversified Lands’ mitigation escrow	23		21
Cleco Cajun’s defense fund	720		719
Cleco Cajun’s margin deposits	100		100
Cleco Power’s future storm restoration costs	8,315		12,269
Cleco Power’s charitable contributions	741		2,094
Total non-current	9,899		15,203
Total restricted cash and cash equivalents	$	13,953	$	26,303

Changes in Allowance for Credit Losses, Accounts Receivable

The table below presents the changes in the allowance for credit losses by receivable for Cleco and Cleco Power:

Cleco
(THOUSANDS)	ACCOUNTS RECEIVABLE			OTHERS*		TOTAL
Balances, Dec. 31, 2019	$	3,005		$	1,250	$	4,255
CECL adoption	71			—		71
Current period provision	2,498			388		2,886
Charge-offs	(4,092		)	—		(4,092		)
Recovery	641			—		641
Balances, Mar. 31, 2020	$	2,123		$	1,638	$	3,761

^* Loan held at Diversified Lands that is fully reserved for at March 31, 2020.

Changes in Allowance for Credit Losses, Other

The table below presents the changes in the allowance for credit losses by receivable for Cleco and Cleco Power:

Cleco
(THOUSANDS)	ACCOUNTS RECEIVABLE			OTHERS*		TOTAL
Balances, Dec. 31, 2019	$	3,005		$	1,250	$	4,255
CECL adoption	71			—		71
Current period provision	2,498			388		2,886
Charge-offs	(4,092		)	—		(4,092		)
Recovery	641			—		641
Balances, Mar. 31, 2020	$	2,123		$	1,638	$	3,761

CLECO POWER

Restricted Cash and Cash Equivalents Items [Line Items]

Restricted Cash and Cash Equivalents

Cleco Power
(THOUSANDS)	AT MAR. 31, 2020		AT DEC. 31, 2019
Current
Cleco Katrina/Rita’s storm recovery bonds	$	2,623	$	9,632
Charitable contributions	1,200		1,200
Rate credit escrow	231		268
Total current	4,054		11,100
Non-current
Future storm restoration costs	8,315		12,269
Charitable contributions	741		2,094
Total non-current	9,056		14,363
Total restricted cash and cash equivalents	$	13,110	$	25,463

Changes in Allowance for Credit Losses, Accounts Receivable

Cleco Power
(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, Dec. 31, 2019	$	3,005
CECL adoption	71
Current period provision	2,498
Charge-offs	(4,092		)
Recovery	641
Balances, Mar. 31, 2020	$	2,123