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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 350,231 $ 116,292
Restricted cash and cash equivalents 4,054 11,100
Customer accounts receivable (less allowance for credit losses) 71,796 83,591
Other accounts receivable 29,485 35,731
Unbilled revenue 30,434 33,207
Fuel inventory, at average cost 109,232 83,061
Materials and supplies, at average cost 120,646 118,858
Energy risk management assets 1,992 7,023
Accumulated deferred fuel 16,353 22,910
Cash surrender value of company-/trust-owned life insurance policies 75,411 86,096
Prepayments 6,518 7,711
Regulatory assets 18,643 19,807
Other current assets 12,356 12,688
Total current assets 847,151 638,075
Property/Utility, plant, and equipment    
Property, plant, and equipment 5,038,241 4,982,255
Accumulated depreciation (503,554) (454,874)
Net property, plant, and equipment 4,534,687 4,527,381
Construction work in progress 121,575 117,630
Total property/utility, plant, and equipment, net 4,656,262 4,645,011
Equity investment in investee 17,072 17,072
Goodwill 1,490,797 1,490,797
Prepayments 27,794 25,949
Operating lease right of use assets 28,447 28,791
Restricted cash and cash equivalents 9,899 15,203
Note receivable 15,031 15,198
Regulatory assets 415,226 422,431
Intangible assets 131,122 138,103
Other deferred charges 37,394 39,668
Total assets 7,676,195 7,476,298
Current liabilities    
Short-term debt 238,000 0
Long-term debt and finance leases due within one year 63,932 125,986
Accounts payable 104,091 158,863
Accounts payable - affiliate 33,780 33,780
Customer deposits 59,192 58,289
Provision for rate refund 29,735 38,903
Taxes payable, net 23,902 8,931
Interest accrued 41,731 19,001
Energy risk management liabilities 9,697 4,113
Regulatory liabilities - other 3,910 6,675
Deferred compensation 9,371 12,115
Other current liabilities 45,699 44,683
Total current liabilities 663,040 511,339
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 655,027 657,058
Postretirement benefit obligations 283,830 283,075
Regulatory liabilities - deferred taxes, net 146,225 146,948
Restricted storm reserve 8,324 12,285
Deferred lease revenue 47,561 49,862
Intangible liabilities 30,119 31,872
Asset retirement obligations 23,489 23,173
Operating lease liabilities 25,119 25,779
Other deferred credits 30,474 27,222
Total long-term liabilities and deferred credits 1,250,168 1,257,274
Long-term debt and finance leases, net 3,113,239 3,064,679
Total liabilities 5,026,447 4,833,292
Commitments and contingencies (Note 14)
Member’s equity    
Member’s equity 2,649,748 2,643,006
Total liabilities and member’s equity 7,676,195 7,476,298
CLECO POWER    
Current assets    
Cash and cash equivalents 189,423 55,489
Restricted cash and cash equivalents 4,054 11,100
Customer accounts receivable (less allowance for credit losses) 30,735 39,165
Accounts receivable - affiliate 12,037 14,481
Other accounts receivable 24,852 24,604
Unbilled revenue 30,434 33,207
Fuel inventory, at average cost 80,459 59,602
Materials and supplies, at average cost 93,544 91,941
Energy risk management assets 1,673 6,311
Accumulated deferred fuel 16,353 22,910
Cash surrender value of company-/trust-owned life insurance policies 17,614 17,574
Prepayments 4,469 4,786
Regulatory assets 10,907 10,973
Other current assets 646 655
Total current assets 517,200 392,798
Property/Utility, plant, and equipment    
Property, plant, and equipment 5,542,292 5,489,457
Accumulated depreciation (1,941,674) (1,905,031)
Net property, plant, and equipment 3,600,618 3,584,426
Construction work in progress 114,710 111,687
Total property/utility, plant, and equipment, net 3,715,328 3,696,113
Equity investment in investee 17,072 17,072
Prepayments 1,686 2,693
Operating lease right of use assets 27,883 28,633
Restricted cash and cash equivalents 9,056 14,363
Note receivable 15,031 15,198
Regulatory assets 267,602 272,289
Other deferred charges 36,791 37,371
Total assets 4,607,649 4,476,530
Current liabilities    
Short-term debt 150,000 0
Long-term debt and finance leases due within one year 632 61,587
Accounts payable 77,892 110,096
Accounts payable - affiliate 10,486 14,123
Customer deposits 59,192 58,289
Provision for rate refund 28,921 38,241
Taxes payable, net 46,988 38,888
Interest accrued 23,232 7,972
Energy risk management liabilities 524 586
Regulatory liabilities - other 3,910 6,675
Other current liabilities 22,497 22,802
Total current liabilities 424,274 359,259
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 664,071 657,834
Postretirement benefit obligations 207,293 206,270
Regulatory liabilities - deferred taxes, net 146,225 146,948
Restricted storm reserve 8,324 12,285
Asset retirement obligations 7,441 7,325
Operating lease liabilities 25,001 25,658
Other deferred credits 21,875 20,187
Total long-term liabilities and deferred credits 1,080,230 1,076,507
Long-term debt and finance leases, net 1,377,432 1,327,372
Total capitalization 3,103,145 3,040,764
Commitments and contingencies (Note 14)
Member’s equity    
Member’s equity 1,725,713 1,713,392
Total liabilities and member’s equity $ 4,607,649 $ 4,476,530