Regulatory Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Regulatory Assets [Line Items]

Schedule of Regulatory Assets

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

Cleco
(THOUSANDS)	AT JUNE 30, 2020		AT DEC. 31, 2019
Total Cleco Power regulatory assets, net	$	158,413	$	152,549
2016 Merger adjustments *
Fair value of long-term debt	123,255		127,977
Postretirement costs	16,405		17,399
Financing costs	7,763		7,935
Debt issuance costs	5,421		5,665
Total Cleco regulatory assets, net	$	311,257	$	311,525

* Cleco regulatory assets include acquisition accounting adjustments as a result of the 2016 Merger.

CLECO POWER

Regulatory Assets [Line Items]

Schedule of Regulatory Assets

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

Cleco Power
(THOUSANDS)	AT JUNE 30, 2020		AT DEC. 31, 2019
Regulatory assets (liabilities)
Acadia Unit 1 acquisition costs	$	2,072	$	2,124
Accumulated deferred fuel	24,120		22,910
AFUDC equity gross-up *	71,218		72,766
AMI deferred revenue requirement	2,863		3,136
AROs	3,964		3,668
Corporate franchise tax, net	(851)		(1,145)
Coughlin transaction costs	892		906
COVID-19 executive order	1,890		—
Deferred taxes, net	(147,779)		(146,948)
Dolet Hills accelerated depreciation	7,033		—
Emergency declarations	547		1,349
Energy efficiency	2,820		2,820
Financing costs	7,368		7,554
Interest costs	3,833		3,958
Non-service cost of postretirement benefits	8,243		6,739
Other, net	2,465		(4,543)
Postretirement costs	143,427		151,543
Production operations and maintenance expenses	5,451		7,985
Surcredits, net *	—		145
Training costs	6,163		6,241
Tree trimming costs	12,674		11,341
Total regulatory assets, net	$	158,413	$	152,549
* Represents regulatory assets for past expenditures that were not earning a return on investment at June 30, 2020, and December 31, 2019, respectively. All other assets are earning a return on investment.

Schedule of Regulatory Liabilities

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

Cleco Power
(THOUSANDS)	AT JUNE 30, 2020		AT DEC. 31, 2019
Regulatory assets (liabilities)
Acadia Unit 1 acquisition costs	$	2,072	$	2,124
Accumulated deferred fuel	24,120		22,910
AFUDC equity gross-up *	71,218		72,766
AMI deferred revenue requirement	2,863		3,136
AROs	3,964		3,668
Corporate franchise tax, net	(851)		(1,145)
Coughlin transaction costs	892		906
COVID-19 executive order	1,890		—
Deferred taxes, net	(147,779)		(146,948)
Dolet Hills accelerated depreciation	7,033		—
Emergency declarations	547		1,349
Energy efficiency	2,820		2,820
Financing costs	7,368		7,554
Interest costs	3,833		3,958
Non-service cost of postretirement benefits	8,243		6,739
Other, net	2,465		(4,543)
Postretirement costs	143,427		151,543
Production operations and maintenance expenses	5,451		7,985
Surcredits, net *	—		145
Training costs	6,163		6,241
Tree trimming costs	12,674		11,341
Total regulatory assets, net	$	158,413	$	152,549
* Represents regulatory assets for past expenditures that were not earning a return on investment at June 30, 2020, and December 31, 2019, respectively. All other assets are earning a return on investment.