XML 20 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 309,012 $ 116,292
Restricted cash and cash equivalents 4,702 11,100
Customer accounts receivable (less allowance for credit losses) 85,019 83,591
Other accounts receivable 37,311 35,731
Unbilled revenue 40,132 33,207
Fuel inventory, at average cost 125,214 83,061
Materials and supplies, at average cost 123,613 118,858
Energy risk management assets 11,565 7,023
Accumulated deferred fuel 24,120 22,910
Cash surrender value of company-/trust-owned life insurance policies 80,307 86,096
Prepayments 13,788 7,711
Regulatory assets 18,871 19,807
Other current assets 13,208 12,688
Total current assets 886,862 638,075
Property, plant, and equipment    
Property, plant, and equipment 5,103,887 4,982,255
Accumulated depreciation (553,171) (454,874)
Net property, plant, and equipment 4,550,716 4,527,381
Construction work in progress 120,259 117,630
Total property, plant, and equipment, net 4,670,975 4,645,011
Equity investment in investee 17,072 17,072
Goodwill 1,490,797 1,490,797
Prepayments 30,534 25,949
Operating lease right of use assets 27,947 28,791
Restricted cash and cash equivalents 9,170 15,203
Note receivable 14,860 15,198
Regulatory assets 416,896 422,431
Intangible assets 124,659 138,103
Other deferred charges 39,408 39,668
Total assets 7,729,180 7,476,298
Current liabilities    
Short-term debt 238,000 0
Long-term debt and finance leases due within one year 63,948 125,986
Accounts payable 131,012 158,863
Accounts payable - affiliate 33,780 33,780
Customer deposits 58,992 58,289
Provision for rate refund 20,428 38,903
Taxes payable, net 28,460 8,931
Interest accrued 16,291 19,001
Energy risk management liabilities 5,720 4,113
Regulatory liabilities - other 851 6,675
Deferred compensation 11,065 12,115
Other current liabilities 49,604 44,683
Total current liabilities 658,151 511,339
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 672,648 657,058
Postretirement benefit obligations 284,931 283,075
Regulatory liabilities - deferred taxes, net 147,779 146,948
Restricted storm reserve 8,328 12,285
Deferred lease revenue 45,259 49,862
Intangible liabilities 28,366 31,872
Asset retirement obligations 27,306 23,173
Operating lease liabilities 24,513 25,779
Other deferred credits 28,268 27,222
Total long-term liabilities and deferred credits 1,267,398 1,257,274
Long-term debt and finance leases, net 3,110,273 3,064,679
Total liabilities 5,035,822 4,833,292
Commitments and contingencies (Note 14)
Member’s equity    
Member’s equity 2,693,358 2,643,006
Total liabilities and member’s equity 7,729,180 7,476,298
CLECO POWER    
Current assets    
Cash and cash equivalents 139,980 55,489
Restricted cash and cash equivalents 4,702 11,100
Customer accounts receivable (less allowance for credit losses) 41,667 39,165
Accounts receivable - affiliate 13,697 14,481
Other accounts receivable 30,442 24,604
Unbilled revenue 40,132 33,207
Fuel inventory, at average cost 91,078 59,602
Materials and supplies, at average cost 96,196 91,941
Energy risk management assets 8,670 6,311
Accumulated deferred fuel 24,120 22,910
Cash surrender value of company-/trust-owned life insurance policies 16,129 17,574
Prepayments 6,555 4,786
Regulatory assets 11,135 10,973
Other current assets 661 655
Total current assets 525,164 392,798
Property, plant, and equipment    
Property, plant, and equipment 5,604,177 5,489,457
Accumulated depreciation (1,976,087) (1,905,031)
Net property, plant, and equipment 3,628,090 3,584,426
Construction work in progress 112,034 111,687
Total property, plant, and equipment, net 3,740,124 3,696,113
Equity investment in investee 17,072 17,072
Prepayments 1,623 2,693
Operating lease right of use assets 27,492 28,633
Restricted cash and cash equivalents 8,327 14,363
Note receivable 14,860 15,198
Regulatory assets 271,788 272,289
Other deferred charges 38,114 37,371
Total assets 4,644,564 4,476,530
Current liabilities    
Short-term debt 150,000 0
Long-term debt and finance leases due within one year 648 61,587
Accounts payable 91,436 110,096
Accounts payable - affiliate 10,966 14,123
Customer deposits 58,992 58,289
Provision for rate refund 19,614 38,241
Taxes payable, net 63,223 38,888
Interest accrued 5,915 7,972
Energy risk management liabilities 1,159 586
Regulatory liabilities - other 851 6,675
Other current liabilities 25,788 22,802
Total current liabilities 428,592 359,259
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 663,438 657,834
Postretirement benefit obligations 208,662 206,270
Regulatory liabilities - deferred taxes, net 147,779 146,948
Restricted storm reserve 8,328 12,285
Asset retirement obligations 11,070 7,325
Operating lease liabilities 24,397 25,658
Other deferred credits 20,378 20,187
Total long-term liabilities and deferred credits 1,084,052 1,076,507
Long-term debt and finance leases, net 1,377,491 1,327,372
Total capitalization 3,131,920 3,040,764
Commitments and contingencies (Note 14)
Member’s equity    
Member’s equity 1,754,429 1,713,392
Total liabilities and member’s equity $ 4,644,564 $ 4,476,530