Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 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 SEPT. 30, 2020		AT DEC. 31, 2019
Current
Cleco Katrina/Rita’s storm recovery bonds	$	2,626	$	9,632
Cleco Power’s charitable contributions	1,765		1,200
Cleco Power’s rate credit escrow	228		268
Total current	4,619		11,100
Non-current
Diversified Lands’ mitigation escrow	23		21
Cleco Cajun’s defense fund	721		719
Cleco Cajun’s margin deposits	—		100
Cleco Power’s future storm restoration costs	—		12,269
Cleco Power’s charitable contributions	—		2,094
Total non-current	744		15,203
Total restricted cash and cash equivalents	$	5,363	$	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		OTHER*		TOTAL
Balances, June 30, 2020	$	3,486	$	1,638	$	5,124
Current period provision	2,041		—		2,041
Recovery	54		—		54
Balances, Sept. 30, 2020	$	5,581	$	1,638	$	7,219

* Loan held at Diversified Lands that was fully reserved for at September 30, 2020.

(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, Dec. 31, 2019	$	3,005	$	1,250	$	4,255
CECL adoption	71		—		71
Current period provision	5,675		388		6,063
Charge-offs	(4,091)		—		(4,091)
Recovery	921		—		921
Balances, Sept. 30, 2020	$	5,581	$	1,638	$	7,219

* Loan held at Diversified Lands that was fully reserved for at September 30, 2020.

Cleco Power
(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, June 30, 2020	$	3,486
Current period provision	2,041
Recovery	54
Balances, Sept. 30, 2020	$	5,581

(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, Dec. 31, 2019	$	3,005
CECL adoption	71
Current period provision	5,675
Charge-offs	(4,091)
Recovery	921
Balances, Sept. 30, 2020	$	5,581

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		OTHER*		TOTAL
Balances, June 30, 2020	$	3,486	$	1,638	$	5,124
Current period provision	2,041		—		2,041
Recovery	54		—		54
Balances, Sept. 30, 2020	$	5,581	$	1,638	$	7,219

* Loan held at Diversified Lands that was fully reserved for at September 30, 2020.

(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, Dec. 31, 2019	$	3,005	$	1,250	$	4,255
CECL adoption	71		—		71
Current period provision	5,675		388		6,063
Charge-offs	(4,091)		—		(4,091)
Recovery	921		—		921
Balances, Sept. 30, 2020	$	5,581	$	1,638	$	7,219

* Loan held at Diversified Lands that was fully reserved for at September 30, 2020.

CLECO POWER

Restricted Cash and Cash Equivalents Items [Line Items]

Restricted Cash and Cash Equivalents

Cleco Power
(THOUSANDS)	AT SEPT. 30, 2020		AT DEC. 31, 2019
Current
Cleco Katrina/Rita’s storm recovery bonds	$	2,626	$	9,632
Charitable contributions	1,765		1,200
Rate credit escrow	228		268
Total current	4,619		11,100
Non-current
Future storm restoration costs	—		12,269
Charitable contributions	—		2,094
Total non-current	—		14,363
Total restricted cash and cash equivalents	$	4,619	$	25,463