Leases (Tables)

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lease Income Under Cottonwood Sale Leaseback

Cleco Cajun’s lease income under the Cottonwood Sale Leaseback for the three and nine months ended September 30, 2020, and 2019, was as follows:

	FOR THE THREE MONTHS ENDED SEPT. 30,				FOR THE NINE MONTHS ENDED SEPT. 30,
(THOUSANDS)	2020		2019		2020		2019
Fixed payments	$	10,000	$	10,000	$	30,000	$	26,667
Variable payments	5,190		6,010		15,950		14,248
Amortization of deferred lease liability*	2,301		2,301		6,904		6,137
Total lease income	$	17,491	$	18,311	$	52,854	$	47,052

* Consists of amortization of the deferred lease revenue resulting from the fair value of the lease between Cottonwood Energy and a special-purpose entity that is a subsidiary of NRG Energy. For more information, see Note 2 — “Business Combinations.”