Regulatory Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2020

Regulatory Assets [Line Items]

Schedule of Regulatory Assets

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

Cleco
(THOUSANDS)	AT SEPT. 30, 2020		AT DEC. 31, 2019
Total Cleco Power regulatory assets, net	$	257,939	$	152,549
2016 Merger adjustments *
Fair value of long-term debt	121,404		127,977
Postretirement costs	15,908		17,399
Financing costs	7,677		7,935
Debt issuance costs	5,337		5,665
Total Cleco regulatory assets, net	$	408,265	$	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 SEPT. 30, 2020		AT DEC. 31, 2019
Regulatory assets (liabilities)
Acadia Unit 1 acquisition costs	$	2,045	$	2,124
Accumulated deferred fuel	43,612		22,910
AFUDC equity gross-up *	70,444		72,766
AMI deferred revenue requirement	2,727		3,136
AROs	4,805		3,668
Corporate franchise tax, net	(1,262)		(1,145)
Coughlin transaction costs	884		906
COVID-19 executive order	2,953		—
Deferred taxes, net	(145,173)		(146,948)
Deferred storm restoration costs — Hurricane Laura	57,669		—
Dolet Hills closure costs	28,635		—
Emergency declarations	408		1,349
Energy efficiency	2,820		2,820
Financing costs	7,276		7,554
Interest costs	3,771		3,958
Non-service cost of postretirement benefits	8,891		6,739
Other, net	3,206		153
Postretirement costs	139,369		151,543
Production operations and maintenance expenses	4,754		7,985
St. Mary Clean Energy Center	1,740		(4,696)
Surcredits, net *	—		145
Training costs	6,124		6,241
Tree trimming costs	12,241		11,341
Total regulatory assets, net	$	257,939	$	152,549
* Represents regulatory assets for past expenditures that were not earning a return on investment at September 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 SEPT. 30, 2020		AT DEC. 31, 2019
Regulatory assets (liabilities)
Acadia Unit 1 acquisition costs	$	2,045	$	2,124
Accumulated deferred fuel	43,612		22,910
AFUDC equity gross-up *	70,444		72,766
AMI deferred revenue requirement	2,727		3,136
AROs	4,805		3,668
Corporate franchise tax, net	(1,262)		(1,145)
Coughlin transaction costs	884		906
COVID-19 executive order	2,953		—
Deferred taxes, net	(145,173)		(146,948)
Deferred storm restoration costs — Hurricane Laura	57,669		—
Dolet Hills closure costs	28,635		—
Emergency declarations	408		1,349
Energy efficiency	2,820		2,820
Financing costs	7,276		7,554
Interest costs	3,771		3,958
Non-service cost of postretirement benefits	8,891		6,739
Other, net	3,206		153
Postretirement costs	139,369		151,543
Production operations and maintenance expenses	4,754		7,985
St. Mary Clean Energy Center	1,740		(4,696)
Surcredits, net *	—		145
Training costs	6,124		6,241
Tree trimming costs	12,241		11,341
Total regulatory assets, net	$	257,939	$	152,549
* Represents regulatory assets for past expenditures that were not earning a return on investment at September 30, 2020, and December 31, 2019, respectively. All other assets are earning a return on investment.