Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2020

Equity [Abstract]

Accumulated Other Comprehensive Loss

Note 18 — Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss are summarized in the following tables for Cleco and Cleco Power. All amounts are reported net of income taxes. Amounts in parentheses indicate debits.

Cleco
(THOUSANDS)	POSTRETIREMENT BENEFIT NET GAIN (LOSS)
Balances, Dec. 31, 2017	$	(2,921)
Other comprehensive income before reclassifications
Postretirement benefit adjustments incurred during the year	3,681
Amounts reclassified from accumulated other comprehensive income
Amortization of postretirement benefit net loss	1,615
Reclassification of effect of tax rate change	(589)
Balances, Dec. 31, 2018	$	1,786
Other comprehensive income before reclassifications
Postretirement benefit adjustments incurred during the year	(18,877)
Amounts reclassified from accumulated other comprehensive income
Amortization of postretirement benefit net gain	(422)
Balances, Dec. 31, 2019	$	(17,513)
Other comprehensive income before reclassifications
Postretirement benefit adjustments incurred during the year	(10,026)
Amounts reclassified from accumulated other comprehensive income
Amortization of postretirement benefit net loss	1,743
Balances, Dec. 31, 2020	$	(25,796)

Cleco Power
(THOUSANDS)	POSTRETIREMENT BENEFIT NET (LOSS) GAIN		NET (LOSS) GAIN ON CASH FLOW HEDGES		TOTAL AOCI
Balances, Dec. 31, 2017	$	(8,377)	$	(5,306)	$	(13,683)
Other comprehensive loss before reclassifications
Postretirement benefit adjustments incurred during the year	954		—		954
Amounts reclassified from accumulated other comprehensive loss
Amortization of postretirement benefit net loss	1,789		—		1,789
Reclassification of net loss to interest charges	—		254		254
Reclassification of effect of tax rate change	(1,426)		(1,070)		(2,496)
Balances, Dec. 31, 2018	$	(7,060)	$	(6,122)	$	(13,182)
Other comprehensive loss before reclassifications
Postretirement benefit adjustments incurred during the year	(10,344)		—		(10,344)
Amounts reclassified from accumulated other comprehensive loss
Amortization of postretirement benefit net loss	687		—		687
Reclassification of net loss to interest charges	—		254		254
Balances, Dec. 31, 2019	$	(16,717)	$	(5,868)	$	(22,585)
Other comprehensive loss before reclassifications
Postretirement benefit adjustments incurred during the year	(4,050)		—		(4,050)
Amounts reclassified from accumulated other comprehensive loss
Amortization of postretirement benefit net loss	1,628		—		1,628
Reclassification of net gain to interest charges	—		254		254
Balances, Dec. 31, 2020	$	(19,139)	$	(5,614)	$	(24,753)