XML 49 R32.htm IDEA: XBRL DOCUMENT v3.20.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Accounting Policies [Line Items]  
Schedule of Amortization of Computer Software Amortization of capitalized computer software costs charged to expense in Cleco and Cleco Power’s Consolidated Statements of Income for the years ending December 31, 2020, 2019, and 2018 is shown in the following tables:
Cleco
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)202020192018
Amortization
$11,015 $4,917 $2,154 
The following tables present Cleco and Cleco Power’s amortization of intangible assets and liabilities:

Cleco
 
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)202020192018
Intangible assets
Cleco Katrina/Rita right to bill and collect storm recover charges
$517 $20,576 $20,608 
Trade name$255 $255 $255 
Power supply agreements$25,600 $24,273 $9,680 
Intangible liabilities
LTSA$3,484 $3,234 $— 
Power supply agreements$3,528 $3,194 $— 
No impairments for intangibles in the table above for 2020, 2019, and 2018.
Schedule of Property, Plant, and Equipment Depreciation on all other property, plant, and equipment is calculated primarily on a straight-line basis over the useful lives of the assets. The following table presents the useful lives of depreciable assets for Cleco and Cleco Power:
CATEGORY (YEARS)CLECOCLECO POWER
Utility Plants
Generation
6–9510–95
Distribution
15–5015–50
Transmission
5–555–55
Other utility plant
2–455–45
Other property, plant, and equipment
5–455–45

At December 31, 2020, and 2019, Cleco and Cleco Power’s property, plant, and equipment consisted of the following:

Cleco
AT DEC. 31,
(THOUSANDS)20202019
Utility plants
Generation$2,915,349 $2,812,843 
Distribution1,357,714 1,153,086 
Transmission667,398 660,279 
Other utility plant391,057 350,683 
Other property, plant, and equipment5,672 5,364 
Total property, plant, and equipment5,337,190 4,982,255 
Accumulated depreciation(672,271)(454,874)
Net property, plant, and equipment$4,664,919 $4,527,381 
Schedule of 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, Dec. 31, 2019$3,005 $1,250 $4,255 
CECL adoption71 — 71 
Current period provision5,029 388 5,417 
Charge-offs(6,423)— (6,423)
Recovery1,076 — 1,076 
Balances, Dec. 31, 2020$2,758 $1,638 $4,396 
* Loan held at Diversified Lands that was fully reserved for at December 31, 2020.
Cleco Power
(THOUSANDS)ACCOUNTS
RECEIVABLE
Balances, Dec. 31, 2019$3,005 
CECL adoption71 
Current period provision5,029 
Charge-offs(6,423)
Recovery1,076 
Balances, Dec. 31, 2020$2,758 
Schedule of Restricted Cash and Cash Equivalents
Cleco and Cleco Power’s restricted cash and cash equivalents consisted of:

Cleco
AT DEC. 31,
(THOUSANDS)20202019
Current
Cleco Katrina/Rita’s storm recovery bonds$2,626 $9,632 
Cleco Power’s charitable contributions1,718 1,200 
Cleco Power’s rate credit escrow201 268 
Total current4,545 11,100 
Non-current
Diversified Lands’ mitigation escrow22 21 
Cleco Cajun’s defense fund722 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-current744 15,203 
Total restricted cash and cash equivalents$5,289 $26,303 
CLECO POWER  
Accounting Policies [Line Items]  
Schedule of Amortization of Computer Software
Cleco Power
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)202020192018
Amortization
$10,379 $4,321 $1,607 
Cleco Power
 
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)202020192018
Cleco Katrina/Rita right to bill and collect storm recovery charges
$517 $20,576 $20,608 
Schedule of Property, Plant, and Equipment
Cleco Power
AT DEC. 31,
(THOUSANDS)20202019
Regulated utility plants
Generation$2,673,271 $2,633,590 
Distribution1,796,841 1,593,104 
Transmission857,833 805,701 
Other utility plant496,433 457,062 
Total property, plant, and equipment5,824,378 5,489,457 
Accumulated depreciation(2,067,362)(1,905,031)
Net property, plant, and equipment$3,757,016 $3,584,426 
Schedule of Restricted Cash and Cash Equivalents
Cleco Power
AT DEC. 31,
(THOUSANDS)20202019
Current
Cleco Katrina/Rita’s storm recovery bonds$2,626 $9,632 
Charitable contributions1,718 1,200 
Rate credit escrow201 268 
Total current4,545 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$4,545 $25,463