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Leases (Tables)
 12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Schedule of Future Minimum Lease Payments Due Under Long-Term Operating Leases
The following is a schedule by year of future minimum lease payments due under Cleco and Cleco Power’s long-term operating leases together with the present value of the net minimum lease payments as of December 31, 2020:

(THOUSANDS)CLECO POWERCLECO
Years ending Dec. 31,
2021$3,543 $3,682 
20223,289 3,320 
20233,234 3,262 
20243,216 3,236 
20253,216 3,216 
Thereafter15,401 15,401 
Total minimum lease payments
31,899 32,117 
Less: amount representing interest
5,932 5,982 
Present value of net minimum operating lease payments
$25,967 $26,135 
Current liabilities
$2,672 $2,802 
Non-current liabilities$23,295 $23,333 
Schedule of Leased Property Under Finance Lease
The following is an analysis of the leased property under the finance lease:

(THOUSANDS)AT DEC. 31, 2020AT DEC. 31, 2019
Barges$16,800 $16,800 
Accumulated amortization(3,080)(1,960)
Net finance lease asset$13,720 $14,840 
Schedule of Future Minimum Lease Payments Due Under Finance Lease
The following is a schedule by year of future minimum lease payments due under the finance lease together with the present value of the net minimum lease payments as of December 31, 2020:

(THOUSANDS)
Years ending Dec. 31,
2021$2,203 
20222,203 
20232,203 
20242,203 
20252,203 
Thereafter15,472 
Total minimum lease payments26,487 
Less: amount representing interest11,243 
Present value of net minimum finance lease payments$15,244 
Current liabilities$682 
Non-current liabilities$14,562 
The principal amounts payable under the finance lease agreement for each year through 2025 and thereafter are as follows:

(THOUSANDS)CLECOCLECO POWER
For the year ending Dec. 31,
2021$682 $682 
2022$755 $755 
2023$836 $836 
2024$925 $925 
2025$1,023 $1,023 
Thereafter$11,023 $11,023 
Schedule of Total Lease Costs, Supplemental Cash Flow Information, and Other Supplemental Information The following tables reflect total lease costs for Cleco and Cleco Power for the years ended December 31, 2020, and 2019:
Cleco
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20202019
Finance lease cost
Amortization of ROU assets
$1,120 $1,120 
Interest on lease liabilities
1,587 1,646 
Operating lease cost
4,576 4,528 
Variable lease cost
301 515 
Total lease cost
$7,584 $7,809 

Cleco Power
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20202019
Finance lease cost
Amortization of ROU assets
$1,120 $1,120 
Interest on lease liabilities
1,587 1,646 
Operating lease cost
4,191 4,303 
Variable lease cost
301 515 
Total lease cost
$7,199 $7,584 
The following tables present additional information related to Cleco and Cleco Power’s operating and finance leases as of and for the years ended December 31, 2020, and 2019:

Cleco
AT DEC. 31,
(THOUSANDS)BALANCE SHEET LINE ITEM20202019
Supplemental balance sheet information
ROU assets
Operating
Operating lease right of use assets
$26,172 $28,791 
Finance
Property, plant, and equipment
13,720 14,840 
Total ROU assets
$39,892 

$43,631 
Current lease liabilities
Operating
Other current liabilities
$2,802 $2,978 
Finance
Long-term debt and finance leases due within one year
682 617 
Non-current lease liabilities
Operating
Operating lease liabilities
23,333 25,779 
Finance
Long-term debt and finance leases, net
14,562 15,244 
Total lease liabilities
$41,379 $44,618 

Cleco Power
AT DEC. 31,
(THOUSANDS)BALANCE SHEET LINE ITEM20202019
Supplemental balance sheet information
ROU assets
Operating
Operating lease right of use assets
$26,006 $28,633 
Finance
Property, plant, and equipment
13,720 14,840 
Total ROU assets
$39,726 

$43,473 
Current lease liabilities
Operating
Other current liabilities
$2,672 $2,935 
Finance
Long-term debt and finance leases due within one year
682 617 
Non-current lease liabilities
Operating
Operating lease liabilities
23,295 25,658 
Finance
Long-term debt and finance leases, net
14,562 15,244 
Total lease liabilities
$41,211 $44,454 
Cleco
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20202019
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$4,504 $4,452 
Operating cash flows from finance leases
$1,587 $1,646 
Financing cash flows from finance leases
$617 $557 
ROU assets obtained in exchange for new lease liabilities
$— $15,881 
Cleco Power
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20202019
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$4,120 $4,203 
Operating cash flows from finance leases
$1,587 $1,646 
Financing cash flows from finance leases
$617 $557 
ROU assets obtained in exchange for new lease liabilities
$— $15,749 

Cleco
AT DEC. 31,
(THOUSANDS)20202019
Other supplemental information
Operating leases
Weighted-average remaining lease term
9.9 years10.8 years
Weighted-average discount rate
4.31 %4.31 %
Finance leases
Weighted-average remaining lease term
12.3 years13.3 years
Weighted-average discount rate
10.18 %10.18 %

Cleco Power
AT DEC. 31, 2020
(THOUSANDS)20202019
Other supplemental information
Operating leases
Weighted-average remaining lease term
10.0 years10.8 years
Weighted-average discount rate
4.31 %4.31 %
Finance leases
Weighted-average remaining lease term
12.3 years13.3 years
Weighted-average discount rate
10.18 %10.18 %
Schedule of Lease Income Under Cottonwood Sale Leaseback
Cleco Cajun is Cleco’s only entity with lessor arrangements. Cleco Cajun’s lease income under the Cottonwood Sale Leaseback for the years ended December 31, 2020, and 2019 was as follows:

FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20202019
Fixed payments$40,000 $36,667 
Variable payments20,883 20,415 
Amortization of deferred lease liability(1)
9,205 8,438 
Total lease income$70,088 $65,520 
(1)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.
Schedule of Remaining Minimum Lease Payments to be Received Under Cottonwood Sale Leaseback
The remaining minimum lease payments to be received under the Cottonwood Sale Leaseback are as follows:

(THOUSANDS)
Years ending Dec. 31,
2021$40,000 
202240,000 
202340,000 
202440,000 
202516,667 
Total payments$176,667 
Schedule of Property Associated with Cottonwood Sale Leaseback Property associated with the Cottonwood Sale Leaseback was as follows:
AT DEC. 31,
(THOUSANDS)20202019
Property, plant, and equipment$552,659 $540,409 
Accumulated depreciation(52,053)(22,741)
Net property, plant, and equipment$500,606 $517,668