Regulatory Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Regulatory Assets and Liabilities [Line Items]

Schedule of Regulatory Assets

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

Cleco
	AT DEC. 31,
(THOUSANDS)	2020		2019
Total Cleco Power regulatory assets, net	$	275,469	$	152,549
2016 Merger adjustments (1)
Fair value of long-term debt	119,553		127,977
Postretirement costs	15,411		17,399
Financing costs	7,592		7,935
Debt issuance costs	5,254		5,665
Total Cleco regulatory assets, net	$	423,279	$	311,525

(1) Cleco regulatory assets include acquisition accounting adjustments as a result of the 2016 Merger.

Schedule of Regulatory Liabilities

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

Cleco
	AT DEC. 31,
(THOUSANDS)	2020		2019
Total Cleco Power regulatory assets, net	$	275,469	$	152,549
2016 Merger adjustments (1)
Fair value of long-term debt	119,553		127,977
Postretirement costs	15,411		17,399
Financing costs	7,592		7,935
Debt issuance costs	5,254		5,665
Total Cleco regulatory assets, net	$	423,279	$	311,525

(1) Cleco regulatory assets include acquisition accounting adjustments as a result of the 2016 Merger.

CLECO POWER

Regulatory Assets and Liabilities [Line Items]

Schedule of Regulatory Assets

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

Cleco Power
	AT DEC. 31,				REMAINING RECOVERY PERIOD (YRS.)
(THOUSANDS)	2020		2019
Regulatory assets
Acadia Unit 1 acquisition costs	$	2,019	$	2,124	19
Accumulated deferred fuel	28,194		22,910		*
AFUDC equity gross-up (1)	69,670		72,766		*
AMI deferred revenue requirement	2,591		3,136		5
AROs	5,488		3,668		*
Coughlin transaction costs	876		906		28.5
COVID-19 executive order	2,953		—		*
Deferred storm restoration costs - Hurricane Delta	17,051		—		*
Deferred storm restoration costs - Hurricane Laura	54,406		—		*
Deferred storm restoration costs - Hurricane Zeta	3,493		—		*
Dolet Hills closure costs	48,982		—		*
Emergency declarations	270		1,349		0.5
Energy efficiency	2,820		2,820		2
Financing costs	7,184		7,554		*
Interest costs	3,708		3,958		*
Non-service cost of postretirement benefits	9,901		6,739		*
Other	4,229		987		*
Postretirement costs	165,437		151,543		*
Production operations and maintenance expenses	4,058		7,985		*
Rodemacher Unit 2 closure costs	1,333		—		*
St. Mary Clean Energy Center	3,479		—		*
Surcredits, net (1)	—		145		*
Training costs	6,085		6,241		39
Tree trimming costs	11,807		11,341		*
Total regulatory assets	456,034		306,172
Regulatory liabilities
AFUDC	(4,218)		—		*
Corporate franchise tax, net	(763)		(1,145)		*
Deferred taxes, net	(175,584)		(146,948)		*
Other	—		(834)		*
St. Mary Clean Energy Center	—		(4,696)		*
Total regulatory liabilities	(180,565)		(153,623)
Total regulatory assets, net	$	275,469	$	152,549
(1)Represents regulatory assets for past expenditures that were not earning a return on investment at December 31, 2020, and 2019, respectively. All other assets are earning a return on investment. * For information related to the remaining recovery periods, refer to the following disclosures for each specific regulatory asset.

Schedule of Regulatory Liabilities

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

Cleco Power
	AT DEC. 31,				REMAINING RECOVERY PERIOD (YRS.)
(THOUSANDS)	2020		2019
Regulatory assets
Acadia Unit 1 acquisition costs	$	2,019	$	2,124	19
Accumulated deferred fuel	28,194		22,910		*
AFUDC equity gross-up (1)	69,670		72,766		*
AMI deferred revenue requirement	2,591		3,136		5
AROs	5,488		3,668		*
Coughlin transaction costs	876		906		28.5
COVID-19 executive order	2,953		—		*
Deferred storm restoration costs - Hurricane Delta	17,051		—		*
Deferred storm restoration costs - Hurricane Laura	54,406		—		*
Deferred storm restoration costs - Hurricane Zeta	3,493		—		*
Dolet Hills closure costs	48,982		—		*
Emergency declarations	270		1,349		0.5
Energy efficiency	2,820		2,820		2
Financing costs	7,184		7,554		*
Interest costs	3,708		3,958		*
Non-service cost of postretirement benefits	9,901		6,739		*
Other	4,229		987		*
Postretirement costs	165,437		151,543		*
Production operations and maintenance expenses	4,058		7,985		*
Rodemacher Unit 2 closure costs	1,333		—		*
St. Mary Clean Energy Center	3,479		—		*
Surcredits, net (1)	—		145		*
Training costs	6,085		6,241		39
Tree trimming costs	11,807		11,341		*
Total regulatory assets	456,034		306,172
Regulatory liabilities
AFUDC	(4,218)		—		*
Corporate franchise tax, net	(763)		(1,145)		*
Deferred taxes, net	(175,584)		(146,948)		*
Other	—		(834)		*
St. Mary Clean Energy Center	—		(4,696)		*
Total regulatory liabilities	(180,565)		(153,623)
Total regulatory assets, net	$	275,469	$	152,549
(1)Represents regulatory assets for past expenditures that were not earning a return on investment at December 31, 2020, and 2019, respectively. All other assets are earning a return on investment. * For information related to the remaining recovery periods, refer to the following disclosures for each specific regulatory asset.