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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 84,976 $ 116,292
Restricted cash and cash equivalents 4,545 11,100
Customer accounts receivable (less allowance for doubtful accounts) 82,511 83,591
Other accounts receivable 32,076 35,731
Unbilled revenue 40,127 33,207
Fuel inventory, at average cost 109,494 83,061
Materials and supplies, at average cost 132,449 118,858
Energy risk management assets 13,081 7,023
Accumulated deferred fuel 28,194 22,910
Cash surrender value of company-/trust-owned life insurance policies 89,138 86,096
Prepayments 14,549 7,711
Regulatory assets 21,041 19,807
Other current assets 12,711 12,688
Total current assets 664,892 638,075
Property, plant, and equipment    
Property, plant, and equipment 5,337,190 4,982,255
Accumulated depreciation (672,271) (454,874)
Net property, plant, and equipment 4,664,919 4,527,381
Construction work in progress 124,622 117,630
Total property, plant, and equipment, net 4,789,541 4,645,011
Equity investment in investee 9,072 17,072
Goodwill 1,490,797 1,490,797
Prepayments 23,405 25,949
Operating lease right of use assets 26,172 28,791
Restricted cash and cash equivalents 744 15,203
Note receivable 14,506 15,198
Regulatory assets 554,609 422,431
Intangible assets 111,731 138,103
Other deferred charges 40,100 39,668
Total assets 7,725,569 7,476,298
Current liabilities    
Short-term debt 75,000 0
Long-term debt and finance leases due within one year 66,682 125,986
Accounts payable 161,357 158,863
Accounts payable - affiliate 41,283 33,780
Customer deposits 58,718 58,289
Provision for rate refund 9,444 38,903
Taxes payable, net 7,530 8,931
Interest accrued 15,583 19,001
Energy risk management liabilities 2,453 4,113
Regulatory liabilities - other 23,509 6,675
Deferred compensation 13,240 12,115
Other current liabilities 49,813 44,683
Total current liabilities 524,612 511,339
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 661,376 657,058
Postretirement benefit obligations 314,653 283,075
Regulatory liabilities - deferred taxes, net 157,056 146,948
Restricted storm reserve 0 12,285
Deferred lease revenue 40,657 49,862
Intangible liabilities 24,859 31,872
Asset retirement obligations 27,986 23,173
Operating lease liabilities 23,333 25,779
Other deferred credits 28,627 27,222
Total long-term liabilities and deferred credits 1,278,547 1,257,274
Long-term debt and finance leases, net 3,165,387 3,064,679
Total liabilities 4,968,546 4,833,292
Commitments and contingencies (Note 15)
Member’s equity    
Member’s equity 2,757,023 2,643,006
Total liabilities and member’s equity 7,725,569 7,476,298
CLECO POWER    
Current assets    
Cash and cash equivalents 24,846 55,489
Restricted cash and cash equivalents 4,545 11,100
Customer accounts receivable (less allowance for doubtful accounts) 43,852 39,165
Accounts receivable - affiliate 14,605 14,481
Other accounts receivable 27,535 24,604
Unbilled revenue 40,127 33,207
Fuel inventory, at average cost 63,234 59,602
Materials and supplies, at average cost 105,340 91,941
Energy risk management assets 4,337 6,311
Accumulated deferred fuel 28,194 22,910
Cash surrender value of company-/trust-owned life insurance policies 16,184 17,574
Prepayments 7,163 4,786
Regulatory assets 13,305 10,973
Other current assets 830 655
Total current assets 394,097 392,798
Property, plant, and equipment    
Property, plant, and equipment 5,824,378 5,489,457
Accumulated depreciation (2,067,362) (1,905,031)
Net property, plant, and equipment 3,757,016 3,584,426
Construction work in progress 110,613 111,687
Total property, plant, and equipment, net 3,867,629 3,696,113
Equity investment in investee 9,072 17,072
Prepayments 1,496 2,693
Operating lease right of use assets 26,006 28,633
Restricted cash and cash equivalents 0 14,363
Note receivable 14,506 15,198
Regulatory assets 414,535 272,289
Other deferred charges 38,806 37,371
Total assets 4,766,147 4,476,530
Current liabilities    
Short-term debt 75,000 0
Long-term debt and finance leases due within one year 682 61,587
Accounts payable 106,089 110,096
Accounts payable - affiliate 72,068 14,123
Customer deposits 58,718 58,289
Provision for rate refund 8,630 38,241
Taxes payable, net 4,778 38,888
Interest accrued 5,357 7,972
Energy risk management liabilities 1,121 586
Regulatory liabilities - other 23,509 6,675
Other current liabilities 24,754 22,802
Total current liabilities 380,706 359,259
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 634,598 657,834
Postretirement benefit obligations 230,825 206,270
Regulatory liabilities - deferred taxes, net 157,056 146,948
Restricted storm reserve 0 12,285
Asset retirement obligations 11,364 7,325
Operating lease liabilities 23,295 25,658
Other deferred credits 18,167 20,187
Total long-term liabilities and deferred credits 1,075,305 1,076,507
Long-term debt and finance leases, net 1,502,257 1,327,372
Commitments and contingencies (Note 15)
Member’s equity    
Member’s equity 1,807,879 1,713,392
Total liabilities and member’s equity 4,766,147 4,476,530
Total capitalization $ 3,310,136 $ 3,040,764