Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

Restricted Cash and Cash Equivalents Items [Line Items]

Restricted Cash and Cash Equivalents

Cleco and Cleco Power’s restricted cash and cash equivalents consisted of the following:

Cleco
(THOUSANDS)	AT MAR. 31, 2021		AT DEC. 31, 2020
Current
Cleco Katrina/Rita’s storm recovery bonds	$	2,626	$	2,626
Cleco Power’s charitable contributions	1,603		1,718
Cleco Power’s rate credit escrow	201		201
Total current	4,430		4,545
Non-current
Diversified Lands’ mitigation escrow	22		22
Cleco Cajun’s defense fund	722		722
Total non-current	744		744
Total restricted cash and cash equivalents	$	5,174	$	5,289

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, 2020	$	2,758	$	1,638	$	4,396
Current period provision	1,874		—		1,874
Charge-offs	(2,859)		—		(2,859)
Recovery	267		—		267
Balances, Mar. 31, 2021	$	2,040	$	1,638	$	3,678

* Loan held at Diversified Lands that was fully reserved for at March 31, 2021.

(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, Dec. 31, 2019	$	3,005	$	1,250	$	4,255
CECL adoption	71		—		71
Current period provision	2,498		388		2,886
Charge-offs	(4,092)		—		(4,092)
Recovery	641		—		641
Balances, Mar. 31, 2020	$	2,123	$	1,638	$	3,761

* Loan held at Diversified Lands that was fully reserved for at March 31, 2020.

Cleco Power
(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, Dec. 31, 2020	$	2,758
Current period provision	1,874
Charge-offs	(2,859)
Recovery	267
Balances, Mar. 31, 2021	$	2,040

(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, Dec. 31, 2019	$	3,005
CECL adoption	71
Current period provision	2,498
Charge-offs	(4,092)
Recovery	641
Balances, Mar. 31, 2020	$	2,123

Changes in Allowance for Credit Losses, Other

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, 2020	$	2,758	$	1,638	$	4,396
Current period provision	1,874		—		1,874
Charge-offs	(2,859)		—		(2,859)
Recovery	267		—		267
Balances, Mar. 31, 2021	$	2,040	$	1,638	$	3,678

* Loan held at Diversified Lands that was fully reserved for at March 31, 2021.

(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, Dec. 31, 2019	$	3,005	$	1,250	$	4,255
CECL adoption	71		—		71
Current period provision	2,498		388		2,886
Charge-offs	(4,092)		—		(4,092)
Recovery	641		—		641
Balances, Mar. 31, 2020	$	2,123	$	1,638	$	3,761

CLECO POWER

Restricted Cash and Cash Equivalents Items [Line Items]

Restricted Cash and Cash Equivalents

Cleco Power
(THOUSANDS)	AT MAR. 31, 2021		AT DEC. 31, 2020
Current
Cleco Katrina/Rita’s storm recovery bonds	$	2,626	$	2,626
Charitable contributions	1,603		1,718
Rate credit escrow	201		201
Total restricted cash and cash equivalents	$	4,430	$	4,545