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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 87,099 $ 84,976
Restricted cash and cash equivalents 4,430 4,545
Customer accounts receivable (less allowance for credit losses) 88,353 82,511
Other accounts receivable 41,681 32,076
Taxes receivable 2,743 0
Unbilled revenue 32,653 40,127
Fuel inventory, at average cost 112,379 109,494
Materials and supplies, at average cost 132,410 132,449
Energy risk management assets 11,299 13,081
Accumulated deferred fuel 69,832 28,194
Cash surrender value of company-/trust-owned life insurance policies 91,980 89,138
Prepayments 11,658 14,549
Regulatory assets 21,887 21,041
Other current assets 17,492 12,711
Total current assets 725,896 664,892
Property, plant, and equipment    
Property, plant, and equipment 5,400,321 5,337,190
Accumulated depreciation (746,201) (672,271)
Net property, plant, and equipment 4,654,120 4,664,919
Construction work in progress 134,956 124,622
Total property, plant, and equipment, net 4,789,076 4,789,541
Equity investment in investee 7,322 9,072
Goodwill 1,490,797 1,490,797
Prepayments 16,458 23,405
Operating lease right of use assets 25,735 26,172
Restricted cash and cash equivalents 744 744
Note receivable 14,322 14,506
Regulatory assets 572,040 554,609
Intangible assets 105,268 111,731
Other deferred charges 43,618 40,100
Total assets 7,791,276 7,725,569
Current liabilities    
Short-term debt 135,000 75,000
Long-term debt and finance leases due within one year 66,700 66,682
Accounts payable 119,892 161,357
Accounts payable - affiliate 41,283 41,283
Customer deposits 59,485 58,718
Provision for rate refund 8,933 9,444
Taxes payable 23,097 7,530
Interest accrued 39,742 15,583
Energy risk management liabilities 1,442 2,453
Regulatory liabilities 21,335 23,509
Deferred compensation 12,813 13,240
Other current liabilities 53,473 49,813
Total current liabilities 583,195 524,612
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 667,691 661,376
Postretirement benefit obligations 315,249 314,653
Regulatory liabilities - deferred taxes, net 147,179 157,056
Deferred lease revenue 38,355 40,657
Intangible liabilities 23,106 24,859
Asset retirement obligations 27,605 27,986
Operating lease liabilities 23,044 23,333
Other deferred credits 23,761 28,627
Total long-term liabilities and deferred credits 1,265,990 1,278,547
Long-term debt and finance leases, net 3,164,113 3,165,387
Total liabilities 5,013,298 4,968,546
Commitments and contingencies (Note 13)
Member’s equity    
Member’s equity 2,777,978 2,757,023
Total liabilities and member’s equity 7,791,276 7,725,569
CLECO POWER    
Current assets    
Cash and cash equivalents 38,059 24,846
Restricted cash and cash equivalents 4,430 4,545
Customer accounts receivable (less allowance for credit losses) 52,316 43,852
Accounts receivable - affiliate 15,792 14,605
Other accounts receivable 32,367 27,535
Taxes receivable 2,713 0
Unbilled revenue 32,653 40,127
Fuel inventory, at average cost 64,652 63,234
Materials and supplies, at average cost 105,097 105,340
Energy risk management assets 1,986 4,337
Accumulated deferred fuel 69,832 28,194
Cash surrender value of company-/trust-owned life insurance policies 16,212 16,184
Prepayments 4,946 7,163
Regulatory assets 14,151 13,305
Other current assets 3,842 830
Total current assets 459,048 394,097
Property, plant, and equipment    
Property, plant, and equipment 5,875,428 5,824,378
Accumulated depreciation (2,128,642) (2,067,362)
Net property, plant, and equipment 3,746,786 3,757,016
Construction work in progress 121,385 110,613
Total property, plant, and equipment, net 3,868,171 3,867,629
Equity investment in investee 7,322 9,072
Prepayments 1,433 1,496
Operating lease right of use assets 25,679 26,006
Note receivable 14,322 14,506
Regulatory assets 434,482 414,535
Other deferred charges 39,807 38,806
Total assets 4,850,264 4,766,147
Current liabilities    
Short-term debt 135,000 75,000
Long-term debt and finance leases due within one year 700 682
Accounts payable 88,013 106,089
Accounts payable - affiliate 71,389 72,068
Customer deposits 59,485 58,718
Provision for rate refund 8,119 8,630
Taxes payable 18,748 4,778
Interest accrued 21,367 5,357
Energy risk management liabilities 898 1,121
Regulatory liabilities 21,335 23,509
Other current liabilities 24,467 24,754
Total current liabilities 449,521 380,706
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 640,585 634,598
Postretirement benefit obligations 231,810 230,825
Regulatory liabilities - deferred taxes, net 147,179 157,056
Asset retirement obligations 11,446 11,364
Operating lease liabilities 23,009 23,295
Other deferred credits 17,535 18,167
Total long-term liabilities and deferred credits 1,071,564 1,075,305
Long-term debt and finance leases, net 1,502,353 1,502,257
Total capitalization 3,329,179 3,310,136
Commitments and contingencies (Note 13)
Member’s equity    
Member’s equity 1,826,826 1,807,879
Total liabilities and member’s equity $ 4,850,264 $ 4,766,147