Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 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 JUNE 30, 2021		AT DEC. 31, 2020
Current
Cleco Katrina/Rita’s storm recovery bonds	$	1,673	$	2,626
Cleco Power’s charitable contributions	1,078		1,718
Cleco Power’s rate credit escrow	198		201
Total current	2,949		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	$	3,693	$	5,289

Changes in Allowance for Credit Losses, Other

The tables below present the changes in the allowance for credit losses by receivable for Cleco and Cleco Power:

Cleco
			FOR THE THREE MONTHS  ENDED JUNE 30, 2021						FOR THE SIX MONTHS ENDED JUNE 30, 2021
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	2,040	$	1,638	$	3,678	$	2,758	$	1,638	$	4,396
Current period provision	616		—		616		2,490		—		2,490
Charge-offs	(1,583)		—		(1,583)		(4,442)		—		(4,442)
Recovery	261		—		261		528		—		528
Balances, June 30, 2021	$	1,334	$	1,638	$	2,972	$	1,334	$	1,638	$	2,972

* Loan held at Diversified Lands that was fully reserved for at June 30, 2021.

			FOR THE THREE MONTHS  ENDED JUNE 30, 2020						FOR THE SIX MONTHS ENDED JUNE 30, 2020
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	2,123	$	1,638	$	3,761	$	3,005	$	1,250	$	4,255
CECL adoption	—		—		—		71		—		71
Current period provision	1,137		—		1,137		3,634		388		4,022
Charge-offs	—		—		—		(4,091)		—		(4,091)
Recovery	226		—		226		867		—		867
Balances, June 30, 2020	$	3,486	$	1,638	$	5,124	$	3,486	$	1,638	$	5,124

* Loan held at Diversified Lands that was fully reserved for at June 30, 2020.

Changes in Allowance for Credit Losses, Accounts Receivable

The tables below present the changes in the allowance for credit losses by receivable for Cleco and Cleco Power:

Cleco
			FOR THE THREE MONTHS  ENDED JUNE 30, 2021						FOR THE SIX MONTHS ENDED JUNE 30, 2021
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	2,040	$	1,638	$	3,678	$	2,758	$	1,638	$	4,396
Current period provision	616		—		616		2,490		—		2,490
Charge-offs	(1,583)		—		(1,583)		(4,442)		—		(4,442)
Recovery	261		—		261		528		—		528
Balances, June 30, 2021	$	1,334	$	1,638	$	2,972	$	1,334	$	1,638	$	2,972

* Loan held at Diversified Lands that was fully reserved for at June 30, 2021.

			FOR THE THREE MONTHS  ENDED JUNE 30, 2020						FOR THE SIX MONTHS ENDED JUNE 30, 2020
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	2,123	$	1,638	$	3,761	$	3,005	$	1,250	$	4,255
CECL adoption	—		—		—		71		—		71
Current period provision	1,137		—		1,137		3,634		388		4,022
Charge-offs	—		—		—		(4,091)		—		(4,091)
Recovery	226		—		226		867		—		867
Balances, June 30, 2020	$	3,486	$	1,638	$	5,124	$	3,486	$	1,638	$	5,124

* Loan held at Diversified Lands that was fully reserved for at June 30, 2020.

CLECO POWER

Restricted Cash and Cash Equivalents Items [Line Items]

Restricted Cash and Cash Equivalents

Cleco Power
(THOUSANDS)	AT JUNE 30, 2021		AT DEC. 31, 2020
Current
Cleco Katrina/Rita’s storm recovery bonds	$	1,673	$	2,626
Charitable contributions	1,078		1,718
Rate credit escrow	198		201
Total restricted cash and cash equivalents	$	2,949	$	4,545

Changes in Allowance for Credit Losses, Accounts Receivable

Cleco Power
	FOR THE THREE MONTHS ENDED JUNE 30, 2021		FOR THE SIX MONTHS ENDED JUNE 30, 2021
(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, beginning of period	$	2,040	$	2,758
Current period provision	616		2,490
Charge-offs	(1,583)		(4,442)
Recovery	261		528
Balances, June 30, 2021	$	1,334	$	1,334

	FOR THE THREE MONTHS ENDED JUNE 30, 2020		FOR THE SIX MONTHS ENDED JUNE 30, 2020
(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, beginning of period	$	2,123	$	3,005
CECL adoption	—		71
Current period provision	1,137		3,634
Charge-offs	—		(4,091)
Recovery	226		867
Balances, June 30, 2020	$	3,486	$	3,486