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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 78,353 $ 84,976
Restricted cash and cash equivalents 2,949 4,545
Customer accounts receivable (less allowance for credit losses) 92,686 82,511
Accounts receivable - affiliate 2,686 1,663
Other accounts receivable 34,993 32,076
Taxes receivable 5,023 0
Unbilled revenue 44,308 40,127
Fuel inventory, at average cost 164,548 109,494
Materials and supplies, at average cost 135,494 132,449
Energy risk management assets 38,724 13,081
Accumulated deferred fuel 75,295 28,194
Cash surrender value of company-/trust-owned life insurance policies 94,684 89,138
Prepayments 16,616 14,549
Regulatory assets 24,699 21,041
Other current assets 16,563 11,048
Total current assets 827,621 664,892
Property, plant, and equipment    
Property, plant, and equipment 5,446,409 5,337,190
Accumulated depreciation (821,447) (672,271)
Net property, plant, and equipment 4,624,962 4,664,919
Construction work in progress 157,419 124,622
Total property, plant, and equipment, net 4,782,381 4,789,541
Equity investment in investee 5,572 9,072
Goodwill 1,490,797 1,490,797
Prepayments 18,337 23,405
Operating lease right of use assets 25,315 26,172
Restricted cash and cash equivalents 744 744
Note receivable 14,134 14,506
Regulatory assets 626,527 554,609
Intangible assets 98,804 111,731
Other deferred charges 51,237 40,100
Total assets 7,941,469 7,725,569
Current liabilities    
Short-term debt 160,000 75,000
Long-term debt and finance leases due within one year 66,718 66,682
Accounts payable 175,189 161,357
Accounts payable - affiliate 41,283 41,283
Customer deposits 60,092 58,718
Provision for rate refund 7,251 9,444
Taxes payable 32,502 7,530
Interest accrued 15,349 15,583
Energy risk management liabilities 1,161 2,453
Regulatory liabilities 44,862 23,509
Deferred compensation 13,563 13,240
Other current liabilities 54,326 49,813
Total current liabilities 672,296 524,612
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 694,046 661,376
Postretirement benefit obligations 316,330 314,653
Regulatory liabilities - deferred taxes, net 108,908 157,056
Deferred lease revenue 36,054 40,657
Intangible liabilities 21,517 24,859
Asset retirement obligations 27,404 27,986
Operating lease liabilities 22,315 23,333
Other deferred credits 24,180 28,627
Total long-term liabilities and deferred credits 1,250,754 1,278,547
Long-term debt and finance leases, net 3,162,039 3,165,387
Total liabilities 5,085,089 4,968,546
Commitments and contingencies (Note 13)
Member’s equity    
Member’s equity 2,856,380 2,757,023
Total liabilities and member’s equity 7,941,469 7,725,569
CLECO POWER    
Current assets    
Cash and cash equivalents 20,767 24,846
Restricted cash and cash equivalents 2,949 4,545
Customer accounts receivable (less allowance for credit losses) 49,863 43,852
Accounts receivable - affiliate 13,026 14,605
Other accounts receivable 27,715 27,535
Unbilled revenue 44,308 40,127
Fuel inventory, at average cost 119,379 63,234
Materials and supplies, at average cost 108,022 105,340
Energy risk management assets 6,867 4,337
Accumulated deferred fuel 75,295 28,194
Cash surrender value of company-/trust-owned life insurance policies 16,230 16,184
Prepayments 7,189 7,163
Regulatory assets 16,964 13,305
Other current assets 5,551 830
Total current assets 514,125 394,097
Property, plant, and equipment    
Property, plant, and equipment 5,915,689 5,824,378
Accumulated depreciation (2,190,690) (2,067,362)
Net property, plant, and equipment 3,724,999 3,757,016
Construction work in progress 146,232 110,613
Total property, plant, and equipment, net 3,871,231 3,867,629
Equity investment in investee 5,572 9,072
Prepayments 1,370 1,496
Operating lease right of use assets 25,263 26,006
Note receivable 14,134 14,506
Regulatory assets 491,487 414,535
Other deferred charges 24,239 38,806
Total assets 4,947,421 4,766,147
Current liabilities    
Short-term debt 160,000 75,000
Long-term debt and finance leases due within one year 718 682
Accounts payable 135,352 106,089
Accounts payable - affiliate 70,437 72,068
Customer deposits 60,092 58,718
Provision for rate refund 7,251 8,630
Taxes payable 35,568 4,778
Interest accrued 5,108 5,357
Energy risk management liabilities 877 1,121
Regulatory liabilities 44,862 23,509
Other current liabilities 23,475 24,754
Total current liabilities 543,740 380,706
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 653,655 634,598
Postretirement benefit obligations 233,265 230,825
Regulatory liabilities - deferred taxes, net 108,908 157,056
Asset retirement obligations 11,529 11,364
Operating lease liabilities 22,282 23,295
Other deferred credits 17,289 18,167
Total long-term liabilities and deferred credits 1,046,928 1,075,305
Long-term debt and finance leases, net 1,502,155 1,502,257
Total capitalization 3,356,753 3,310,136
Commitments and contingencies (Note 13)
Member’s equity    
Member’s equity 1,854,598 1,807,879
Total liabilities and member’s equity $ 4,947,421 $ 4,766,147