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Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Future Minimum Lease Payments Due Under Long-Term Operating Leases
The following is a schedule by year of future minimum lease payments due under Cleco and Cleco Power’s long-term operating leases together with the present value of the net minimum lease payments as of December 31, 2021:

(THOUSANDS)CLECO POWERCLECO
Years ending Dec. 31,
2022$3,552 $3,584 
20233,398 3,426 
20243,262 3,282 
20253,216 3,216 
20263,216 3,216 
Thereafter12,186 12,186 
Total minimum lease payments
28,830 28,910 
Less: amount representing interest
4,898 4,928 
Present value of net minimum operating lease payments
$23,932 $23,982 
Current liabilities
$2,832 $2,854 
Non-current liabilities$21,100 $21,128 
Schedule of Leased Property Under Finance Lease
The following is an analysis of the leased property under the finance lease:

(THOUSANDS)AT DEC. 31, 2021AT DEC. 31, 2020
Barges$16,800 $16,800 
Accumulated amortization(4,200)(3,080)
Net finance lease asset$12,600 $13,720 
Schedule of Future Minimum Lease Payments Due Under Finance Lease
The following is a schedule by year of future minimum lease payments due under the finance lease together with the present value of the net minimum lease payments as of December 31, 2021:

(THOUSANDS)
Years ending Dec. 31,
2022$2,203 
20232,203 
20242,203 
20252,203 
20262,203 
Thereafter13,269 
Total minimum lease payments24,284 
Less: amount representing interest9,722 
Present value of net minimum finance lease payments$14,562 
Current liabilities$755 
Non-current liabilities$13,807 
The principal amounts payable under the finance lease agreement for each year through 2026 and thereafter are as follows:

(THOUSANDS)CLECO POWERCLECO
For the year ending Dec. 31,
2022$755 $755 
2023$836 $836 
2024$925 $925 
2025$1,023 $1,023 
2026$1,133 $1,133 
Thereafter$9,890 $9,890 
Schedule of Total Lease Costs, Supplemental Cash Flow Information, and Other Supplemental Information The following tables reflect total lease costs for Cleco and Cleco Power for the years ended December 31, 2021, and 2020:
Cleco
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20212020
Finance lease cost
Amortization of ROU assets
$1,120 $1,120 
Interest on lease liabilities
1,521 1,587 
Operating lease cost
3,985 4,576 
Variable lease cost
385 301 
Total lease cost
$7,011 $7,584 
Cleco Power
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20212020
Finance lease cost
Amortization of ROU assets
$1,120 $1,120 
Interest on lease liabilities
1,521 1,587 
Operating lease cost
3,845 4,191 
Variable lease cost
385 301 
Total lease cost
$6,871 $7,199 

The following tables present additional information related to Cleco and Cleco Power’s operating and finance leases as of and for the years ended December 31, 2021, and 2020:

Cleco
AT DEC. 31,
(THOUSANDS)BALANCE SHEET LINE ITEM20212020
Supplemental balance sheet information
ROU assets
Operating
Operating lease right of use assets
$24,014 $26,172 
Finance
Property, plant, and equipment
12,600 13,720 
Total ROU assets
$36,614 

$39,892 
Current lease liabilities
Operating
Other current liabilities
$2,854 $2,802 
Finance
Long-term debt and finance leases due within one year
755 682 
Non-current lease liabilities
Operating
Operating lease liabilities
21,128 23,333 
Finance
Long-term debt and finance leases, net
13,807 14,562 
Total lease liabilities
$38,544 $41,379 

Cleco Power
AT DEC. 31,
(THOUSANDS)BALANCE SHEET LINE ITEM20212020
Supplemental balance sheet information
ROU assets
Operating
Operating lease right of use assets
$23,970 $26,006 
Finance
Property, plant, and equipment
12,600 13,720 
Total ROU assets
$36,570 

$39,726 
Current lease liabilities
Operating
Other current liabilities
$2,832 $2,672 
Finance
Long-term debt and finance leases due within one year
755 682 
Non-current lease liabilities
Operating
Operating lease liabilities
21,100 23,295 
Finance
Long-term debt and finance leases, net
13,807 14,562 
Total lease liabilities
$38,494 $41,211 

Cleco
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20212020
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$3,938 $4,504 
Operating cash flows from finance leases
$1,521 $1,587 
Financing cash flows from finance leases
$682 $617 
Cleco Power
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20212020
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$3,800 $4,120 
Operating cash flows from finance leases
$1,521 $1,587 
Financing cash flows from finance leases
$682 $617 

Cleco
AT DEC. 31,
(THOUSANDS)20212020
Other supplemental information
Operating leases
Weighted-average remaining lease term
9.0 years9.9 years
Weighted-average discount rate
4.30 %4.31 %
Finance leases
Weighted-average remaining lease term
11.3 years12.3 years
Weighted-average discount rate
10.18 %10.18 %

Cleco Power
AT DEC. 31, 2021
(THOUSANDS)20212020
Other supplemental information
Operating leases
Weighted-average remaining lease term
9.0 years10.0 years
Weighted-average discount rate
4.30 %4.31 %
Finance leases
Weighted-average remaining lease term
11.3 years12.3 years
Weighted-average discount rate
10.18 %10.18 %
Schedule of Lease Income Under Cottonwood Sale Leaseback
Cleco Cajun is Cleco’s only subsidiary with lessor arrangements. Cleco Cajun’s lease income under the Cottonwood Sale Leaseback is included in Other operations within Cleco’s Consolidated Statement of Income. Cleco Cajun’s lease income under the Cottonwood Sale Leaseback for the years ended December 31, 2021, and 2020 was as follows:

FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20212020
Fixed payments$40,000 $40,000 
Variable payments18,226 20,883 
Amortization of deferred lease liability(1)
9,205 9,205 
Total lease income$67,431 $70,088 
(1)Consists of amortization of the deferred lease revenue resulting from the fair value of the lease between Cottonwood Energy and a special-purpose entity that is a subsidiary of NRG Energy.
Schedule of Remaining Minimum Lease Payments to be Received Under Cottonwood Sale Leaseback
The remaining minimum lease payments to be received under the Cottonwood Sale Leaseback are as follows:

(THOUSANDS)
Years ending Dec. 31,
2022$40,000 
202340,000 
202440,000 
202516,667 
Total payments$136,667 
Schedule of Property Associated with Cottonwood Sale Leaseback Property associated with the Cottonwood Sale Leaseback was as follows:
AT DEC. 31,
(THOUSANDS)20212020
Property, plant, and equipment$552,659 $552,659 
Accumulated depreciation(84,065)(52,053)
Net property, plant, and equipment$468,594 $500,606