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Cleco Power Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Utility plant and equipment    
Property, plant, and equipment $ 5,340,235 $ 5,416,722
Accumulated depreciation (861,368) (700,991)
Net property, plant, and equipment 4,478,867 4,715,731
Construction work in progress 107,065 100,163
Total property, plant, and equipment, net 4,585,932 4,815,894
Current assets    
Cash and cash equivalents 130,878 148,563
Restricted cash and cash equivalents 10,958 1,674
Customer accounts receivable (less allowance for credit losses) 114,743 91,869
Accounts receivable - affiliate 6,850 3,041
Other accounts receivable 49,415 27,818
Taxes receivable 0 564
Unbilled revenue 48,665 37,663
Fuel inventory, at average cost 100,856 68,838
Materials and supplies, at average cost 140,874 133,666
Energy risk management assets 71,550 43,479
Accumulated deferred fuel 93,376 56,826
Cash surrender value of company-/trust-owned life insurance policies 77,179 98,576
Prepayments 14,892 13,283
Regulatory assets 50,704 29,261
Other current assets 5,496 12,839
Total current assets 916,436 767,960
Equity investment in investee 2,072 2,072
Prepayments 28,086 21,598
Operating lease right of use assets 22,826 24,014
Restricted cash and cash equivalents 113,370 745
Note receivable 13,336 13,744
Regulatory assets 679,740 810,820
Other deferred charges 43,785 44,177
Total assets 8,462,321 8,125,018
Liabilities and member’s equity    
Member’s equity 2,978,446 2,954,156
Long-term debt and finance leases, net 3,313,759 3,390,033
Current liabilities    
Short-term debt 55,000 0
Long-term debt and finance leases due within one year 261,506 93,455
Accounts payable 218,464 167,886
Accounts payable - affiliate 10,633 51,297
Customer deposits 62,299 60,852
Provision for rate refund 5,978 5,682
Taxes payable 38,999 6,311
Interest accrued 15,668 15,203
Energy risk management liabilities 7,181 834
Regulatory liabilities 43,222 44,072
Other current liabilities 50,536 53,150
Total current liabilities 781,126 513,162
Commitments and contingencies (Note 13)
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 802,980 755,764
Postretirement benefit obligations 290,638 291,606
Regulatory liabilities - deferred taxes, net 22,635 51,472
Storm reserves 108,377 0
Asset retirement obligations 69,948 69,667
Operating lease liabilities 19,972 21,128
Other deferred credits 31,115 27,582
Total long-term liabilities and deferred credits 1,388,990 1,267,667
Total liabilities and member’s equity 8,462,321 8,125,018
Storm recover property    
Current assets    
Intangible assets 415,946 0
CLECO POWER    
Utility plant and equipment    
Property, plant, and equipment 5,665,410 5,745,489
Accumulated depreciation (2,032,562) (1,919,766)
Net property, plant, and equipment 3,632,848 3,825,723
Construction work in progress 101,666 94,573
Total property, plant, and equipment, net 3,734,514 3,920,296
Current assets    
Cash and cash equivalents 52,810 85,667
Restricted cash and cash equivalents 10,958 1,674
Customer accounts receivable (less allowance for credit losses) 58,462 48,551
Accounts receivable - affiliate 3,209 13,612
Other accounts receivable 30,015 21,931
Taxes receivable 328 0
Unbilled revenue 48,665 37,663
Fuel inventory, at average cost 78,233 46,121
Materials and supplies, at average cost 108,306 101,502
Energy risk management assets 10,857 5,515
Accumulated deferred fuel 93,376 56,826
Cash surrender value of company-/trust-owned life insurance policies 16,280 16,260
Prepayments 8,631 7,784
Regulatory assets 42,968 21,526
Other current assets 2,202 782
Total current assets 565,300 465,414
Equity investment in investee 2,072 2,072
Prepayments 1,336 1,243
Operating lease right of use assets 22,788 23,970
Restricted cash and cash equivalents 112,623 0
Note receivable 13,336 13,744
Regulatory assets 554,767 680,813
Other deferred charges 21,430 21,949
Total assets 5,444,112 5,129,501
Liabilities and member’s equity    
Member’s equity 1,991,005 1,948,537
Long-term debt and finance leases, net 1,892,407 1,800,854
Total capitalization 3,883,412 3,749,391
Current liabilities    
Short-term debt 55,000 0
Long-term debt and finance leases due within one year 28,985 25,755
Accounts payable 144,713 114,493
Accounts payable - affiliate 10,383 69,729
Customer deposits 62,299 60,852
Provision for rate refund 5,978 5,682
Taxes payable 30,126 5,494
Interest accrued 5,536 5,080
Energy risk management liabilities 719 597
Regulatory liabilities 43,222 44,072
Other current liabilities 29,389 23,467
Total current liabilities 416,350 355,221
Commitments and contingencies (Note 13)
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 741,773 707,479
Postretirement benefit obligations 206,150 205,214
Regulatory liabilities - deferred taxes, net 22,635 51,472
Storm reserves 108,377 0
Asset retirement obligations 19,519 19,456
Operating lease liabilities 19,950 21,100
Other deferred credits 25,946 20,168
Total long-term liabilities and deferred credits 1,144,350 1,024,889
Total liabilities and member’s equity 5,444,112 5,129,501
CLECO POWER | Storm recover property    
Current assets    
Intangible assets $ 415,946 $ 0