Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Restricted Cash and Cash Equivalents Items [Line Items]

Restricted Cash and Cash Equivalents

Cleco’s and Cleco Power’s restricted cash and cash equivalents consisted of the following:

Cleco
(THOUSANDS)	AT JUNE 30, 2022		AT DEC. 31, 2021
Current
Cleco Katrina/Rita storm recovery surcharge	$	1,677	$	1,674
Cleco Power’s storm restoration costs - Hurricane Ida	9,281		—
Total current	10,958		1,674
Non-current
Diversified Lands’ mitigation escrow	22		22
Cleco Cajun’s defense fund	725		723
Cleco Power’s future storm restoration costs	102,286		—
Cleco Power’s storm restoration costs - Hurricane Ida	6,091		—
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs	4,246		—
Total non-current	113,370		745
Total restricted cash and cash equivalents	$	124,328	$	2,419

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, 2022						FOR THE SIX MONTHS ENDED JUNE 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Beginning of period	$	1,002	$	1,638	$	2,640	$	1,302	$	1,638	$	2,940
Current period provision	819		—		819		1,210		—		1,210
Charge-offs	(916)		—		(916)		(2,005)		—		(2,005)
Recovery	285		—		285		683		—		683
Balances, June 30, 2022	$	1,190	$	1,638	$	2,828	$	1,190	$	1,638	$	2,828

* Loan held at Diversified Lands that was fully reserved for at December 31, 2020.

	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
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 December 31, 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, 2022						FOR THE SIX MONTHS ENDED JUNE 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Beginning of period	$	1,002	$	1,638	$	2,640	$	1,302	$	1,638	$	2,940
Current period provision	819		—		819		1,210		—		1,210
Charge-offs	(916)		—		(916)		(2,005)		—		(2,005)
Recovery	285		—		285		683		—		683
Balances, June 30, 2022	$	1,190	$	1,638	$	2,828	$	1,190	$	1,638	$	2,828

* Loan held at Diversified Lands that was fully reserved for at December 31, 2020.

	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
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 December 31, 2020.

CLECO POWER

Restricted Cash and Cash Equivalents Items [Line Items]

Restricted Cash and Cash Equivalents

Cleco Power
(THOUSANDS)	AT JUNE 30, 2022		AT DEC. 31, 2021
Current
Cleco Katrina/Rita storm recovery surcharge	$	1,677	$	1,674
Storm restoration costs - Hurricane Ida	9,281		—
Total current	10,958		1,674
Non-current
Future storm restoration costs	102,286		—
Storm restoration costs - Hurricane Ida	6,091		—
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs	4,246		—
Total non-current	112,623		—
Total restricted cash and cash equivalents	$	123,581	$	1,674

Changes in Allowance for Credit Losses, Accounts Receivable

Cleco Power
	FOR THE THREE MONTHS ENDED JUNE 30, 2022		FOR THE SIX MONTHS ENDED JUNE 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE
Beginning of period	$	1,002	$	1,302
Current period provision	819		1,210
Charge-offs	(916)		(2,005)
Recovery	285		683
Balance, June 30, 2022	$	1,190	$	1,190

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