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Cleco Power Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Utility plant and equipment    
Property, plant, and equipment $ 5,350,425 $ 5,416,722
Accumulated depreciation (891,468) (700,991)
Net property, plant, and equipment 4,458,957 4,715,731
Construction work in progress 119,949 100,163
Total property, plant, and equipment, net 4,578,906 4,815,894
Current assets    
Cash and cash equivalents 103,117 148,563
Restricted cash and cash equivalents 14,902 1,674
Customer accounts receivable (less allowance for credit losses) 160,201 91,869
Accounts receivable - affiliate 13,111 3,041
Other accounts receivable 49,487 27,818
Unbilled revenue 40,560 37,663
Fuel inventory, at average cost 112,662 68,838
Materials and supplies, at average cost 146,625 133,666
Energy risk management assets 80,912 43,479
Accumulated deferred fuel 81,928 56,826
Cash surrender value of company-/trust-owned life insurance policies 74,163 98,576
Prepayments 15,353 13,283
Regulatory assets 46,930 29,261
Other current assets 2,705 12,839
Total current assets 942,656 767,960
Equity investment in investee 2,072 2,072
Prepayments 31,819 21,598
Operating lease right of use assets 23,336 24,014
Restricted cash and cash equivalents 109,373 745
Note receivable 13,125 13,744
Regulatory assets 676,720 810,820
Other deferred charges 44,883 44,177
Total assets 8,484,521 8,125,018
Liabilities and member’s equity    
Member’s equity 2,960,078 2,954,156
Long-term debt and finance leases, net 3,306,016 3,390,033
Current liabilities    
Short-term debt 87,000 0
Long-term debt and finance leases due within one year 267,954 93,455
Accounts payable 177,448 167,886
Accounts payable - affiliate 13,092 51,297
Customer deposits 59,101 60,852
Provision for rate refund 13,256 5,682
Taxes payable 51,844 6,311
Interest accrued 44,876 15,203
Energy risk management liabilities 5,521 834
Regulatory liabilities - deferred taxes, net 44,129 44,072
Other current liabilities 54,409 53,150
Total current liabilities 830,063 513,162
Commitments and contingencies (Note 13)
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 823,798 755,764
Postretirement benefit obligations 290,818 291,606
Regulatory liabilities - deferred taxes, net 4,970 51,472
Storm reserves 108,652 0
Asset retirement obligations 68,852 69,667
Operating lease liabilities 20,465 21,128
Other deferred credits 31,046 27,582
Total long-term liabilities and deferred credits 1,388,364 1,267,667
Total liabilities and member’s equity 8,484,521 8,125,018
Storm recover property    
Current assets    
Intangible assets 415,946 0
CLECO POWER    
Utility plant and equipment    
Property, plant, and equipment 5,672,636 5,745,489
Accumulated depreciation (2,048,367) (1,919,766)
Net property, plant, and equipment 3,624,269 3,825,723
Construction work in progress 115,252 94,573
Total property, plant, and equipment, net 3,739,521 3,920,296
Current assets    
Cash and cash equivalents 36,290 85,667
Restricted cash and cash equivalents 14,902 1,674
Customer accounts receivable (less allowance for credit losses) 103,839 48,551
Accounts receivable - affiliate 2,486 13,612
Other accounts receivable 28,517 21,931
Unbilled revenue 40,560 37,663
Fuel inventory, at average cost 85,600 46,121
Materials and supplies, at average cost 112,860 101,502
Energy risk management assets 5,195 5,515
Accumulated deferred fuel 81,928 56,826
Cash surrender value of company-/trust-owned life insurance policies 16,281 16,260
Prepayments 10,654 7,784
Regulatory assets 39,194 21,526
Other current assets 817 782
Total current assets 579,123 465,414
Equity investment in investee 2,072 2,072
Prepayments 1,324 1,243
Operating lease right of use assets 23,288 23,970
Restricted cash and cash equivalents 108,623 0
Note receivable 13,125 13,744
Regulatory assets 554,264 680,813
Other deferred charges 22,465 21,949
Total assets 5,459,751 5,129,501
Liabilities and member’s equity    
Member’s equity 1,978,608 1,948,537
Long-term debt and finance leases, net 1,886,216 1,800,854
Total capitalization 3,864,824 3,749,391
Current liabilities    
Short-term debt 77,000 0
Long-term debt and finance leases due within one year 35,382 25,755
Accounts payable 110,855 114,493
Accounts payable - affiliate 10,837 69,729
Customer deposits 59,101 60,852
Provision for rate refund 13,256 5,682
Taxes payable 46,841 5,494
Interest accrued 26,544 5,080
Energy risk management liabilities 457 597
Regulatory liabilities - deferred taxes, net 44,129 44,072
Other current liabilities 32,200 23,467
Total current liabilities 456,602 355,221
Commitments and contingencies (Note 13)
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 755,253 707,479
Postretirement benefit obligations 206,669 205,214
Regulatory liabilities - deferred taxes, net 4,970 51,472
Storm reserves 108,652 0
Asset retirement obligations 17,512 19,456
Operating lease liabilities 20,436 21,100
Other deferred credits 24,833 20,168
Total long-term liabilities and deferred credits 1,138,325 1,024,889
Total liabilities and member’s equity 5,459,751 5,129,501
CLECO POWER | Storm recover property    
Current assets    
Intangible assets $ 415,946 $ 0