Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 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 SEPT. 30, 2022		AT DEC. 31, 2021
Current
Cleco Katrina/Rita storm recovery surcharge	$	—	$	1,674
Cleco Power’s storm restoration costs - Hurricane Ida	9,350		—
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs and debt service	5,552		—
Total current	14,902		1,674
Non-current
Diversified Lands’ mitigation escrow	22		22
Cleco Cajun’s defense fund	728		723
Cleco Power’s future storm restoration costs	102,586		—
Cleco Power’s storm restoration costs - Hurricane Ida	6,037		—
Total non-current	109,373		745
Total restricted cash and cash equivalents	$	124,275	$	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 SEPT. 30, 2022						FOR THE NINE MONTHS ENDED SEPT. 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Beginning of period	$	1,190	$	1,638	$	2,828	$	1,302	$	1,638	$	2,940
Current period provision	939		—		939		2,149		—		2,149
Charge-offs	(894)		—		(894)		(2,899)		—		(2,899)
Recovery	263		—		263		946		—		946
Balances, Sept. 30, 2022	$	1,498	$	1,638	$	3,136	$	1,498	$	1,638	$	3,136

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

	FOR THE THREE MONTHS ENDED SEPT. 30, 2021						FOR THE NINE MONTHS ENDED SEPT. 30, 2021
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Beginning of period	$	1,334	$	1,638	$	2,972	$	2,758	$	1,638	$	4,396
Current period provision	567		—		567		3,057		—		3,057
Charge-offs	(730)		—		(730)		(5,172)		—		(5,172)
Recovery	586		—		586		1,114		—		1,114
Balances, Sept. 30, 2021	$	1,757	$	1,638	$	3,395	$	1,757	$	1,638	$	3,395

* Loan held at Diversified Lands that was fully reserved 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 SEPT. 30, 2022						FOR THE NINE MONTHS ENDED SEPT. 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Beginning of period	$	1,190	$	1,638	$	2,828	$	1,302	$	1,638	$	2,940
Current period provision	939		—		939		2,149		—		2,149
Charge-offs	(894)		—		(894)		(2,899)		—		(2,899)
Recovery	263		—		263		946		—		946
Balances, Sept. 30, 2022	$	1,498	$	1,638	$	3,136	$	1,498	$	1,638	$	3,136

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

	FOR THE THREE MONTHS ENDED SEPT. 30, 2021						FOR THE NINE MONTHS ENDED SEPT. 30, 2021
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Beginning of period	$	1,334	$	1,638	$	2,972	$	2,758	$	1,638	$	4,396
Current period provision	567		—		567		3,057		—		3,057
Charge-offs	(730)		—		(730)		(5,172)		—		(5,172)
Recovery	586		—		586		1,114		—		1,114
Balances, Sept. 30, 2021	$	1,757	$	1,638	$	3,395	$	1,757	$	1,638	$	3,395

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

CLECO POWER

Restricted Cash and Cash Equivalents Items [Line Items]

Restricted Cash and Cash Equivalents

Cleco Power
(THOUSANDS)	AT SEPT. 30, 2022		AT DEC. 31, 2021
Current
Cleco Katrina/Rita storm recovery surcharge	$	—	$	1,674
Storm restoration costs - Hurricane Ida	9,350		—
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs	5,552		—
Total current	14,902		1,674
Non-current
Future storm restoration costs	102,586		—
Storm restoration costs - Hurricane Ida	6,037		—
Total non-current	108,623		—
Total restricted cash and cash equivalents	$	123,525	$	1,674

Changes in Allowance for Credit Losses, Accounts Receivable

Cleco Power
	FOR THE THREE MONTHS ENDED SEPT. 30, 2022		FOR THE NINE MONTHS ENDED SEPT. 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE
Beginning of period	$	1,190	$	1,302
Current period provision	939		2,149
Charge-offs	(894)		(2,899)
Recovery	263		946
Balances, Sept. 30, 2022	$	1,498	$	1,498

	FOR THE THREE MONTHS ENDED SEPT. 30, 2021		FOR THE NINE MONTHS ENDED SEPT. 30, 2021
(THOUSANDS)	ACCOUNTS RECEIVABLE
Beginning of period	$	1,334	$	2,758
Current period provision	567		3,057
Charge-offs	(730)		(5,172)
Recovery	586		1,114
Balances, Sept. 30, 2021	$	1,757	$	1,757