Leases (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Lease Income Under Cottonwood Sale Leaseback

Cleco Cajun’s lease income under the Cottonwood Sale Leaseback for the three and nine months ended September 30, 2022, and 2021 was as follows:

	FOR THE THREE MONTHS ENDED SEPT. 30,				FOR THE NINE MONTHS ENDED SEPT. 30,
(THOUSANDS)	2022		2021		2022		2021
Fixed payments	$	10,000	$	10,000	$	30,000	$	30,000
Variable payments	6,244		4,938		17,657		15,413
Amortization of deferred lease liability*	2,301		2,301		6,904		6,904
Total lease income	$	18,545	$	17,239	$	54,561	$	52,317

* 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.