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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Line Items]  
Schedule of Amortization of Computer Software Amortization of capitalized computer software costs charged to expense in Cleco’s and Cleco Power’s Consolidated Statements of Income for the years ending December 31, 2022, 2021, and 2020 is shown in the following tables:
Cleco
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)202220212020
Amortization
$12,228 $11,878 $11,015 
The following table presents amortization of other intangible assets and liabilities in Cleco’s Consolidated Statements of Income:

Cleco
 
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)202220212020
Intangible assets
Trade name$— $3,897 $255 
Power supply agreements$25,600 $25,600 $25,600 
Intangible liabilities
LTSA$3,484 $3,484 $3,484 
Power supply agreements$1,557 $2,378 $3,528 
An impairment on the Trade name intangible asset was recognized in 2021. No other impairments for intangibles listed in the table above were recognized in 2022, 2021, or 2020.
Schedule of Property, Plant, and Equipment
Depreciation on property, plant, and equipment is calculated primarily on a straight-line basis over the useful lives of the assets. The following table presents the useful lives of depreciable assets for Cleco and Cleco Power:

CATEGORY (YEARS)CLECOCLECO POWER
Utility Plants
Generation
10–5510–55
Distribution
15–5015–50
Transmission
5–555–55
Other utility plant
5–455–45
Other property, plant, and equipment
5–455–45

At December 31, 2022, and 2021, Cleco’s and Cleco Power’s property, plant, and equipment consisted of the following:

Cleco
AT DEC. 31,
(THOUSANDS)20222021
Utility plants
Generation$2,737,597 $2,704,536 
Distribution1,429,374 1,494,411 
Transmission811,199 797,694 
Other utility plant457,339 412,577 
Other property, plant, and equipment9,557 7,504 
Total property, plant, and equipment5,445,066 5,416,722 
Accumulated depreciation(946,576)(700,991)
Net property, plant, and equipment$4,498,490 $4,715,731 
The plant acquisition adjustment and accumulated amortization are reported in Property, plant, and equipment and Accumulated depreciation, respectively, on Cleco’s and Cleco Power’s Consolidated Balance Sheets at December 31, 2022, and 2021, and are shown in the following tables:
Cleco
AT DEC. 31,
(THOUSANDS)20222021
Acadia Unit 1
Plant acquisition adjustment$76,116 $76,116 
Accumulated amortization(21,383)(18,201)
Net plant acquisition adjustment$54,733 $57,915 
Schedule of Changes in Allowance for Credit Losses, Accounts Receivable
The table below presents the changes in the allowance for credit losses by receivable for Cleco and Cleco Power:

Cleco
(THOUSANDS)ACCOUNTS
RECEIVABLE
OTHER*
TOTAL
Balances, Dec. 31, 2020$2,758 $1,638 $4,396 
Current period provision4,003 — 4,003 
Charge-offs(6,919)— (6,919)
Recovery1,460 — 1,460 
Balances, Dec. 31, 20211,302 1,638 2,940 
Current period provision3,362 — 3,362 
Charge-offs(4,800)— (4,800)
Recovery1,283 — 1,283 
Balances, Dec. 31, 2022$1,147 $1,638 $2,785 
* Loan held at Diversified Lands that was fully reserved for at December 31, 2020.
Schedule of Restricted Cash and Cash Equivalents
Cleco’s and Cleco Power’s restricted cash and cash equivalents consisted of the following:

Cleco
AT DEC. 31,
(THOUSANDS)20222021
Current
Cleco Katrina/Rita’s storm recovery surcharge$— $1,674 
Cleco Power’s storm restoration costs - Hurricane Ida
9,409 — 
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs and debt service14,140 — 
Total current23,549 1,674 
Non-current
Diversified Lands’ mitigation escrow23 22 
Cleco Cajun’s defense fund733 723 
Cleco Power’s future storm restoration costs103,306 — 
Cleco Power’s storm restoration costs - Hurricane Ida6,086 — 
Total non-current110,148 745 
Total restricted cash and cash equivalents$133,697 $2,419 
Schedule of Composite AFUDC Rates and Capitalized Interest Rates The following tables show the composite AFUDC rates, including borrowed and other funds, and the capitalized interest rate for the years ended December 31, 2022, 2021, and 2020:
Cleco
FOR THE YEAR ENDED DECEMBER 31,
202220212020
PRETAX BASISNET OF TAXPRETAX BASISNET OF TAXPRETAX BASISNET OF TAX
AFUDC composite rate9.06 %7.09 %10.05 %7.81 %10.14 %7.96 %
Capitalized interest rate3.68 %N/A1.80 %N/A1.98 %N/A
CLECO POWER  
Accounting Policies [Line Items]  
Schedule of Amortization of Computer Software
Cleco Power
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)202220212020
Amortization
$11,614 $11,268 $10,379 
Schedule of Property, Plant, and Equipment
Cleco Power
AT DEC. 31,
(THOUSANDS)20222021
Regulated utility plants
Generation$2,321,640 $2,314,285 
Distribution1,866,662 1,933,389 
Transmission1,000,783 988,122 
Other utility plant547,441 509,693 
Total property, plant, and equipment5,736,526 5,745,489 
Accumulated depreciation(2,082,153)(1,919,766)
Net property, plant, and equipment$3,654,373 $3,825,723 
Cleco Power
AT DEC. 31,
(THOUSANDS)20222021
Acadia Unit 1
Plant acquisition adjustment$95,578 $95,578 
Accumulated amortization(40,846)(37,663)
Net plant acquisition adjustment$54,732 $57,915 
Schedule of Changes in Allowance for Credit Losses, Accounts Receivable
Cleco Power
(THOUSANDS)ACCOUNTS
RECEIVABLE
Balance, Dec. 31, 2020$2,758 
Current period provision4,003 
Charge-offs(6,919)
Recovery1,460 
Balance, Dec. 31, 20211,302 
Current period provision3,362 
Charge-offs(4,800)
Recovery1,283 
Balance, Dec. 31, 2022$1,147 
Schedule of Restricted Cash and Cash Equivalents
Cleco Power
AT DEC. 31,
(THOUSANDS)20222021
Current
Cleco Katrina/Rita’s storm recovery surcharges$— $1,674 
Storm restoration costs - Hurricane Ida9,409 — 
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs and debt service14,140 — 
Total current23,549 1,674 
Non-current
Future storm restoration costs103,306 — 
Storm restoration costs - Hurricane Ida6,086 — 
Total non-current109,392 — 
Total restricted cash and cash equivalents$132,941 $1,674 
Schedule of Composite AFUDC Rates and Capitalized Interest Rates
Cleco Power
FOR THE YEAR ENDED DECEMBER 31,
202220212020
PRETAX BASISNET OF TAXPRETAX BASISNET OF TAXPRETAX BASISNET OF TAX
AFUDC composite rate9.06 %7.09 %10.05 %7.81 %10.14 %7.96 %