Intangible Assets, Intangible Liabilities, and Goodwill (Tables)

12 Months Ended

Dec. 31, 2022

Finite-Lived Intangible Assets [Line Items]

Schedule of Finite-Lived Intangible Assets and Liabilities

The following table summarizes the balance of the securitized intangible asset subject to amortization included on Cleco’s and Cleco Power’s Consolidated Balance Sheets:

(THOUSANDS)	AT DEC. 31, 2022
Storm Recovery Property intangible asset	$	415,946
Accumulated amortization	(2,823)
Net intangible asset subject to amortization	$	413,123

The following table summarizes the balance of other intangible assets and liabilities subject to amortization included in Cleco’s Consolidated Balance Sheets:

Cleco
	AT DEC. 31,
(THOUSANDS)	2022		2021
Intangible assets
Power supply agreements	$	184,004	$	184,004
Total intangible assets carrying amount	$	184,004	$	184,004
Intangible liabilities
LTSA	24,100		24,100
Power supply agreements	14,200		14,200
Total intangible liabilities carrying amount	38,300		38,300
Net intangible assets carrying amount	145,704		145,704
Accumulated amortization	(105,848)		(82,466)
Net intangible assets subject to amortization	$	39,856	$	63,238

Schedule of Amortization of Other Intangible Assets and Liabilities

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)	2022		2021		2020
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)	2022		2021		2020
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 Amortization Expense Related to Other Assets and Liabilities

The following table summarizes the amortization expense related to other intangible assets and liabilities expected to be recognized in Cleco’s Consolidated Statements of Income:

Cleco
(THOUSANDS)	INTANGIBLE ASSETS		INTANGIBLE LIABILITIES
For the year ending Dec. 31,
2023	$	25,373	$	5,041
2024	$	18,801	$	5,041
2025	$	5,037	$	3,873
2026	$	744	$	—
2027	$	744	$	—
Thereafter	$	3,112	$	—

CLECO POWER

Finite-Lived Intangible Assets [Line Items]

Schedule of Finite-Lived Intangible Assets and Liabilities

The following table summarizes the balance of the securitized intangible asset subject to amortization included on Cleco’s and Cleco Power’s Consolidated Balance Sheets:

(THOUSANDS)	AT DEC. 31, 2022
Storm Recovery Property intangible asset	$	415,946
Accumulated amortization	(2,823)
Net intangible asset subject to amortization	$	413,123

Schedule of Amortization of Other Intangible Assets and Liabilities

Cleco Power
	FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)	2022		2021		2020
Amortization	$	11,614	$	11,268	$	10,379