Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

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 JUNE 30, 2023		AT DEC. 31, 2022
Current
Cleco Power’s storm restoration costs - Hurricane Ida	$	9,639	$	9,409
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs and debt service	13,032		14,140
Total current	22,671		23,549
Non-current
Diversified Lands’ mitigation escrow	23		23
Cleco Power’s future storm restoration costs	104,886		103,306
Cleco Power’s storm restoration costs - Hurricane Ida	6,200		6,086
Total non-current	111,109		109,415
Total restricted cash and cash equivalents	$	133,780	$	132,964

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 JUNE 30, 2023						FOR THE SIX MONTHS ENDED JUNE 30, 2023
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	1,127	$	1,638	$	2,765	$	1,147	$	1,638	$	2,785
Current period provision	906		—		906		2,146		—		2,146
Charge-offs	(1,108)		—		(1,108)		(2,746)		—		(2,746)
Recovery	327		—		327		705		—		705
Balances, June 30, 2023	$	1,252	$	1,638	$	2,890	$	1,252	$	1,638	$	2,890

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

	FOR THE THREE MONTHS ENDED JUNE 30, 2022						FOR THE SIX MONTHS ENDED JUNE 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	1,002	$	1,638	$	2,640	$	1,302	$	1,638	$	2,940
Current period provision	819		—		819		1,210		—		1,210
Charge-offs	(916)		—		(916)		(2,005)		—		(2,005)
Recovery	285		—		285		683		—		683
Balances, June 30, 2022	$	1,190	$	1,638	$	2,828	$	1,190	$	1,638	$	2,828

* 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 JUNE 30, 2023						FOR THE SIX MONTHS ENDED JUNE 30, 2023
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	1,127	$	1,638	$	2,765	$	1,147	$	1,638	$	2,785
Current period provision	906		—		906		2,146		—		2,146
Charge-offs	(1,108)		—		(1,108)		(2,746)		—		(2,746)
Recovery	327		—		327		705		—		705
Balances, June 30, 2023	$	1,252	$	1,638	$	2,890	$	1,252	$	1,638	$	2,890

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

	FOR THE THREE MONTHS ENDED JUNE 30, 2022						FOR THE SIX MONTHS ENDED JUNE 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	1,002	$	1,638	$	2,640	$	1,302	$	1,638	$	2,940
Current period provision	819		—		819		1,210		—		1,210
Charge-offs	(916)		—		(916)		(2,005)		—		(2,005)
Recovery	285		—		285		683		—		683
Balances, June 30, 2022	$	1,190	$	1,638	$	2,828	$	1,190	$	1,638	$	2,828

* 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 JUNE 30, 2023		AT DEC. 31, 2022
Current
Storm restoration costs - Hurricane Ida	$	9,639	$	9,409
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs	13,032		14,140
Total current	22,671		23,549
Non-current
Future storm restoration costs	104,886		103,306
Storm restoration costs - Hurricane Ida	6,200		6,086
Total non-current	111,086		109,392
Total restricted cash and cash equivalents	$	133,757	$	132,941

Changes in Allowance for Credit Losses, Accounts Receivable

Cleco Power
	FOR THE THREE MONTHS ENDED JUNE 30, 2023		FOR THE SIX MONTHS ENDED JUNE 30, 2023
(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, beginning of period	$	1,127	$	1,147
Current period provision	906		2,146
Charge-offs	(1,108)		(2,746)
Recovery	327		705
Balances, June 30, 2023	$	1,252	$	1,252

	FOR THE THREE MONTHS ENDED JUNE 30, 2022		FOR THE SIX MONTHS ENDED JUNE 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, beginning of period	$	1,002	$	1,302
Current period provision	819		1,210
Charge-offs	(916)		(2,005)
Recovery	285		683
Balances, June 30, 2022	$	1,190	$	1,190