Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Finite-Lived Intangible Assets [Line Items]

Schedule of Intangible Assets Subject to Amortization

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

Cleco
(THOUSANDS)	AT JUNE 30, 2023		AT DEC. 31, 2022
Power supply agreements	$	85,104	$	85,104
Accumulated amortization	(69,825)		(65,018)
Net intangible assets subject to amortization	$	15,279	$	20,086

Schedule of Amortization Expense Recognized

The following table presents the amortization expense recognized during the three and six months ended June 30, 2023, and 2022:

Cleco
	FOR THE THREE MONTHS ENDED JUNE 30,				FOR THE SIX MONTHS ENDED JUNE 30,
(THOUSANDS)	2023		2022		2023		2022
Amortization expense
Power supply agreements	$	2,387	$	2,420	$	4,807	$	4,840

CLECO POWER

Finite-Lived Intangible Assets [Line Items]

Schedule of Intangible Assets Subject to Amortization

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

(THOUSANDS)	AT JUNE 30, 2023		AT DEC. 31, 2022
Storm Recovery Property intangible asset	$	415,946	$	415,946
Accumulated amortization	(8,375)		(2,823)
Net intangible asset subject to amortization	$	407,571	$	413,123