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Cleco Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 71,857 $ 48,041
Restricted cash and cash equivalents 22,671 23,549
Other accounts receivable 30,625 35,406
Unbilled revenue 50,856 46,040
Fuel inventory, at average cost 106,734 57,078
Materials and supplies, at average cost 134,636 116,943
Energy risk management assets 7,672 2,570
Accumulated deferred fuel 5,050 57,881
Cash surrender value of company-/trust-owned life insurance policies 54,728 52,859
Prepayments 20,500 16,623
Regulatory assets 47,888 47,173
Assets held for sale - discontinued operations 222,548 191,609
Other current assets 876 838
Total current assets 840,227 783,867
Property, plant, and equipment    
Property, plant, and equipment 4,694,757 4,601,977
Accumulated depreciation (838,302) (752,184)
Net property, plant, and equipment 3,856,455 3,849,793
Construction work in progress 132,628 114,310
Total property, plant, and equipment, net 3,989,083 3,964,103
Equity investment in investee 2,072 2,072
Goodwill 1,490,797 1,490,797
Prepayments 1,509 1,512
Operating lease right of use assets 21,441 22,636
Restricted cash and cash equivalents 111,109 109,415
Note receivable 12,460 12,908
Regulatory assets - deferred taxes, net 33,983 8,803
Regulatory assets 604,567 611,917
Assets held for sale - discontinued operations 611,449 787,925
Other deferred charges 30,000 24,585
Total assets 8,171,547 8,253,749
Current liabilities    
Short-term debt 120,000 109,000
Long-term debt and finance leases due within one year 371,758 340,867
Customer deposits 57,924 57,851
Provision for rate refund 3,399 3,074
Taxes payable 56,120 16,905
Interest accrued 22,132 25,540
Energy risk management liabilities 1,519 4,864
Regulatory liabilities - deferred taxes, net 41,389 42,890
Deferred compensation 13,190 12,162
Storm reserves 9,639 9,409
Liabilities held for sale - discontinued operations 69,676 76,102
Other current liabilities 31,658 29,314
Total current liabilities 919,787 872,697
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 796,243 820,300
Postretirement benefit obligations 200,093 200,665
Storm reserves 109,637 109,353
Asset retirement obligations 11,578 15,429
Operating lease liabilities 18,557 19,790
Liabilities held for sale - discontinued operations 75,978 94,467
Other deferred credits 47,937 34,887
Total long-term liabilities and deferred credits 1,260,023 1,294,891
Long-term debt and finance leases, net 3,102,207 3,139,094
Total liabilities 5,282,017 5,306,682
Commitments and contingencies (Note 14)
Member’s equity 2,889,530 2,947,067
Total liabilities and member’s equity 8,171,547 8,253,749
Storm recover property    
Property, plant, and equipment    
Intangible assets 407,571 413,123
Other    
Property, plant, and equipment    
Intangible assets 15,279 20,086
Nonrelated Party    
Current assets    
Accounts receivable 43,622 72,646
Current liabilities    
Accounts payable 108,261 131,627
Affiliate    
Current assets    
Accounts receivable 19,964 14,611
Current liabilities    
Accounts payable $ 13,122 $ 13,092