Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2023

Restricted Cash and Cash Equivalents Items [Line Items]

Schedule of Restricted Cash and Cash Equivalents

Cleco’s and Cleco Power’s restricted cash and cash equivalents consisted of the following:

Cleco
(THOUSANDS)	AT SEPT. 30, 2023		AT DEC. 31, 2022
Current
Cleco Power’s storm restoration costs - Hurricane Ida	$	—	$	9,409
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs and debt service	6,356		14,140
Total current	6,356		23,549
Non-current
Diversified Lands’ mitigation escrow	23		23
Cleco Power’s future storm restoration costs	111,995		103,306
Cleco Power’s storm restoration costs - Hurricane Ida	—		6,086
Total non-current	112,018		109,415
Total restricted cash and cash equivalents	$	118,374	$	132,964

Schedule of 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 SEPT. 30, 2023						FOR THE NINE MONTHS ENDED SEPT. 30, 2023
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	1,252	$	1,638	$	2,890	$	1,147	$	1,638	$	2,785
Current period provision	1,106		—		1,106		3,252		—		3,252
Charge-offs	(325)		—		(325)		(3,071)		—		(3,071)
Recovery	215		—		215		920		—		920
Balances, Sept. 30, 2023	$	2,248	$	1,638	$	3,886	$	2,248	$	1,638	$	3,886

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

	FOR THE THREE MONTHS ENDED SEPT. 30, 2022						FOR THE NINE MONTHS ENDED SEPT. 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	1,190	$	1,638	$	2,828	$	1,302	$	1,638	$	2,940
Current period provision	939		—		939		2,149		—		2,149
Charge-offs	(894)		—		(894)		(2,899)		—		(2,899)
Recovery	263		—		263		946		—		946
Balances, Sept. 30, 2022	$	1,498	$	1,638	$	3,136	$	1,498	$	1,638	$	3,136

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

Schedule of 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 SEPT. 30, 2023						FOR THE NINE MONTHS ENDED SEPT. 30, 2023
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	1,252	$	1,638	$	2,890	$	1,147	$	1,638	$	2,785
Current period provision	1,106		—		1,106		3,252		—		3,252
Charge-offs	(325)		—		(325)		(3,071)		—		(3,071)
Recovery	215		—		215		920		—		920
Balances, Sept. 30, 2023	$	2,248	$	1,638	$	3,886	$	2,248	$	1,638	$	3,886

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

	FOR THE THREE MONTHS ENDED SEPT. 30, 2022						FOR THE NINE MONTHS ENDED SEPT. 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER*		TOTAL		ACCOUNTS RECEIVABLE		OTHER*		TOTAL
Balances, beginning of period	$	1,190	$	1,638	$	2,828	$	1,302	$	1,638	$	2,940
Current period provision	939		—		939		2,149		—		2,149
Charge-offs	(894)		—		(894)		(2,899)		—		(2,899)
Recovery	263		—		263		946		—		946
Balances, Sept. 30, 2022	$	1,498	$	1,638	$	3,136	$	1,498	$	1,638	$	3,136

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

CLECO POWER

Restricted Cash and Cash Equivalents Items [Line Items]

Schedule of Restricted Cash and Cash Equivalents

Cleco Power
(THOUSANDS)	AT SEPT. 30, 2023		AT DEC. 31, 2022
Current
Storm restoration costs - Hurricane Ida	$	—	$	9,409
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs	6,356		14,140
Total current	6,356		23,549
Non-current
Future storm restoration costs	111,995		103,306
Storm restoration costs - Hurricane Ida	—		6,086
Total non-current	111,995		109,392
Total restricted cash and cash equivalents	$	118,351	$	132,941

Schedule of Changes in Allowance for Credit Losses, Accounts Receivable

Cleco Power
	FOR THE THREE MONTHS ENDED SEPT. 30, 2023		FOR THE NINE MONTHS ENDED SEPT. 30, 2023
(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, beginning of period	$	1,252	$	1,147
Current period provision	1,106		3,252
Charge-offs	(325)		(3,071)
Recovery	215		920
Balances, Sept. 30, 2023	$	2,248	$	2,248

	FOR THE THREE MONTHS ENDED SEPT. 30, 2022		FOR THE NINE MONTHS ENDED SEPT. 30, 2022
(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, beginning of period	$	1,190	$	1,302
Current period provision	939		2,149
Charge-offs	(894)		(2,899)
Recovery	263		946
Balances, Sept. 30, 2022	$	1,498	$	1,498