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Regulatory Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2023
Regulatory Assets [Line Items]  
Schedule of Regulatory Assets
The following table summarizes Cleco’s net regulatory assets and liabilities:

Cleco
(THOUSANDS)AT SEPT. 30, 2023AT DEC. 31, 2022
Total Cleco Power regulatory assets, net$444,976 $436,448 
2016 Merger adjustments*
Fair value of long-term debt99,196 104,748 
Postretirement costs9,945 11,436 
Financing costs6,646 6,904 
Debt issuance costs4,337 4,587 
Total Cleco regulatory assets, net$565,100 $564,123 
* Cleco regulatory assets include acquisition accounting adjustments as a result of the 2016 Merger.
CLECO POWER  
Regulatory Assets [Line Items]  
Schedule of Regulatory Assets The following table summarizes Cleco Power’s regulatory assets and liabilities:
Cleco Power
REMAINING
RECOVERY
PERIOD
(YRS.)
(THOUSANDS)AT SEPT. 30, 2023AT DEC. 31, 2022
Regulatory assets
Acadia Unit 1 acquisition costs$1,728 $1,807 16.25
Accumulated deferred fuel (1)
20,241 57,881 Various
Affordability study10,682 11,715 7.75
AFUDC equity gross-up61,155 63,477 Various
(2)
AMI deferred revenue requirement1,090 1,499 2.5
AROs (8)
19,368 17,218 
Bayou Vista to Segura transmission project deferred revenue requirement
— 2,510 
Coughlin transaction costs792 815 25.75
COVID-19 executive order (8)
3,007 2,953 
Deferred lignite and mine closure costs (7)
135,624 133,587 
Deferred storm restoration costs - Hurricane Delta (6)
88 109 
Deferred storm restoration costs - Hurricane Ida
— 9,409 
Deferred storm restoration costs - Hurricane Laura (6)
367 457 
Deferred storm restoration costs - Hurricane Zeta (6)
7 9 
Deferred taxes, net45,463 8,803 Various
Dolet Hills Power Station closure costs (7)
147,306 147,082 
Energy efficiency— 235 
Financing costs (1)
6,179 6,456 Various
(3)
Interest costs3,023 3,210 Various
(2)
Madison Unit 3 property taxes
13,139 13,038 Various
(9)
Non-service cost of postretirement benefits14,692 14,810 Various
(2)
Other13,345 14,114 Various
Postretirement costs47,317 47,317 Various
(4)
Production operations and maintenance expenses
8,012 10,443 Various
(5)
Rodemacher Unit 2 deferred costs (8)
17,317 12,645 
St. Mary Clean Energy Center3,045 4,350 1.75
Training costs5,657 5,774 36.25
Tree trimming costs4,336 6,377 1.5
Total regulatory assets582,980 598,100 
Regulatory liabilities
Deferred taxes, net(31,215)(42,890)Various
Storm reserves(106,789)(118,762)
Total regulatory liabilities(138,004)(161,652)
Total regulatory assets, net$444,976 $436,448 
(1) Represents regulatory assets for past expenditures that were not earning a return on investment at September 30, 2023, and December 31, 2022. All other assets are earning a return on investment.
(2) Amortized over the estimated lives of the respective assets.
(3) Amortized over the terms of the related debt issuances.
(4) Amortized over the average service life of the remaining plan participants.
(5) Deferral is recovered over the following three-year regulatory period.
(6) From June 1, 2021, through August 31, 2022, these were being recovered through the interim storm recovery rate. The storm recovery surcharge became effective on
September 1, 2022.
(7) Currently not in a recovery period. The balance remaining represents amounts under a prudency review by the LPSC.
(8) Currently not in a recovery period.
(9) Beginning July 1, 2021, property taxes paid for the year ended December 31, are being amortized over the subsequent 12 months beginning July 1.
Schedule of Regulatory Liabilities The following table summarizes Cleco Power’s regulatory assets and liabilities:
Cleco Power
REMAINING
RECOVERY
PERIOD
(YRS.)
(THOUSANDS)AT SEPT. 30, 2023AT DEC. 31, 2022
Regulatory assets
Acadia Unit 1 acquisition costs$1,728 $1,807 16.25
Accumulated deferred fuel (1)
20,241 57,881 Various
Affordability study10,682 11,715 7.75
AFUDC equity gross-up61,155 63,477 Various
(2)
AMI deferred revenue requirement1,090 1,499 2.5
AROs (8)
19,368 17,218 
Bayou Vista to Segura transmission project deferred revenue requirement
— 2,510 
Coughlin transaction costs792 815 25.75
COVID-19 executive order (8)
3,007 2,953 
Deferred lignite and mine closure costs (7)
135,624 133,587 
Deferred storm restoration costs - Hurricane Delta (6)
88 109 
Deferred storm restoration costs - Hurricane Ida
— 9,409 
Deferred storm restoration costs - Hurricane Laura (6)
367 457 
Deferred storm restoration costs - Hurricane Zeta (6)
7 9 
Deferred taxes, net45,463 8,803 Various
Dolet Hills Power Station closure costs (7)
147,306 147,082 
Energy efficiency— 235 
Financing costs (1)
6,179 6,456 Various
(3)
Interest costs3,023 3,210 Various
(2)
Madison Unit 3 property taxes
13,139 13,038 Various
(9)
Non-service cost of postretirement benefits14,692 14,810 Various
(2)
Other13,345 14,114 Various
Postretirement costs47,317 47,317 Various
(4)
Production operations and maintenance expenses
8,012 10,443 Various
(5)
Rodemacher Unit 2 deferred costs (8)
17,317 12,645 
St. Mary Clean Energy Center3,045 4,350 1.75
Training costs5,657 5,774 36.25
Tree trimming costs4,336 6,377 1.5
Total regulatory assets582,980 598,100 
Regulatory liabilities
Deferred taxes, net(31,215)(42,890)Various
Storm reserves(106,789)(118,762)
Total regulatory liabilities(138,004)(161,652)
Total regulatory assets, net$444,976 $436,448 
(1) Represents regulatory assets for past expenditures that were not earning a return on investment at September 30, 2023, and December 31, 2022. All other assets are earning a return on investment.
(2) Amortized over the estimated lives of the respective assets.
(3) Amortized over the terms of the related debt issuances.
(4) Amortized over the average service life of the remaining plan participants.
(5) Deferral is recovered over the following three-year regulatory period.
(6) From June 1, 2021, through August 31, 2022, these were being recovered through the interim storm recovery rate. The storm recovery surcharge became effective on
September 1, 2022.
(7) Currently not in a recovery period. The balance remaining represents amounts under a prudency review by the LPSC.
(8) Currently not in a recovery period.
(9) Beginning July 1, 2021, property taxes paid for the year ended December 31, are being amortized over the subsequent 12 months beginning July 1.