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Cleco Power Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Utility plant and equipment    
Property, plant, and equipment $ 4,838,994 $ 4,604,039
Accumulated depreciation (924,624) (752,376)
Net property, plant, and equipment 3,914,370 3,851,663
Construction work in progress 119,572 114,310
Total property, plant, and equipment, net 4,033,942 3,965,973
Current assets    
Cash and cash equivalents 122,576 54,541
Restricted cash and cash equivalents 15,818 23,549
Other accounts receivable 30,518 38,332
Unbilled revenue 42,856 46,040
Fuel inventory, at average cost 68,387 57,078
Materials and supplies, at average cost 141,688 116,943
Energy risk management assets 8,129 49,321
Accumulated deferred fuel 11,627 57,881
Cash surrender value of company-owned life insurance policies 56,922 52,859
Prepayments 24,269 16,623
Regulatory assets 34,280 47,173
Other current assets 918 838
Total current assets 790,667 783,867
Operating lease right of use assets 20,070 22,636
Restricted cash and cash equivalents 113,573 109,415
Note receivable 11,990 12,908
Regulatory assets - deferred taxes, net 43,866 8,803
Regulatory assets 615,495 611,917
Other deferred charges 24,484 28,169
Total assets 8,100,393 8,253,749
Liabilities and member’s equity    
Member’s equity 2,873,173 2,947,067
Long-term debt and finance leases, net 3,141,924 3,139,094
Current liabilities    
Short-term debt 110,000 109,000
Long-term debt and finance leases due within one year 256,811 340,867
Customer deposits 56,982 57,851
Provision for rate refund 60,768 3,074
Taxes payable 19,963 17,448
Interest accrued 22,209 25,540
Energy risk management liabilities 15,786 7,274
Regulatory liabilities - deferred taxes, net 21,939 42,890
Storm reserves 0 9,409
Postretirement benefit obligations 35,520 9,737
Other current liabilities 24,378 20,248
Total current liabilities 808,136 872,697
Commitments and contingencies (Note 16)
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 801,397 820,300
Postretirement benefit obligations 196,321 200,580
Storm reserves 111,509 109,353
Asset retirement obligations 13,723 15,429
Operating lease liabilities 17,276 19,790
Customer advances for construction 26,815 9,783
Other deferred credits 34,186 25,113
Total long-term liabilities and deferred credits 1,277,160 1,294,891
Total liabilities and member’s equity 8,100,393 8,253,749
Securitization    
Current assets    
Intangible asset - securitization 398,658 413,123
Nonrelated Party    
Current assets    
Accounts receivable 48,949 72,646
Current liabilities    
Accounts payable 119,801 135,604
Affiliate    
Current assets    
Accounts receivable 24,216 14,613
Current liabilities    
Accounts payable 10,683 13,092
CLECO POWER    
Utility plant and equipment    
Property, plant, and equipment 5,969,355 5,736,526
Accumulated depreciation (2,244,217) (2,082,153)
Net property, plant, and equipment 3,725,138 3,654,373
Construction work in progress 118,249 113,470
Total property, plant, and equipment, net 3,843,387 3,767,843
Current assets    
Cash and cash equivalents 49,211 14,703
Restricted cash and cash equivalents 15,818 23,549
Other accounts receivable 27,768 33,444
Unbilled revenue 42,856 46,040
Fuel inventory, at average cost 68,387 57,078
Materials and supplies, at average cost 141,688 116,943
Energy risk management assets 3,087 2,570
Accumulated deferred fuel 11,627 57,881
Cash surrender value of company-owned life insurance policies 9,792 9,471
Prepayments 17,375 11,765
Regulatory assets 26,545 39,438
Other current assets 918 838
Total current assets 468,564 490,137
Operating lease right of use assets 20,070 22,628
Restricted cash and cash equivalents 113,549 109,392
Note receivable 11,990 12,908
Regulatory assets - deferred taxes, net 43,866 8,803
Regulatory assets 505,623 491,978
Other deferred charges 23,835 27,361
Total assets 5,429,542 5,344,173
Liabilities and member’s equity    
Member’s equity 2,063,237 2,022,912
Long-term debt and finance leases, net 1,697,152 1,786,447
Total capitalization 3,760,389 3,809,359
Current liabilities    
Short-term debt 0 45,000
Long-term debt and finance leases due within one year 190,314 110,344
Customer deposits 56,982 57,851
Provision for rate refund 60,768 3,074
Taxes payable 23,709 15,277
Interest accrued 11,752 15,276
Energy risk management liabilities 15,112 4,864
Regulatory liabilities - deferred taxes, net 21,939 42,890
Storm reserves 0 9,409
Postretirement benefit obligations 30,777 4,981
Other current liabilities 14,617 13,379
Total current liabilities 534,735 454,228
Commitments and contingencies (Note 16)
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 806,560 770,127
Postretirement benefit obligations 132,321 137,754
Storm reserves 111,509 109,353
Asset retirement obligations 13,598 15,301
Operating lease liabilities 17,276 19,790
Customer advances for construction 26,815 9,783
Other deferred credits 26,339 18,478
Total long-term liabilities and deferred credits 1,134,418 1,080,586
Total liabilities and member’s equity 5,429,542 5,344,173
CLECO POWER | Securitization    
Current assets    
Intangible asset - securitization 398,658 413,123
CLECO POWER | Nonrelated Party    
Current assets    
Accounts receivable 48,949 72,646
Current liabilities    
Accounts payable 95,565 119,435
CLECO POWER | Affiliate    
Current assets    
Accounts receivable 4,543 3,771
Current liabilities    
Accounts payable $ 13,200 $ 12,448