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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Lessor, Lease, Description [Line Items]  
Schedule of Future Minimum Lease Payments Due Under Long-Term Operating Leases
The following is a schedule by year of future minimum lease payments due under Cleco’s and Cleco Power’s long-term operating leases together with the present value of the net minimum lease payments as of December 31, 2023:

(THOUSANDS)
Years ending Dec. 31,
2024$3,453 
20253,309 
20263,275 
20273,255 
20282,455 
Thereafter7,575 
Total minimum lease payments
23,322 
Less: amount representing interest
3,073 
Present value of net minimum operating lease payments
$20,249 
Current liabilities
$2,973 
Non-current liabilities$17,276 
Schedule of Future Minimum Lease Payments Due Under Finance Lease
The principal amounts payable under the finance lease agreement for each year through 2028 and thereafter are as follows:

(THOUSANDS)
For the year ending Dec. 31,
2024$925 
2025$1,023 
2026$1,133 
2027$1,253 
2028$1,388 
Thereafter$7,249 
Schedule of Total Lease Costs, Supplemental Cash Flow Information, and Other Supplemental Information The following tables reflect total lease costs for Cleco and Cleco Power for the years ended December 31, 2023, and 2022:
Cleco
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20232022
Finance lease cost
Amortization of ROU assets
$1,120 $1,120 
Interest on lease liabilities
1,367 1,448 
Operating lease cost
3,589 3,685 
Variable lease cost
790 508 
Total lease cost
$6,866 $6,761 
The following tables present additional information related to Cleco’s and Cleco Power’s operating and finance leases as of and for the years ended December 31, 2023, and 2022:

Cleco
AT DEC. 31,
(THOUSANDS)BALANCE SHEET LINE ITEM20232022
Supplemental balance sheet information
ROU assets
Operating
Operating lease right of use assets
$20,070 $22,636 
Finance
Property, plant, and equipment
10,360 11,480 
Total ROU assets
$30,430 

$34,116 
Current lease liabilities
Operating
Other current liabilities
$2,973 $2,912 
Finance
Long-term debt and finance leases due within one year
925 836 
Non-current lease liabilities
Operating
Operating lease liabilities
17,276 19,790 
Finance
Long-term debt and finance leases, net
12,046 12,971 
Total lease liabilities
$33,220 $36,509 
Cleco
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20232022
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$3,571 $3,696 
Operating cash flows from finance leases
$1,367 $1,448 
Financing cash flows from finance leases
$836 $755 
Cleco
AT DEC. 31,
(THOUSANDS)20232022
Other supplemental information
Operating leases
Weighted-average remaining lease term
12.2 years12.5 years
Weighted-average discount rate
4.30 %4.36 %
Finance leases
Weighted-average remaining lease term
9.3 years10.3 years
Weighted-average discount rate
10.18 %10.18 %
Cleco Power  
Lessor, Lease, Description [Line Items]  
Schedule of Future Minimum Lease Payments Due Under Long-Term Operating Leases
The following is a schedule by year of future minimum lease payments due under Cleco’s and Cleco Power’s long-term operating leases together with the present value of the net minimum lease payments as of December 31, 2023:

(THOUSANDS)
Years ending Dec. 31,
2024$3,453 
20253,309 
20263,275 
20273,255 
20282,455 
Thereafter7,575 
Total minimum lease payments
23,322 
Less: amount representing interest
3,073 
Present value of net minimum operating lease payments
$20,249 
Current liabilities
$2,973 
Non-current liabilities$17,276 
Schedule of Leased Property Under Finance Lease
The following is an analysis of the leased property under the finance lease:

(THOUSANDS)AT DEC. 31, 2023AT DEC. 31, 2022
Barges$16,800 $16,800 
Accumulated amortization(6,440)(5,320)
Net finance lease asset$10,360 $11,480 
Schedule of Future Minimum Lease Payments Due Under Finance Lease
The following is a schedule by year of future minimum lease payments due under the finance lease together with the present value of the net minimum lease payments as of December 31, 2023:

(THOUSANDS)
Years ending Dec. 31,
2024$2,203 
20252,203 
20262,203 
20272,203 
20282,203 
Thereafter8,863 
Total minimum lease payments19,878 
Less: amount representing interest6,907 
Present value of net minimum finance lease payments$12,971 
Current liabilities$925 
Non-current liabilities$12,046 
The principal amounts payable under the finance lease agreement for each year through 2028 and thereafter are as follows:

(THOUSANDS)
For the year ending Dec. 31,
2024$925 
2025$1,023 
2026$1,133 
2027$1,253 
2028$1,388 
Thereafter$7,249 
Schedule of Total Lease Costs, Supplemental Cash Flow Information, and Other Supplemental Information
Cleco Power
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20232022
Finance lease cost
Amortization of ROU assets
$1,120 $1,120 
Interest on lease liabilities
1,367 1,448 
Operating lease cost
3,581 3,675 
Variable lease cost
790 508 
Total lease cost
$6,858 $6,751 
Cleco Power
AT DEC. 31,
(THOUSANDS)BALANCE SHEET LINE ITEM20232022
Supplemental balance sheet information
ROU assets
Operating
Operating lease right of use assets
$20,070 $22,628 
Finance
Property, plant, and equipment
10,360 11,480 
Total ROU assets
$30,430 

$34,108 
Current lease liabilities
Operating
Other current liabilities
$2,973 $2,903 
Finance
Long-term debt and finance leases due within one year
925 836 
Non-current lease liabilities
Operating
Operating lease liabilities
17,276 19,790 
Finance
Long-term debt and finance leases, net
12,046 12,971 
Total lease liabilities
$33,220 $36,500 
Cleco Power
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20232022
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$3,562 $3,685 
Operating cash flows from finance leases
$1,367 $1,448 
Financing cash flows from finance leases
$836 $755 
Cleco Power
AT DEC. 31, 2023
(THOUSANDS)20232022
Other supplemental information
Operating leases
Weighted-average remaining lease term
12.2 years11.4 years
Weighted-average discount rate
4.30 %4.35 %
Finance leases
Weighted-average remaining lease term
9.3 years10.3 years
Weighted-average discount rate
10.18 %10.18 %