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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Taxes [Line Items]  
Schedule of Effective Income Tax Rate Reconciliation
The following table presents a reconciliation of income tax (benefit) expense at the statutory rate and income tax (benefit) expense on (loss) income from continuing operations reported on Cleco’s Consolidated Statement of Income:

FOR THE YEAR ENDED DEC. 31,
(THOUSANDS, EXCEPT PERCENTAGES)202320222021
(Loss) income from continuing operations before income taxes
$(94,942)$253,183 $161,346 
Statutory rate21.0 %21.0 %21.0 %
Tax (benefit) expense at federal statutory rate
$(19,938)$53,168 $33,883 
Increase (decrease)
Flowthrough of tax benefits(7,847)(12,272)(356)
State income taxes, net of federal benefit(2,256)16,519 9,666 
Return to accrual adjustment(30)(378)(3,852)
Permanent adjustments(388)(4,621)436 
Amortization of excess ADIT(33,518)(32,639)(37,254)
Other, net(1,096)258 (1,190)
Total tax (benefit) expense
$(65,073)$20,035 $1,333 
Effective rate68.5 %7.9 %0.8 %
Schedule of Current and Deferred Income Tax Expense
Information about current and deferred income tax expense from continuing operations is as follows:

FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)202320222021
Current federal income tax (benefit) expense
$(45,429)$25,478 $26,173 
Deferred federal income tax benefit
(7,137)(9,835)(44,464)
Amortization of accumulated deferred investment tax credits
(127)(134)(141)
Total federal income tax (benefit) expense $(52,693)$15,509 $(18,432)
Current state income tax (benefit) expense
(9,787)10,326 4,158 
Deferred state income tax (benefit) expense (2,593)(5,800)15,607 
Total state income tax (benefit) expense
$(12,380)$4,526 $19,765 
Total federal and state income tax (benefit) expense
$(65,073)$20,035 $1,333 
Items charged or credited directly to member’s equity
Federal deferred income tax
(1,374)6,297 514 
State deferred income tax
(531)2,431 (120)
Total tax (benefit) expense from items charged directly to member’s equity
$(1,905)$8,728 $394 
Total federal and state income tax (benefit) expense
$(66,978)$28,763 $1,727 
Schedule of Deferred Tax Assets and Liabilities
The balance of accumulated deferred federal and state income tax assets and liabilities at December 31, 2023, and 2022 was comprised of the following:

AT DEC. 31,
(THOUSANDS)20232022
Depreciation and property basis differences
$(764,958)$(869,796)
Net operating loss carryforward57,464 135,914 
NMTC78,955 88,245 
Fuel costs232 (41,233)
Other comprehensive income5,927 4,022 
Regulated operations regulatory liability, net
(161,427)(114,711)
Postretirement benefits
38,282 38,418 
Merger fair value adjustments(46,052)(47,929)
Other(9,820)(13,230)
Accumulated deferred federal and state income taxes, net
$(801,397)$(820,300)
CLECO POWER  
Income Taxes [Line Items]  
Schedule of Effective Income Tax Rate Reconciliation
The following table presents a reconciliation of income tax (benefit) expense at the statutory rate and income tax (benefit) expense on (loss) income reported on Cleco’s Consolidated Statement of Income:
 FOR THE YEAR ENDED DEC. 31,
(THOUSANDS, EXCEPT PERCENTAGES)202320222021
Income before tax$132,715 $172,560 $124,735 
Statutory rate21.0 %21.0 %21.0 %
Tax expense at federal statutory rate
$27,870 $36,238 $26,194 
Increase (decrease)  
Flowthrough of tax benefits(7,847)(12,272)(356)
State income taxes, net of federal benefit
12,296 12,109 6,343 
Return to accrual adjustment
(204)14 (3,831)
Amortization of excess ADIT(33,518)(32,639)(37,254)
Other, net(3,031)(947)(449)
Total tax (benefit) expense
$(4,434)$2,503 $(9,353)
Effective rate(3.3)%1.5 %(7.5)%
Schedule of Current and Deferred Income Tax Expense
Information about current and deferred income tax expense is as follows:

 FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)202320222021
Current federal income tax expense
$11,188 $4,921 $— 
Deferred federal income tax benefit(20,029)(1,926)(23,071)
Amortization of accumulated deferred investment tax credits
(127)(134)(142)
Total federal income tax expense (benefit) $(8,968)$2,861 $(23,213)
Current state income tax expense
5,617 2,406 — 
Deferred state income tax (benefit) expense(1,083)(2,764)13,860 
Total state income tax expense (benefit)
$4,534 $(358)$13,860 
Total federal and state income tax expense (benefit)$(4,434)$2,503 $(9,353)
Items charged or credited directly to members’ equity
  
Federal deferred income tax
(528)2,610 1,714 
State deferred income tax
(208)1,008 338 
Total tax expense from items charged directly to member’s equity
$(736)$3,618 $2,052 
Total federal and state income tax expense (benefit) $(5,170)$6,121 $(7,301)
Schedule of Deferred Tax Assets and Liabilities
The balance of accumulated deferred federal and state income tax assets and liabilities at December 31, 2023, and 2022 was comprised of the following:
AT DEC. 31,
(THOUSANDS)20232022
Depreciation and property basis differences
$(699,020)$(754,200)
Net operating loss carryforward35,359 94,555 
Fuel costs1,652 (13,594)
Other comprehensive income3,336 2,604 
Regulated operations regulatory liability, net
(161,427)(114,711)
Postretirement benefits
25,005 24,946 
Other(11,465)(9,727)
Accumulated deferred federal and state income taxes, net
$(806,560)$(770,127)