Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

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 MAR. 31, 2024		AT DEC. 31, 2023
Current
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs and debt service	$	7,684	$	15,818
Total current	7,684		15,818
Non-current
Diversified Lands’ mitigation escrow	24		24
Cleco Power’s future storm restoration costs	114,953		113,549
Total non-current	114,977		113,573
Total restricted cash and cash equivalents	$	122,661	$	129,391

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
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER		TOTAL
Balances, Dec. 31, 2023	$	3,012	$	1,638	$	4,650
Current period provision	142		—		142
Charge-offs	(1,662)		—		(1,662)
Recovery	330		—		330
Balances, Mar. 31, 2024	$	1,822	$	1,638	$	3,460

(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER		TOTAL
Balances, Dec. 31, 2022	$	1,147	$	1,638	$	2,785
Current period provision	1,240		—		1,240
Charge-offs	(1,637)		—		(1,637)
Recovery	377		—		377
Balances, Mar. 31, 2023	$	1,127	$	1,638	$	2,765

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
(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER		TOTAL
Balances, Dec. 31, 2023	$	3,012	$	1,638	$	4,650
Current period provision	142		—		142
Charge-offs	(1,662)		—		(1,662)
Recovery	330		—		330
Balances, Mar. 31, 2024	$	1,822	$	1,638	$	3,460

(THOUSANDS)	ACCOUNTS RECEIVABLE		OTHER		TOTAL
Balances, Dec. 31, 2022	$	1,147	$	1,638	$	2,785
Current period provision	1,240		—		1,240
Charge-offs	(1,637)		—		(1,637)
Recovery	377		—		377
Balances, Mar. 31, 2023	$	1,127	$	1,638	$	2,765

CLECO POWER

Restricted Cash and Cash Equivalents Items [Line Items]

Schedule of Restricted Cash and Cash Equivalents

Cleco Power
(THOUSANDS)	AT MAR. 31, 2024		AT DEC. 31, 2023
Current
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs and debt service	$	7,684	$	15,818
Total current	7,684		15,818
Non-current
Future storm restoration costs	114,953		113,549
Total non-current	114,953		113,549
Total restricted cash and cash equivalents	$	122,637	$	129,367

Schedule of Changes in Allowance for Credit Losses, Accounts Receivable

Cleco Power
(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, Dec. 31, 2023	$	3,012
Current period provision	142
Charge-offs	(1,662)
Recovery	330
Balances, Mar. 31, 2024	$	1,822

(THOUSANDS)	ACCOUNTS RECEIVABLE
Balances, Dec. 31, 2022	$	1,147
Current period provision	1,240
Charge-offs	(1,637)
Recovery	377
Balances, Mar. 31, 2023	$	1,127