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Regulatory Assets and Liabilities (Tables)
 3 Months Ended
Mar. 31, 2024
Regulatory Assets [Line Items]  
Schedule of Regulatory Assets
The following table summarizes Cleco’s net regulatory assets and liabilities:

Cleco
(THOUSANDS)AT MAR. 31, 2024AT DEC. 31, 2023
Total Cleco Power regulatory assets, net$419,200 $454,213 
2016 Merger adjustments (1)
Fair value of long-term debt95,493 97,345 
Postretirement costs8,952 9,448 
Financing costs6,474 6,560 
Debt issuance costs4,171 4,254 
Total Cleco regulatory assets, net$534,290 $571,820 
(1) 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 MAR. 31, 2024AT DEC. 31, 2023
Regulatory assets
Acadia Unit 1 acquisition costs$1,675 $1,701 15.75
Accumulated deferred fuel (1)
9,382 11,627 Various
Affordability study9,992 10,337 7.25
AFUDC equity gross-up59,606 60,381 Various
(2)
AMI deferred revenue requirement818 954 2
AROs (8)
8,526 20,094 
Coughlin transaction costs776 784 25.25
COVID-19 executive order (8)
3,071 3,039 
Deferred lignite and mine closure costs (7)
134,739 136,076 
Deferred storm restoration costs - Hurricane Delta (6)
88 88 
Deferred storm restoration costs - Hurricane Laura (6)
367 367 
Deferred storm restoration costs - Hurricane Zeta (6)
7 7 
Deferred taxes, net44,157 43,866 Various
Dolet Hills Power Station closure costs (7)
122,495 147,323 
Financing costs (1)
5,994 6,087 Various
(3)
Interest costs2,899 2,961 Various
(2)
Madison Unit 3 property taxes
13,372 13,297 Various
(9)
Non-service cost of postretirement benefits14,482 14,526 Various
(2)
Other9,268 10,483 Various
Postretirement costs64,399 64,399 Various
(4)
Production operations and maintenance expenses
5,980 7,002 Various
(5)
Rodemacher Unit 2 deferred costs (8)
21,264 19,282 
St. Mary Clean Energy Center2,722 3,705 1.25
Training costs5,579 5,618 35.75
Tree trimming costs2,979 3,657 1
Total regulatory assets544,637 587,661 
Regulatory liabilities
Deferred taxes, net(12,531)(21,939)Various
Storm reserves(112,906)(111,509)
Total regulatory liabilities(125,437)(133,448)
Total regulatory assets, net$419,200 $454,213 
(1) Represents regulatory assets for past expenditures that were not earning a return on investment at March 31, 2024, and December 31, 2023. 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. In the second quarter of 2024, Cleco Power intends to file an application with the LPSC for a financing order for securitization of
    these costs. For more information, see Note 13 — “Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees — Litigation — LPSC
    Audits and Reviews — Dolet Hills Prudency Review.”
(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 MAR. 31, 2024AT DEC. 31, 2023
Regulatory assets
Acadia Unit 1 acquisition costs$1,675 $1,701 15.75
Accumulated deferred fuel (1)
9,382 11,627 Various
Affordability study9,992 10,337 7.25
AFUDC equity gross-up59,606 60,381 Various
(2)
AMI deferred revenue requirement818 954 2
AROs (8)
8,526 20,094 
Coughlin transaction costs776 784 25.25
COVID-19 executive order (8)
3,071 3,039 
Deferred lignite and mine closure costs (7)
134,739 136,076 
Deferred storm restoration costs - Hurricane Delta (6)
88 88 
Deferred storm restoration costs - Hurricane Laura (6)
367 367 
Deferred storm restoration costs - Hurricane Zeta (6)
7 7 
Deferred taxes, net44,157 43,866 Various
Dolet Hills Power Station closure costs (7)
122,495 147,323 
Financing costs (1)
5,994 6,087 Various
(3)
Interest costs2,899 2,961 Various
(2)
Madison Unit 3 property taxes
13,372 13,297 Various
(9)
Non-service cost of postretirement benefits14,482 14,526 Various
(2)
Other9,268 10,483 Various
Postretirement costs64,399 64,399 Various
(4)
Production operations and maintenance expenses
5,980 7,002 Various
(5)
Rodemacher Unit 2 deferred costs (8)
21,264 19,282 
St. Mary Clean Energy Center2,722 3,705 1.25
Training costs5,579 5,618 35.75
Tree trimming costs2,979 3,657 1
Total regulatory assets544,637 587,661 
Regulatory liabilities
Deferred taxes, net(12,531)(21,939)Various
Storm reserves(112,906)(111,509)
Total regulatory liabilities(125,437)(133,448)
Total regulatory assets, net$419,200 $454,213 
(1) Represents regulatory assets for past expenditures that were not earning a return on investment at March 31, 2024, and December 31, 2023. 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. In the second quarter of 2024, Cleco Power intends to file an application with the LPSC for a financing order for securitization of
    these costs. For more information, see Note 13 — “Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees — Litigation — LPSC
    Audits and Reviews — Dolet Hills Prudency Review.”
(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.