XML 65 R47.htm IDEA: XBRL DOCUMENT v3.25.0.1
Leases (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024:

(THOUSANDS)
Years ending Dec. 31,
2025$3,167 
20262,596 
20272,347 
20282,208 
20292,205 
Thereafter5,370 
Total minimum lease payments
17,893 
Less: amount representing interest
2,351 
Present value of net minimum operating lease payments
$15,542 
Current liabilities
$2,754 
Non-current liabilities$12,788 
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, 2024, and 2023:
Cleco
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20242023
Finance lease cost
Amortization of ROU assets
$1,027 $1,120 
Interest on lease liabilities
1,175 1,367 
Operating lease cost
3,772 3,589 
Variable lease cost
737 790 
Total lease cost
$6,711 $6,866 
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, 2024, and 2023:

AT DEC. 31,
(THOUSANDS)BALANCE SHEET LINE ITEM20242023
Supplemental balance sheet information
ROU assets
Operating
Operating lease right of use assets
$14,905 $20,070 
Finance
Property, plant, and equipment
 10,360 
Total ROU assets
$14,905 

$30,430 
Current lease liabilities
Operating
Other current liabilities
$2,754 $2,973 
Finance
Long-term debt and finance leases due within one year
 925 
Non-current lease liabilities
Operating
Operating lease liabilities
12,788 17,276 
Finance
Long-term debt and finance leases, net
 12,046 
Total lease liabilities
$15,542 $33,220 

FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20242023
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$3,663 $3,571 
Operating cash flows from finance leases
$1,175 $1,367 
Financing cash flows from finance leases
$844 $836 
AT DEC. 31,
(THOUSANDS)20242023
Other supplemental information
Operating leases
Weighted-average remaining lease term
11.7 years
12.2 years
Weighted-average discount rate
4.16 %4.30 %
Finance leases
Weighted-average remaining lease term
N/A
9.3 years
Weighted-average discount rate
N/A10.18 %
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, 2024:

(THOUSANDS)
Years ending Dec. 31,
2025$3,167 
20262,596 
20272,347 
20282,208 
20292,205 
Thereafter5,370 
Total minimum lease payments
17,893 
Less: amount representing interest
2,351 
Present value of net minimum operating lease payments
$15,542 
Current liabilities
$2,754 
Non-current liabilities$12,788 
Schedule of Total Lease Costs, Supplemental Cash Flow Information, and Other Supplemental Information
Cleco Power
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)20242023
Finance lease cost
Amortization of ROU assets
$1,027 $1,120 
Interest on lease liabilities
1,175 1,367 
Operating lease cost
3,772 3,581 
Variable lease cost
737 790 
Total lease cost
$6,711 $6,858