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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
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 expense (benefit) on income (loss) from continuing operations reported on Cleco’s Consolidated Statement of Income:
FOR THE YEAR ENDED DEC. 31,
(THOUSANDS, EXCEPT PERCENTAGES)202420232022
Income (loss) from continuing operations before income taxes
$78,957 $(94,942)$253,183 
Statutory rate21.0 %21.0 %21.0 %
Tax expense (benefit) at federal statutory rate
$16,581 $(19,938)$53,168 
Increase (decrease)
Flowthrough of tax benefits(8,671)(7,847)(12,272)
State income taxes, net of federal benefit5,907 (2,256)16,519 
Permanent adjustments17,596 (388)(4,621)
Amortization of excess ADIT(15,977)(33,518)(32,639)
Other, net(1,380)(1,126)(120)
Total tax expense (benefit)
$14,056 $(65,073)$20,035 
Effective rate17.8 %68.5 %7.9 %
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)202420232022
Current federal income tax (benefit) expense
$(46,955)$(45,429)$25,478 
Deferred federal income tax expense (benefit)
42,380 (7,137)(9,835)
Amortization of accumulated deferred investment tax credits
(115)(127)(134)
Total federal income tax (benefit) expense
$(4,690)$(52,693)$15,509 
Current state income tax expense (benefit)
18,833 (9,787)10,326 
Deferred state income tax benefit
(87)(2,593)(5,800)
Total state income tax expense (benefit)
$18,746 $(12,380)$4,526 
Total federal and state income tax expense (benefit)
$14,056 $(65,073)$20,035 
Items charged or credited directly to member’s equity
Federal deferred income tax
646 (1,374)6,297 
State deferred income tax
327 (531)2,431 
Total tax expense (benefit) from items charged directly to member’s equity
$973 $(1,905)$8,728 
Total federal and state income tax expense (benefit)
$15,029 $(66,978)$28,763 
Schedule of Deferred Tax Assets and Liabilities
The balance of accumulated deferred federal and state income tax assets and liabilities at December 31, 2024, and 2023 was comprised of the following:
AT DEC. 31,
(THOUSANDS)20242023
Depreciation and property basis differences
$(663,346)$(764,958)
Fuel costs(2,161)232 
Merger fair value adjustments(41,583)(46,052)
Net operating loss carryforward11,761 57,464 
NMTC68,655 78,955 
Other(4,925)(9,820)
Other comprehensive income4,717 5,927 
Postretirement benefits
28,774 38,282 
Regulated operations regulatory liability, net
(150,138)(161,427)
Accumulated deferred federal and state income taxes, net
$(748,246)$(801,397)
CLECO POWER  
Income Taxes [Line Items]  
Schedule of Effective Income Tax Rate Reconciliation
The following table presents a reconciliation of income tax expense at the statutory rate and income tax expense (benefit) on income (loss) reported on Cleco Power’s Consolidated Statement of Income:
 FOR THE YEAR ENDED DEC. 31,
(THOUSANDS, EXCEPT PERCENTAGES)202420232022
Income before tax$157,424 $132,715 $172,560 
Statutory rate21.0 %21.0 %21.0 %
Tax expense at federal statutory rate
$33,059 $27,870 $36,238 
Increase (decrease)  
Flowthrough of tax benefits(8,671)(7,847)(12,272)
State income taxes, net of federal benefit
11,321 12,296 12,109 
Amortization of excess ADIT(15,977)(33,518)(32,639)
Other, net(1,226)(3,235)(933)
Total tax expense (benefit)
$18,506 $(4,434)$2,503 
Effective rate11.8 %(3.3)%1.5 %
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)202420232022
Current federal income tax expense
$4,189 $11,188 $4,921 
Deferred federal income tax expense (benefit)
12,736 (20,029)(1,926)
Amortization of accumulated deferred investment tax credits
(114)(127)(134)
Total federal income tax expense (benefit) $16,811 $(8,968)$2,861 
Current state income tax expense
2,052 5,617 2,406 
Deferred state income tax benefit
(357)(1,083)(2,764)
Total state income tax expense (benefit)
$1,695 $4,534 $(358)
Total federal and state income tax expense (benefit)$18,506 $(4,434)$2,503 
Items charged or credited directly to members’ equity
  
Federal deferred income tax
67 (528)2,610 
State deferred income tax
281 (208)1,008 
Total tax expense (benefit) from items charged directly to member’s equity
$348 $(736)$3,618 
Total federal and state income tax expense (benefit) $18,854 $(5,170)$6,121 
Schedule of Deferred Tax Assets and Liabilities
The balance of accumulated deferred federal and state income tax assets and liabilities at December 31, 2024, and 2023 was comprised of the following:
AT DEC. 31,
(THOUSANDS)20242023
Depreciation and property basis differences
$(663,000)$(699,020)
Fuel costs(2,161)1,652 
Net operating loss carryforward11,761 35,359 
Other(4,574)(11,465)
Other comprehensive income2,988 3,336 
Postretirement benefits
17,108 25,005 
Regulated operations regulatory liability, net
(150,138)(161,427)
Accumulated deferred federal and state income taxes, net
$(788,016)$(806,560)