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Cleco Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 30,472 $ 122,576
Restricted cash and cash equivalents 15,918 15,818
Other accounts receivable 23,979 30,518
Unbilled revenue 44,687 42,856
Fuel inventory, at average cost 95,810 68,387
Materials and supplies, at average cost 158,976 141,688
Energy risk management assets 11,294 8,129
Accumulated deferred fuel 457 11,627
Cash surrender value of company/trust-owned life insurance policies 61,891 56,922
Prepayments 27,685 24,269
Regulatory assets 295,125 34,280
Assets held for sale - discontinued operations 0 159,514
Other current assets 0 918
Total current assets 849,273 790,667
Property, plant, and equipment    
Property, plant, and equipment 4,991,574 4,838,994
Accumulated depreciation (1,050,376) (924,624)
Net property, plant, and equipment 3,941,198 3,914,370
Construction work in progress 138,040 119,572
Total property, plant, and equipment, net 4,079,238 4,033,942
Goodwill 1,490,797 1,490,797
Operating lease right of use assets 14,905 20,070
Restricted cash and cash equivalents 116,493 113,573
Note receivable 0 11,990
Regulatory assets - deferred taxes, net 2,008 43,866
Regulatory assets 308,833 615,495
Assets held for sale - discontinued operations 0 546,218
Receivable - Cleco Cajun Divestiture 98,153 0
Other deferred charges 17,247 24,484
Total assets 7,369,606 8,100,393
Current liabilities    
Short-term debt 120,000 110,000
Long-term debt and finance leases due within one year 264,934 256,811
Customer deposits 58,002 56,982
Provision for rate refund 20,510 60,768
Taxes payable 59,629 19,963
Interest accrued 19,919 22,209
Energy risk management liabilities 256 15,786
Regulatory liabilities 8,327 21,939
Deferred compensation 17,013 14,277
Postretirement benefit obligations 26,439 35,520
Liabilities held for sale - discontinued operations 0 39,019
Other current liabilities 29,565 24,378
Total current liabilities 771,445 808,136
Long-term liabilities and deferred credits    
Accumulated deferred federal and state income taxes, net 748,246 801,397
Postretirement benefit obligations 166,702 196,321
Regulatory liabilities 1,500 0
Storm reserves 76,178 111,509
Asset retirement obligations 13,450 13,723
Operating lease liabilities 12,788 17,276
Provision for rate refund 19,896 0
Customer advances for construction 27,440 26,815
Credit deposits 14,750 7,000
Liabilities held for sale - discontinued operations 0 75,933
Other deferred credits 31,154 27,186
Total long-term liabilities and deferred credits 1,112,104 1,277,160
Long-term debt and finance leases, net 2,645,043 3,141,924
Total liabilities 4,528,592 5,227,220
Commitments and contingencies (Note 16)
Member’s equity 2,841,014 2,873,173
Total liabilities and member’s equity 7,369,606 8,100,393
Securitization    
Property, plant, and equipment    
Intangible assets 384,908 398,658
Other    
Property, plant, and equipment    
Intangible assets 7,751 10,633
Nonrelated Party    
Current assets    
Accounts receivable 47,520 48,949
Current liabilities    
Accounts payable 125,483 119,801
Affiliate    
Current assets    
Accounts receivable 35,459 24,216
Current liabilities    
Accounts payable $ 21,368 $ 10,683