Cleco Power Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Utility plant and equipment
Property, plant, and equipment	$ 5,051,258	$ 4,991,574
Accumulated depreciation	(1,094,502)	(1,050,376)
Net property, plant, and equipment	3,956,756	3,941,198
Construction work in progress	141,597	138,040
Total property, plant, and equipment, net	4,098,353	4,079,238
Current assets
Cash and cash equivalents	55,831	30,472
Restricted cash and cash equivalents	17,303	15,918
Other accounts receivable	28,419	23,979
Unbilled revenue	39,768	44,687
Fuel inventory, at average cost	92,623	95,810
Materials and supplies, at average cost	165,287	158,976
Energy risk management assets	14,273	11,294
Accumulated deferred fuel	6,470	457
Cash surrender value of company-/trust-owned life insurance policies	61,254	61,891
Prepayments	37,448	27,685
Regulatory assets	40,296	295,125
Other current assets	2,585	0
Total current assets	640,438	849,273
Equity investment in investee	1,916	1,916
Operating lease right of use assets	14,298	14,905
Restricted cash and cash equivalents	150,938	116,493
Regulatory assets - deferred taxes, net	7,942	2,008
Regulatory assets	305,136	308,833
Other deferred charges	13,552	15,331
Total assets	7,512,870	7,369,606
Liabilities and member’s equity
Member’s equity	2,880,944	2,841,014
Long-term debt and finance leases, net	2,932,113	2,645,043
Current liabilities
Short-term debt	30,000	120,000
Long-term debt and finance leases due within one year	143,543	264,934
Customer deposits	58,409	58,002
Provision for rate refund	20,436	20,510
Taxes payable	67,031	59,629
Interest accrued	37,371	19,919
Regulatory liabilities	9,127	8,327
Postretirement benefit obligations	13,865	26,439
Energy transition reserve	7,543	0
Other current liabilities	20,097	29,821
Total current liabilities	557,652	771,445
Commitments and contingencies (Note 14)
Long-term liabilities and deferred credits
Accumulated deferred federal and state income taxes, net	768,707	748,246
Postretirement benefit obligations	161,662	166,702
Regulatory liabilities	750	1,500
Energy transition reserve	33,084	0
Storm reserve	70,922	76,178
Asset retirement obligations	13,203	13,450
Operating lease liabilities	12,316	12,788
Provision for rate refund	19,896	19,896
Customer advances for construction	25,407	27,440
Credit deposits	14,750	14,750
Other deferred credits	21,464	31,154
Total long-term liabilities and deferred credits	1,142,161	1,112,104
Total liabilities and member’s equity	7,512,870	7,369,606
Storm Recover Property
Current assets
Intangible asset - securitization	381,569	384,908
Energy Transition Property
Current assets
Intangible asset - securitization	299,735	0
Nonrelated Party
Current assets
Accounts receivable	43,397	47,520
Current liabilities
Accounts payable	112,982	125,483
Affiliate
Current assets
Accounts receivable	35,484	35,459
Current liabilities
Accounts payable	21,368	21,368
CLECO POWER
Utility plant and equipment
Property, plant, and equipment	6,171,552	6,113,217
Accumulated depreciation	(2,390,113)	(2,348,169)
Net property, plant, and equipment	3,781,439	3,765,048
Construction work in progress	140,849	136,217
Total property, plant, and equipment, net	3,922,288	3,901,265
Current assets
Cash and cash equivalents	51,428	23,714
Restricted cash and cash equivalents	17,303	15,918
Other accounts receivable	27,960	23,233
Unbilled revenue	39,768	44,687
Fuel inventory, at average cost	92,623	95,810
Materials and supplies, at average cost	165,287	158,976
Energy risk management assets	14,273	11,294
Accumulated deferred fuel	6,470	457
Cash surrender value of company-/trust-owned life insurance policies	10,207	10,123
Prepayments	33,879	23,524
Regulatory assets	32,615	287,390
Other current assets	3,992	0
Total current assets	540,397	743,820
Equity investment in investee	1,916	1,916
Operating lease right of use assets	14,298	14,905
Restricted cash and cash equivalents	150,914	116,469
Regulatory assets - deferred taxes, net	7,942	2,008
Regulatory assets	207,793	209,028
Other deferred charges	12,756	14,450
Total assets	5,539,608	5,388,769
Liabilities and member’s equity
Member’s equity	2,156,643	2,107,407
Long-term debt and finance leases, net	1,835,384	1,546,624
Total capitalization	3,992,027	3,654,031
Current liabilities
Short-term debt	0	110,000
Long-term debt and finance leases due within one year	143,543	264,934
Customer deposits	58,409	58,002
Provision for rate refund	20,436	20,510
Taxes payable	27,989	13,422
Interest accrued	23,985	11,781
Regulatory liabilities	9,127	8,327
Postretirement benefit obligations	9,127	21,701
Energy transition reserve	7,543	0
Other current liabilities	13,686	17,387
Total current liabilities	429,823	647,814
Commitments and contingencies (Note 14)
Long-term liabilities and deferred credits
Accumulated deferred federal and state income taxes, net	804,735	788,016
Postretirement benefit obligations	104,685	109,464
Regulatory liabilities	750	1,500
Energy transition reserve	33,084	0
Storm reserve	70,922	76,178
Asset retirement obligations	13,203	13,450
Operating lease liabilities	12,316	12,788
Provision for rate refund	19,896	19,896
Customer advances for construction	25,407	27,440
Credit deposits	14,750	14,750
Other deferred credits	18,010	23,442
Total long-term liabilities and deferred credits	1,117,758	1,086,924
Total liabilities and member’s equity	5,539,608	5,388,769
CLECO POWER | Storm Recover Property
Current assets
Intangible asset - securitization	381,569	384,908
CLECO POWER | Energy Transition Property
Current assets
Intangible asset - securitization	299,735	0
CLECO POWER | Nonrelated Party
Current assets
Accounts receivable	43,397	47,520
Current liabilities
Accounts payable	105,609	110,361
CLECO POWER | Affiliate
Current assets
Accounts receivable	1,195	1,174
Current liabilities
Accounts payable	$ 10,369	$ 11,389