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Cleco Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
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
Property, 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
Equity investment in investee 1,916 1,916
Goodwill 1,490,797 1,490,797
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
Receivable - Cleco Cajun Divestiture 100,631 98,153
Other deferred charges 13,552 15,331
Total assets 7,512,870 7,369,606
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
Deferred compensation 15,880 17,013
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
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
Long-term debt and finance leases, net 2,932,113 2,645,043
Total liabilities 4,631,926 4,528,592
Commitments and contingencies (Note 14)
Member’s equity 2,880,944 2,841,014
Total liabilities and member’s equity 7,512,870 7,369,606
Storm Recover Property    
Property, plant, and equipment    
Intangible asset - securitization 381,569 384,908
Energy Transition Property    
Property, plant, and equipment    
Intangible asset - securitization 299,735 0
Other    
Property, plant, and equipment    
Intangible asset - securitization 7,565 7,751
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