Cleco Power Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Utility plant and equipment
Property, plant, and equipment	$ 5,160,525	$ 4,991,574
Accumulated depreciation	(1,135,160)	(1,050,376)
Net property, plant, and equipment	4,025,365	3,941,198
Construction work in progress	105,862	138,040
Total property, plant, and equipment, net	4,131,227	4,079,238
Current assets
Cash and cash equivalents	43,081	30,472
Restricted cash and cash equivalents	29,587	15,918
Other accounts receivable	26,660	23,979
Unbilled revenue	51,243	44,687
Fuel inventory, at average cost	98,718	95,810
Materials and supplies, at average cost	178,912	158,976
Energy risk management assets	10,676	11,294
Accumulated deferred fuel	30,193	457
Cash surrender value of company-/trust-owned life insurance policies	62,954	61,891
Prepayments	56,691	27,685
Regulatory assets	50,458	295,125
Other current assets	3,652	0
Total current assets	845,558	849,273
Equity investment in investee	1,916	1,916
Operating lease right of use assets	13,869	14,905
Restricted cash and cash equivalents	139,210	116,493
Regulatory assets - deferred taxes, net	14,312	2,008
Regulatory assets	300,080	308,833
Intangible assets	674,561	384,908
Energy risk management assets	3,069	0
Other deferred charges	9,544	15,331
Total assets	7,631,523	7,369,606
Liabilities and member’s equity
Member’s equity	2,928,460	2,841,014
Long-term debt, net	2,567,264	2,645,043
Current liabilities
Short-term debt	135,000	120,000
Long-term debt due within one year	456,801	264,934
Customer deposits	58,863	58,002
Provision for customer refund	20,423	20,510
Taxes payable	77,439	59,629
Interest accrued	24,273	19,919
Regulatory liabilities	9,595	8,327
Postretirement benefit obligations	13,864	26,439
Energy transition reserve	7,691	0
Other current liabilities	19,379	29,821
Total current liabilities	987,484	771,445
Commitments and contingencies (Note 14)
Long-term liabilities and deferred credits
Accumulated deferred federal and state income taxes, net	786,746	748,246
Postretirement benefit obligations	160,675	166,702
Regulatory liabilities	0	1,500
Energy transition reserve	32,151	0
Storm reserve	67,633	76,178
Asset retirement obligations	13,540	13,450
Operating lease liabilities	11,796	12,788
Provision for customer refund	19,896	19,896
Customer advances for construction	24,484	27,440
Credit deposits	7,750	14,750
Other deferred credits	23,644	31,154
Total long-term liabilities and deferred credits	1,148,315	1,112,104
Total liabilities and member’s equity	7,631,523	7,369,606
Storm Recovery Property
Current assets
Intangible assets	378,488	384,908
Energy Transition Property
Current assets
Intangible assets	296,073	0
Nonrelated Party
Current assets
Accounts receivable	59,804	47,520
Current liabilities
Accounts payable	125,067	125,483
Affiliate
Current assets
Accounts receivable	39,358	35,459
Current liabilities
Accounts payable	21,330	21,368
CLECO POWER
Utility plant and equipment
Property, plant, and equipment	6,278,873	6,113,217
Accumulated depreciation	(2,427,721)	(2,348,169)
Net property, plant, and equipment	3,851,152	3,765,048
Construction work in progress	105,655	136,217
Total property, plant, and equipment, net	3,956,807	3,901,265
Current assets
Cash and cash equivalents	39,465	23,714
Restricted cash and cash equivalents	29,587	15,918
Accounts receivable	3,028
Other accounts receivable	26,615	23,233
Unbilled revenue	51,243	44,687
Fuel inventory, at average cost	98,718	95,810
Materials and supplies, at average cost	178,912	158,976
Energy risk management assets	10,676	11,294
Accumulated deferred fuel	30,193	457
Cash surrender value of company-/trust-owned life insurance policies	9,264	10,123
Prepayments	52,050	23,524
Regulatory assets	42,843	287,390
Other current assets	4,612	0
Total current assets	633,990	743,820
Equity investment in investee	1,916	1,916
Operating lease right of use assets	13,869	14,905
Restricted cash and cash equivalents	139,185	116,469
Regulatory assets - deferred taxes, net	14,312	2,008
Regulatory assets	205,199	209,028
Intangible assets	674,561	384,908
Energy risk management assets	3,069	0
Other deferred charges	8,795	14,450
Total assets	5,651,703	5,388,769
Liabilities and member’s equity
Member’s equity	2,212,011	2,107,407
Long-term debt, net	1,831,958	1,546,624
Total capitalization	4,043,969	3,654,031
Current liabilities
Short-term debt	85,000	110,000
Long-term debt due within one year	97,098	264,934
Customer deposits	58,863	58,002
Provision for customer refund	20,423	20,510
Taxes payable	41,245	13,422
Interest accrued	16,074	11,781
Regulatory liabilities	9,595	8,327
Postretirement benefit obligations	9,127	21,701
Energy transition reserve	7,691	0
Other current liabilities	13,546	17,387
Total current liabilities	484,355	647,814
Commitments and contingencies (Note 14)
Long-term liabilities and deferred credits
Accumulated deferred federal and state income taxes, net	823,186	788,016
Postretirement benefit obligations	103,901	109,464
Regulatory liabilities	0	1,500
Energy transition reserve	32,151	0
Storm reserve	67,633	76,178
Asset retirement obligations	12,740	13,450
Operating lease liabilities	11,796	12,788
Provision for customer refund	19,896	19,896
Customer advances for construction	24,484	27,440
Credit deposits	7,750	14,750
Other deferred credits	19,842	23,442
Total long-term liabilities and deferred credits	1,123,379	1,086,924
Total liabilities and member’s equity	5,651,703	5,388,769
CLECO POWER | Storm Recovery Property
Current assets
Intangible assets	378,488	384,908
CLECO POWER | Energy Transition Property
Current assets
Intangible assets	296,073	0
CLECO POWER | Nonrelated Party
Current assets
Accounts receivable	59,804	47,520
Current liabilities
Accounts payable	116,743	110,361
CLECO POWER | Affiliate
Current assets
Accounts receivable	8	1,174
Current liabilities
Accounts payable	$ 8,950	$ 11,389