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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
Restricted Cash and Cash Equivalents Items [Line Items]  
Schedule of Revisions Previously Issued Financial Statements
A summary of the revisions to the previously filed consolidated financial statements is shown below.
CLECO
CLECO POWER
FOR THE THREE MONTHS ENDED MARCH 31, 2025
FOR THE THREE MONTHS ENDED MARCH 31, 2025
(THOUSANDS)AS REPORTED
REVISION
AS REVISED
AS REPORTED
REVISION
AS REVISED
Unearned compensation expense$435 $5,111 $5,546 $1,317 $3,356 $4,673 
Accounts receivable$(710)$1,342 $632 $(997)$1,342 $345 
Customer deposits$1,749 $(1,342)$407 $1,749 $(1,342)$407 
Other deferred accounts$(19,419)$12,875 $(6,544)$(7,542)$3,545 $(3,997)
Accounts payable$(9,105)$(3,014)$(12,119)$(1,338)$(1,870)$(3,208)
Taxes accrued$7,226 $(494)$6,732 $13,975 $(77)$13,898 
Other operating$(5,892)$(13,666)$(19,558)$(6,365)$(4,142)$(10,507)
Net cash provided by operating activities$54,442 $812 $55,254 $76,340 $812 $77,152 
Additions to property, plant, and equipment$(68,289)$(812)$(69,101)$(67,832)$(812)$(68,644)
Customer advances for construction$900 $— $900 $900 $— $900 
Net cash used in investing activities
$(70,166)$(812)$(70,978)$(69,709)$(812)$(70,521)
Accrued additions to property, plant, and equipment$3,466 $5,648 $9,114 $3,449 $5,648 $9,097 

CLECOCLECO POWER
FOR THE YEAR ENDED DECEMBER 31, 2024
FOR THE YEAR ENDED DECEMBER 31, 2024
(THOUSANDS)AS REPORTED
REVISION
AS REVISED
AS REPORTED
REVISION
AS REVISED
Unearned compensation expense$8,774 $30,170 $38,944 $1,867 $17,043 $18,910 
Accounts receivable$20,319 $6,393 $26,712 $(1,377)$6,393 $5,016 
Customer deposits$7,654 $(6,393)$1,261 $7,654 $(6,393)$1,261 
Other deferred accounts$2,943 $(10,065)$(7,122)$10,564 $(9,434)$1,130 
Accounts payable$(11,856)$(27,563)$(39,419)$(5,295)$(17,664)$(22,959)
Taxes accrued$39,010 $626 $39,636 $(11,845)$101 $(11,744)
Other operating$(1,079)$(4,254)$(5,333)$2,229 $(1,132)$1,097 
Net cash provided by operating activities$296,805 $(11,086)$285,719 $270,585 $(11,086)$259,499 
Additions to property, plant, and equipment$(259,525)$(14,722)$(274,247)$(255,336)$(14,722)$(270,058)
Customer advances for construction$— $18,058 $18,058 $— $18,058 $18,058 
Net cash provided by (used in) investing activities
$217,239 $3,336 $220,575 $(242,341)$3,336 $(239,005)
Credit deposits$— $7,750 $7,750 $— $7,750 $7,750 
Net cash used in financing activities$(607,228)$7,750 $(599,478)$(50,721)$7,750 $(42,971)
Accrued additions to property, plant, and equipment$5,010 $6,460 $11,470 $5,010 $6,460 $11,470 
CLECOCLECO POWER
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024
(THOUSANDS)AS REPORTED
REVISION
AS REVISED
AS REPORTED
REVISION
AS REVISED
Unearned compensation expense$5,875 $23,588 $29,463 $1,236 $13,101 $14,337 
Accounts receivable$1,612 $4,896 $6,508 $(17,405)$4,896 $(12,509)
Customer deposits$5,768 $(4,896)$872 $5,768 $(4,896)$872 
Other deferred accounts$(10,824)$(9,623)$(20,447)$(5,128)$(9,082)$(14,210)
Accounts payable$(30,560)$(18,514)$(49,074)$(20,575)$(10,540)$(31,115)
Taxes accrued$60,424 $526 $60,950 $23,473 $81 $23,554 
Other operating$(12,684)$(3,398)$(16,082)$(2,030)$(981)$(3,011)
Net cash provided by operating activities$265,136 $(7,421)$257,715 $248,855 $(7,421)$241,434 
Additions to property, plant, and equipment$(172,513)$(18,163)$(190,676)$(168,528)$(18,163)$(186,691)
Customer advances for construction$— $17,834 $17,834 $— $17,834 $17,834 
Net cash provided by (used in) investing activities
$293,291 $(329)$292,962 $(166,493)$(329)$(166,822)
Credit deposits$— $7,750 $7,750 $— $7,750 $7,750 
Net cash used in financing activities$(439,911)$7,750 $(432,161)$(85,706)$7,750 $(77,956)
Accrued additions to property, plant, and equipment$4,488 $3,044 $7,532 $4,486 $3,044 $7,530 

CLECOCLECO POWER
FOR THE SIX MONTHS ENDED JUNE 30, 2024
FOR THE SIX MONTHS ENDED JUNE 30, 2024
(THOUSANDS)AS REPORTED
REVISION
AS REVISED
AS REPORTED
REVISION
AS REVISED
Unearned compensation expense$3,685 $10,009 $13,694 $— $6,519 $6,519 
Accounts receivable$21,816 $3,100 $24,916 $2,911 $3,100 $6,011 
Customer deposits$3,902 $(3,100)$802 $3,902 $(3,100)$802 
Other deferred accounts(1)
$(3,236)$(9,277)$(12,513)$(694)$(8,272)$(8,966)
Accounts payable(2)
$(20,239)$(10,451)$(30,690)$(5,019)$(5,811)$(10,830)
Taxes accrued$80,585 $477 $81,062 $34,900 $(72)$34,828 
Other operating(3)
$(10,409)$262 $(10,147)$(6,163)$(1,344)$(7,507)
Net cash provided by operating activities$185,038 $(8,980)$176,058 $160,241 $(8,980)$151,261 
Additions to property, plant, and equipment$(116,515)$(7,297)$(123,812)$(113,081)$(7,297)$(120,378)
Customer advances for construction$— $8,527 $8,527 $— $8,527 $8,527 
Net cash provided by (used in) investing activities
$348,743 $1,230 $349,973 $(111,592)$1,230 $(110,362)
Credit deposits$— $7,750 $7,750 $— $7,750 $7,750 
Net cash used in financing activities $(370,455)$7,750 $(362,705)$(48,755)$7,750 $(41,005)
Accrued additions to property, plant, and equipment$4,131 $4,712 $8,843 $4,086 $4,712 $8,798 
Amounts presented as revised differ from those in Part I, Item 1, “Condensed Consolidated Financial Statements (Unaudited) — Cleco — Condensed Consolidated Statements of Cash Flows (Unaudited)” and “— Cleco Power — Condensed Consolidated Statements of Cash Flows (Unaudited)” due to the following:
(1) For Cleco and Cleco Power, includes $10.4 million previously reported in Other deferred accounts that was reclassified to Storm reserves.
(2) For Cleco, includes $26.2 million that was reclassified to Incentive compensation payable. For Cleco Power, includes $7.9 million that was reclassified to Incentive compensation payable.
(3) For Cleco, includes $0.5 million previously reported in Provision for credit losses and $8.2 million that was reclassified to Incentive compensation payable. For Cleco Power, includes $0.5 million previously reported in Provision for credit losses, $1.5 million that was reclassified to Incentive compensation payable, $0.7 million previously reported in Postretirement benefit obligations, and $0.3 million previously reported in Regulatory assets.
CLECOCLECO POWER
FOR THE YEAR ENDED DECEMBER 31, 2023
FOR THE YEAR ENDED DECEMBER 31, 2023
(THOUSANDS)AS REPORTED
REVISION
AS REVISED
AS REPORTED
REVISION
AS REVISED
Unearned compensation expense$10,102 $26,254 $36,356 $1,661 $15,378 $17,039 
Accounts receivable$8,112 $6,680 $14,792 $18,044 $6,680 $24,724 
Customer deposits$5,311 $(6,680)$(1,369)$5,311 $(6,680)$(1,369)
Other deferred accounts$(1,632)$(9,337)$(10,969)$4,441 $(8,106)$(3,665)
Accounts payable$(37,827)$(22,513)$(60,340)$(19,185)$(12,620)$(31,805)
Taxes accrued$225 $293 $518 $6,567 $40 $6,607 
Other operating$874 $— $874 $417 $— $417 
Net cash provided by operating activities$421,192 $(5,302)$415,890 $399,943 $(5,308)$394,635 
Additions to property, plant, and equipment$(230,238)$(33,586)$(263,824)$(220,982)$(33,580)$(254,562)
Customer advances for construction$— $31,888 $31,888 $— $31,888 $31,888 
Net cash used in investing activities
$(227,816)$(1,698)$(229,514)$(218,657)$(1,692)$(220,349)
Credit deposits$— $7,000 $7,000 $— $7,000 $7,000 
Net cash used in financing activities$(128,881)$7,000 $(121,881)$(150,352)$7,000 $(143,352)
Accrued additions to property, plant, and equipment$5,052 $3,481 $8,533 $4,196 $3,481 $7,677 

CLECOCLECO POWER
FOR THE YEAR ENDED DECEMBER 31, 2022
FOR THE YEAR ENDED DECEMBER 31, 2022
(THOUSANDS)AS REPORTED
REVISION
AS REVISED
AS REPORTED
REVISION
AS REVISED
Unearned compensation expense$5,502 $12,518 $18,020 $— $5,258 $5,258 
Accounts receivable$(61,848)$8,804 $(53,044)$(48,353)$8,804 $(39,549)
Customer deposits$6,778 $(8,804)$(2,026)$6,778 $(8,804)$(2,026)
Other deferred accounts$(7,333)$3,913 $(3,420)$(2,281)$599 $(1,682)
Accounts payable$20,711 $(7,074)$13,637 $(854)$(108)$(962)
Taxes accrued$11,337 $364 $11,701 $9,704 $80 $9,784 
Other operating$(8,205)$(5,450)$(13,655)$(5,148)$(1,556)$(6,704)
Net cash provided by operating activities$344,912 $4,272 $349,184 $274,265 $4,272 $278,537 
Additions to property, plant, and equipment$(236,767)$(11,924)$(248,691)$(228,940)$(11,924)$(240,864)
Customer advances for construction$— $7,652 $7,652 $— $7,652 $7,652 
Net cash used in investing activities
$(193,257)$(4,272)$(197,529)$(220,693)$(4,272)$(224,965)
Accrued additions to property, plant, and equipment$10,247 $5,020 $15,267 $9,954 $5,020 $14,974 
Schedule of Restricted Cash and Cash Equivalents
Cleco’s and Cleco Power’s restricted cash and cash equivalents consisted of the following:
Cleco
(THOUSANDS)AT JUNE 30, 2025AT DEC. 31, 2024
Current
Cleco Securitization I and Cleco Securitization II operating expenses and debt service
$21,896 $15,918 
Cleco Securitization II Dolet Hills plant and mine retirement costs 7,691 — 
Total current29,587 15,918 
Non-current
Cleco Securitization II Dolet Hills plant and mine retirement costs 32,538 1 
Diversified Lands’ mitigation escrow25 24 
Cleco Power’s future storm restoration costs106,647 116,468 
Total non-current139,210 116,493 
Total restricted cash and cash equivalents$168,797 $132,411 
Schedule of Changes in Allowance for Credit Losses, Other
The tables below present the changes in the allowance for credit losses by receivable for Cleco and Cleco Power:
Cleco
FOR THE THREE MONTHS ENDED JUNE 30, 2025FOR THE SIX MONTHS ENDED JUNE 30, 2025
(THOUSANDS)ACCOUNTS
RECEIVABLE
OTHER
TOTALACCOUNTS
RECEIVABLE
OTHER
TOTAL
Balances, beginning of period
$845 $1,638 $2,483 $1,337 $1,638 $2,975 
Current period provision476 — 476 381 — 381 
Charge-offs(688)— (688)(1,350)— (1,350)
Recovery212 — 212 477 — 477 
Balances, June 30, 2025$845 $1,638 $2,483 $845 $1,638 $2,483 
FOR THE THREE MONTHS ENDED JUNE 30, 2024FOR THE SIX MONTHS ENDED JUNE 30, 2024
(THOUSANDS)ACCOUNTS
RECEIVABLE
OTHER
TOTALACCOUNTS
RECEIVABLE
OTHER
TOTAL
Balances, beginning of period
$1,822 $1,638 $3,460 $3,012 $1,638 $4,650 
Current period provision368 — 368 510 — 510 
Charge-offs(1,098)— (1,098)(2,761)— (2,761)
Recovery276 — 276 607 — 607 
Balances, June 30, 2024$1,368 $1,638 $3,006 $1,368 $1,638 $3,006 
Schedule of Changes in Allowance for Credit Losses, Accounts Receivable
The tables below present the changes in the allowance for credit losses by receivable for Cleco and Cleco Power:
Cleco
FOR THE THREE MONTHS ENDED JUNE 30, 2025FOR THE SIX MONTHS ENDED JUNE 30, 2025
(THOUSANDS)ACCOUNTS
RECEIVABLE
OTHER
TOTALACCOUNTS
RECEIVABLE
OTHER
TOTAL
Balances, beginning of period
$845 $1,638 $2,483 $1,337 $1,638 $2,975 
Current period provision476 — 476 381 — 381 
Charge-offs(688)— (688)(1,350)— (1,350)
Recovery212 — 212 477 — 477 
Balances, June 30, 2025$845 $1,638 $2,483 $845 $1,638 $2,483 
FOR THE THREE MONTHS ENDED JUNE 30, 2024FOR THE SIX MONTHS ENDED JUNE 30, 2024
(THOUSANDS)ACCOUNTS
RECEIVABLE
OTHER
TOTALACCOUNTS
RECEIVABLE
OTHER
TOTAL
Balances, beginning of period
$1,822 $1,638 $3,460 $3,012 $1,638 $4,650 
Current period provision368 — 368 510 — 510 
Charge-offs(1,098)— (1,098)(2,761)— (2,761)
Recovery276 — 276 607 — 607 
Balances, June 30, 2024$1,368 $1,638 $3,006 $1,368 $1,638 $3,006 
CLECO POWER  
Restricted Cash and Cash Equivalents Items [Line Items]  
Schedule of Restricted Cash and Cash Equivalents
Cleco Power
(THOUSANDS)AT JUNE 30, 2025AT DEC. 31, 2024
Current
Cleco Securitization I and Cleco Securitization II operating expenses and debt service
$21,896 $15,918 
Cleco Securitization II Dolet Hills plant and mine retirement costs 7,691 — 
Total current29,587 15,918 
Non-current
Cleco Securitization II Dolet Hills plant and mine retirement costs 32,538 1 
Future storm restoration costs106,647 116,468 
Total non-current139,185 116,469 
Total restricted cash and cash equivalents$168,772 $132,387 
Schedule of Changes in Allowance for Credit Losses, Accounts Receivable
Cleco Power
FOR THE THREE MONTHS ENDED JUNE 30, 2025
FOR THE SIX MONTHS ENDED JUNE 30, 2025
(THOUSANDS)ACCOUNTS RECEIVABLE
Balances, beginning of period
$845 $1,337 
Current period provision476 381 
Charge-offs(688)(1,350)
Recovery212 477 
Balances, June 30, 2025$845 $845 

FOR THE THREE MONTHS ENDED JUNE 30, 2024
FOR THE SIX MONTHS ENDED JUNE 30, 2024
(THOUSANDS)ACCOUNTS RECEIVABLE
Balances, beginning of period
$1,822 $3,012 
Current period provision368 510 
Charge-offs(1,098)(2,761)
Recovery276 607 
Balances, June 30, 2024$1,368 $1,368