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Cleco Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
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
Property, 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
Equity investment in investee 1,916 1,916
Goodwill 1,490,797 1,490,797
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
Intangible asset - other 7,380 7,751
Energy risk management assets 3,069 0
Receivable - Cleco Cajun Divestiture 0 98,153
Other deferred charges 9,544 15,331
Total assets 7,631,523 7,369,606
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
Deferred compensation 17,759 17,013
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
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
Long-term debt, net 2,567,264 2,645,043
Total liabilities 4,703,063 4,528,592
Commitments and contingencies (Note 14)
Member’s equity 2,928,460 2,841,014
Total liabilities and member’s equity 7,631,523 7,369,606
Storm Recovery Property    
Property, plant, and equipment    
Intangible assets 378,488 384,908
Energy Transition Property    
Property, plant, and equipment    
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 Cajun    
Current assets    
Accounts receivable $ 103,571 $ 0