Cleco Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 71,814	$ 30,472
Restricted cash and cash equivalents	30,368	15,918
Other accounts receivable	39,683	23,979
Unbilled revenue	52,297	44,687
Fuel inventory, at average cost	90,807	95,810
Materials and supplies, at average cost	178,138	158,976
Energy risk management assets	7,191	11,294
Accumulated deferred fuel	11,688	457
Cash surrender value of company-/trust-owned life insurance policies	65,422	61,891
Prepayments	64,220	27,685
Regulatory assets	47,689	295,125
Other current assets	10,041	0
Total current assets	846,246	849,273
Property, plant, and equipment
Property, plant, and equipment	5,187,093	4,991,574
Accumulated depreciation	(1,169,894)	(1,050,376)
Net property, plant, and equipment	4,017,199	3,941,198
Construction work in progress	178,463	138,040
Total property, plant, and equipment, net	4,195,662	4,079,238
Equity investment in investee	1,916	1,916
Goodwill	1,490,797	1,490,797
Operating lease right of use assets	13,417	14,905
Restricted cash and cash equivalents	139,848	116,493
Regulatory assets - deferred taxes, net	22,593	2,008
Regulatory assets	302,705	308,833
Intangible assets	666,622	384,908
Intangible asset - other	7,193	7,751
Receivable - Cleco Cajun Divestiture	0	98,153
Other deferred charges	9,984	15,331
Total assets	7,698,264	7,369,606
Current liabilities
Short-term debt	93,000	120,000
Long-term debt due within one year	457,228	264,934
Customer deposits	59,252	58,002
Provision for customer refund	21,009	20,510
Taxes payable	74,148	59,629
Interest accrued	44,598	19,919
Regulatory liabilities	9,917	8,327
Deferred compensation	18,862	17,013
Postretirement benefit obligations	22,858	26,439
Energy transition reserve	10,620	0
Other current liabilities	33,434	29,565
Total current liabilities	1,004,072	771,445
Long-term liabilities and deferred credits
Accumulated deferred federal and state income taxes, net	796,791	748,246
Postretirement benefit obligations	150,521	166,702
Regulatory liabilities	2,250	1,500
Energy transition reserve	28,503	0
Storm reserve	68,648	76,178
Asset retirement obligations	17,282	13,450
Operating lease liabilities	11,337	12,788
Provision for customer refund	0	19,896
Customer advances for construction	26,926	27,440
Credit deposits	7,750	14,750
Energy risk management liabilities	533	0
Other deferred credits	24,642	31,154
Total long-term liabilities and deferred credits	1,135,183	1,112,104
Long-term debt, net	2,558,672	2,645,043
Total liabilities	4,697,927	4,528,592
Commitments and contingencies (Note 14)
Member’s equity	3,000,337	2,841,014
Total liabilities and member’s equity	7,698,264	7,369,606
Storm Recovery Property
Property, plant, and equipment
Intangible assets	373,822	384,908
Energy Transition Property
Property, plant, and equipment
Intangible assets	292,800	0
Nonrelated Party
Current assets
Accounts receivable	65,460	47,520
Current liabilities
Accounts payable	133,686	125,483
Affiliate
Current assets
Accounts receivable	5,653	35,459
Current liabilities
Accounts payable	19,939	21,368
Cleco Cajun
Current assets
Accounts receivable	$ 105,775	$ 0