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Affiliate Transactions
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Affiliate Transactions
Note 17 — Affiliate Transactions
Cleco
Cleco has entered into service agreements with affiliates to receive and to provide goods and professional services. Goods and services received by Cleco primarily involve services provided by Support Group. Support Group provides joint and common administrative support services in the areas of information technology; finance, cash management, accounting, tax, and auditing; human resources; public relations; project consulting; risk management; strategic and corporate development; legal, ethics, and regulatory compliance; facilities management; supply chain and inventory management; and other administrative services.
Cleco Power’s affiliates are charged the higher of management’s estimated fair market value or fully loaded costs for goods and services provided by Cleco Power. Cleco, with the exception of Support Group, charges Cleco Power the lower of management’s estimated fair market value or fully loaded costs for goods and services provided in accordance with service agreements. Support Group bills fully loaded costs to affiliates, which includes payroll and non-payroll costs.
All charges and revenues from consolidated affiliates were eliminated in Cleco’s Consolidated Statements of Income for the years ending December 31, 2025, 2024, and 2023.

AT DEC. 31,
 20252024
(THOUSANDS)
AFFILIATE
RECEIVABLE
AFFILIATE
PAYABLE
AFFILIATE
RECEIVABLE
AFFILIATE
PAYABLE
Cleco Group
$768 $36,166 $35,459 $21,368 

Affiliate receivable decreased $34.7 million primarily due to the filing of the 2024 federal and state income tax return, which incorporated the utilization of net operating losses and final allocation of consolidated taxable income.
Cleco Holdings made no distributions to Cleco Group during 2025. Cleco Holdings made $145.0 million and $53.5 million of distributions to Cleco Group during 2024 and 2023, respectively. Cleco Holdings received no equity contributions from Cleco Group during 2025, 2024, and 2023.

Cleco Power
Cleco Power has entered into service agreements with affiliates to receive and to provide goods and professional services. Charges from affiliates included in Cleco Power’s Consolidated Statements of Income primarily involve services provided by Support Group in accordance with service agreements. Support Group provides joint and common administrative support services in the areas of information technology; finance, cash management, accounting, tax, and auditing; human resources; public relations; project consulting; risk management; strategic and corporate development; legal, ethics, and regulatory compliance; facilities management; supply chain and inventory management; and other administrative services.
With the exception of Support Group, affiliates charge Cleco Power the lower of management’s estimated fair market value or fully loaded costs for goods and services provided in accordance with service agreements. Support Group charges
only fully loaded costs, which are based on management’s estimated fair market value. The following table is a summary of charges from each affiliate included in Cleco Power’s Consolidated Statements of Income:

 FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)202520242023
Support Group   
Other operations and maintenance$89,753 $99,547 $96,907 
Taxes other than income taxes$— $— $65 
Other expense$588 $242 $92 
Cleco Holdings
Other expense$— $625 $— 

The majority of the services provided by Cleco Power relates to the lease of office space to Support Group. Cleco Power charges affiliates the higher of management’s estimated fair market value or fully loaded costs for goods and services provided in accordance with service agreements.
The following table is a summary of revenue received from affiliates included in Cleco Power’s Consolidated Statements of Income:

 FOR THE YEAR ENDED DEC. 31,
(THOUSANDS)202520242023
Other operations revenue
Cleco Cajun
$— $3,422 $10,208 
Affiliate revenue
Support Group972 4,938 5,651 
Cleco Cajun— 7,385 3,253 
Cleco Holdings4 129 — 
Total$976 $15,874 $19,112 

Cleco Power had the following affiliate receivable and payable balances associated with the service agreements:

AT DEC. 31,
 20252024
(THOUSANDS)
AFFILIATE
RECEIVABLE
AFFILIATE
PAYABLE
AFFILIATE
RECEIVABLE
AFFILIATE
PAYABLE
Cleco Holdings
$9 $137 $185 $318 
Support Group— 12,152 989 11,071 
Total$9 $12,289 $1,174 $11,389 

During 2025, 2024, and 2023, Cleco Power made $70.0 million, $95.0 million, and $94.8 million respectively, of distribution payments to Cleco Holdings. Cleco Power received no equity contributions from Cleco Holdings in 2025, 2024, and 2023.