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Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Instrument [Line Items]  
Schedule of Total Indebtedness
Cleco’s total long-term indebtedness as of December 31, 2025, and 2024 was as follows:

AT DEC. 31,
(THOUSANDS)20252024
Total Cleco Power long-term debt, net
$1,935,516 $1,546,624 
Cleco Holdings’ long-term debt, net
Senior notes, 3.743%, due 2026
360,000 360,000 
Senior notes, 3.375%, due 2029
300,000 300,000 
Senior notes, 4.973%, due 2046
350,000 350,000 
Long-term debt due within one year(359,884)— 
Unamortized debt issuance costs(1)
(941)(1,523)
Fair value adjustment82,553 89,942 
Total Cleco long-term debt, net
$2,667,244 $2,645,043 
(1) For December 31, 2025, and 2024, this amount includes unamortized debt issuance costs for Cleco Holdings of $4.5 million and $5.4 million, respectively, partially offset by deferred debt issuance costs eliminated as a result of the 2016 Merger of $3.6 million and $3.9 million, respectively. For more information, see Note 6 — “Regulatory Assets and Liabilities — Cleco Holdings’ 2016 Merger Adjustments.”
Schedule of Future Amounts Payable Under Long-Term Debt Agreements
The principal amounts payable under long-term debt agreements for each year through 2030 and thereafter are as follows:

(THOUSANDS)CLECO POWERCLECO
For the year ending Dec. 31,
2026
$255,212 $615,212 
2027
$76,300 $76,300 
2028
$227,434 $227,434 
2029
$28,618 $328,618 
2030
$29,853 $29,853 
Thereafter$1,595,209 $1,945,210 
Schedule of Short-Term Debt
Cleco’s total long-term debt due within one year as of December 31, 2025, and December 31, 2024, was as follows:

(THOUSANDS)AT DEC. 31, 2025AT DEC. 31, 2024
Total Cleco Power long-term debt due within one year, net
$254,943 $264,934 
Senior notes, 3.743%
360,000 — 
Long-term debt due within one year
614,943 264,934 
Unamortized debt issuance costs
(117)— 
Long-term debt due within one year, net
$614,826 $264,934 
CLECO POWER  
Debt Instrument [Line Items]  
Schedule of Total Indebtedness
Cleco Power’s total long-term indebtedness as of December 31, 2025, and 2024 was as follows:

AT DEC. 31,
(THOUSANDS)20252024
Bonds  
Senior notes, 3.68%, due 2025
$ $75,000 
Senior notes, 3.47%, due 2026
130,000 130,000 
Senior notes, 5.96%, due 2026
100,000 100,000 
Senior notes, 4.33%, due 2027
50,000 50,000 
Senior notes, 3.57%, due 2028
200,000 200,000 
Senior notes, 6.50%, due 2035
295,000 295,000 
Senior notes, 5.30%, due 2036
350,000 — 
Senior notes, 6.00%, due 2040
250,000 250,000 
Senior notes, 5.12%, due 2041
100,000 100,000 
Series A GO Zone bonds, 2.50%, due 2038, mandatory tender in 2025
 50,000 
Series B GO Zone bonds, 4.25%, due 2038
50,000 50,000 
Cleco Securitization I storm recovery bonds, 4.016%, due 2033
85,840 100,927 
Cleco Securitization I storm recovery bonds, 4.646%, due 2044
300,000 300,000 
Cleco Securitization II energy transition bonds, 4.680%, due 2036
96,786 — 
Cleco Securitization II energy transition bonds, 5.346%, due 2047
205,000 — 
Total bonds2,212,626 1,700,927 
Bank term loan, variable rate, due 2025
 125,000 
Gross amount of long-term debt
2,212,626 1,825,927 
Long-term debt due within one year(254,943)(264,934)
Unamortized debt discount(4,386)(3,866)
Unamortized debt issuance costs(17,781)(10,503)
Total long-term debt, net
$1,935,516 $1,546,624 
Schedule of Short-Term Debt
Cleco Power’s total long-term debt due within one year as of December 31, 2025, and December 31, 2024, was as follows:

(THOUSANDS)AT DEC. 31, 2025AT DEC. 31, 2024
Senior notes, 3.68%
$ $75,000 
Senior notes, 3.47%
130,000 — 
Senior notes, 5.96%
100,000 — 
Series A GO Zone bonds, 2.50%,
 50,000 
Bank term loan, variable rate 125,000 
Cleco Securitization I storm recovery bonds, 4.016%
15,699 15,087 
Cleco Securitization II energy transition bonds, 4.680%
9,513 — 
Long-term debt due within one year255,212 265,087 
Unamortized debt issuance costs(269)(153)
Long-term debt due within one year, net $254,943 $264,934