Cleco Power 10-Q 7 Nov 22 2022 Q3 Quarterly report Financial data

Cover Page

Cover Page	9 Months Ended
	Sep. 30, 2022 shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	1-15759
Entity Registrant Name	CLECO CORPORATE HOLDINGS LLC
Entity Incorporation, State or Country Code	LA
Entity Tax Identification Number	72-1445282
Entity Address, Address Line One	2030 Donahue Ferry Road
Entity Address, City or Town	Pineville
Entity Address, State or Province	LA
Entity Address, Postal Zip Code	71360-5226
City Area Code	318
Local Phone Number	484-7400
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	0
Entity Central Index Key	0001089819
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
CLECO POWER
Entity Information [Line Items]
Entity File Number	1-05663
Entity Registrant Name	CLECO POWER LLC
Entity Incorporation, State or Country Code	LA
Entity Tax Identification Number	72-0244480
Entity Address, Address Line One	2030 Donahue Ferry Road
Entity Address, City or Town	Pineville
Entity Address, State or Province	LA
Entity Address, Postal Zip Code	71360-5226
City Area Code	318
Local Phone Number	484-7400
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding	0
Entity Central Index Key	0000018672
Current Fiscal Year End Date	--12-31

Cleco Condensed Consolidated St

Cleco Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Operating revenue
Electric operations	$ 619,500	$ 462,164	$ 1,509,093	$ 1,180,345
Other operations	61,771	55,721	167,042	150,777
Gross operating revenue	681,271	517,885	1,676,135	1,331,122
Electric customer credits	(6,728)	(691)	(6,992)	(40,185)
Operating revenue, net	674,543	517,194	1,669,143	1,290,937
Operating expenses
Fuel used for electric generation	167,068	69,318	333,174	150,620
Purchased power	221,103	101,377	481,728	336,573
Other operations and maintenance	79,830	76,540	222,657	221,234
Depreciation and amortization	58,369	60,628	195,639	169,892
Taxes other than income taxes	18,722	17,766	50,592	50,769
Regulatory disallowance	13,841	0	13,841	0
Total operating expenses	558,933	325,629	1,297,631	929,088
Operating income	115,610	191,565	371,512	361,849
Interest income	2,238	941	4,236	2,416
Allowance for equity funds used during construction	965	711	2,704	2,703
Other expense, net	(4,940)	(8,109)	(13,604)	(15,112)
Interest charges
Interest charges, net	40,353	35,174	111,018	103,092
Allowance for borrowed funds used during construction	(463)	(545)	(1,200)	(1,280)
Total interest charges	39,890	34,629	109,818	101,812
Income before income taxes	73,983	150,479	255,030	250,044
Federal and state income tax expense	5,611	30,569	29,551	30,985
Net income	$ 68,372	$ 119,910	$ 225,479	$ 219,059

Cleco Condensed Consolidated _2

Cleco Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 68,372	$ 119,910	$ 225,479	$ 219,059
Other comprehensive income, net of tax
Postretirement benefits gain (loss), net of tax expense (benefit)	10	96	31	304
Total other comprehensive income (loss), net of tax	10	96	31	304
Comprehensive income, net of tax	$ 68,382	$ 120,006	$ 225,510	$ 219,363

Cleco Condensed Consolidated _3

Cleco Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Tax (expense) benefit of postretirement benefits gain (loss)	$ (4)	$ (34)	$ (11)	$ (107)

Cleco Condensed Consolidated Ba

Cleco Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 103,117	$ 148,563
Restricted cash and cash equivalents	14,902	1,674
Customer accounts receivable (less allowance for credit losses)	160,201	91,869
Accounts receivable - affiliate	13,111	3,041
Other accounts receivable	49,487	27,818
Taxes receivable	0	564
Unbilled revenue	40,560	37,663
Fuel inventory, at average cost	112,662	68,838
Materials and supplies, at average cost	146,625	133,666
Energy risk management assets	80,912	43,479
Accumulated deferred fuel	81,928	56,826
Cash surrender value of company-/trust-owned life insurance policies	74,163	98,576
Prepayments	15,353	13,283
Regulatory assets	46,930	29,261
Other current assets	2,705	12,839
Total current assets	942,656	767,960
Property, plant, and equipment
Property, plant, and equipment	5,350,425	5,416,722
Accumulated depreciation	(891,468)	(700,991)
Net property, plant, and equipment	4,458,957	4,715,731
Construction work in progress	119,949	100,163
Total property, plant, and equipment, net	4,578,906	4,815,894
Equity investment in investee	2,072	2,072
Goodwill	1,490,797	1,490,797
Prepayments	31,819	21,598
Operating lease right of use assets	23,336	24,014
Restricted cash and cash equivalents	109,373	745
Note receivable	13,125	13,744
Regulatory assets	676,720	810,820
Energy risk management assets	91,853	50,962
Other deferred charges	44,883	44,177
Total assets	8,484,521	8,125,018
Current liabilities
Short-term debt	87,000	0
Long-term debt and finance leases due within one year	267,954	93,455
Accounts payable	177,448	167,886
Accounts payable - affiliate	13,092	51,297
Customer deposits	59,101	60,852
Provision for rate refund	13,256	5,682
Taxes payable	51,844	6,311
Interest accrued	44,876	15,203
Energy risk management liabilities	5,521	834
Regulatory liabilities - deferred taxes, net	44,129	44,072
Deferred compensation	11,433	14,420
Other current liabilities	54,409	53,150
Total current liabilities	830,063	513,162
Long-term liabilities and deferred credits
Accumulated deferred federal and state income taxes, net	823,798	755,764
Postretirement benefit obligations	290,818	291,606
Regulatory liabilities - deferred taxes, net	4,970	51,472
Storm reserves	108,652	0
Deferred lease revenue	24,547	31,451
Intangible liabilities	15,216	18,997
Asset retirement obligations	68,852	69,667
Operating lease liabilities	20,465	21,128
Other deferred credits	31,046	27,582
Total long-term liabilities and deferred credits	1,388,364	1,267,667
Long-term debt and finance leases, net	3,306,016	3,390,033
Total liabilities	5,524,443	5,170,862
Commitments and contingencies (Note 13)
Member’s equity	2,960,078	2,954,156
Total liabilities and member’s equity	8,484,521	8,125,018
Storm recover property
Property, plant, and equipment
Intangible assets	415,946	0
Other
Property, plant, and equipment
Intangible assets	$ 63,035	$ 82,235

Cleco Condensed Consolidated _4

Cleco Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Customer accounts receivable, allowance for credit losses	$ 1,498	$ 1,302

Cleco Condensed Consolidated _5

Cleco Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021
Operating activities
Net income	$ 225,479		$ 219,059
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	220,591		195,619
Provision for credit losses	2,143		3,106
Regulatory disallowance	13,841		0
Electric customer credits	6,577		0
Unearned compensation expense	3,688		7,068
Allowance for equity funds used during construction	(2,704)		(2,703)
Gain on risk management assets and liabilities, net	(112,077)		(136,024)
Deferred lease revenue	(6,904)		(6,904)
Deferred income taxes	21,578		36,513
Cash surrender value of company-/trust-owned life insurance	5,775		(5,223)
Changes in assets and liabilities
Accounts receivable	(98,826)		(56,922)
Accounts receivable, affiliate	(10,069)		(1,375)
Unbilled revenue	(2,897)		3,368
Fuel inventory and materials and supplies	(61,518)		(3,198)
Prepayments	(10,908)		(8,573)
Accounts payable	8,164		(11,680)
Accounts payable - affiliate	(38,206)		0
Customer deposits	6,139		8,295
Provision for merger commitments	(500)		(1,881)
Postretirement benefit obligations	(746)		6,262
Regulatory assets and liabilities, net	(9,498)		(95,294)
Deferred fuel recoveries	(23,185)		(50,986)
Other deferred accounts	(4,885)		(9,163)
Taxes accrued	45,144		26,864
Interest accrued	29,673		23,961
Energy risk management collateral received	36,400		8,900
Other operating	2,856		(9,295)
Net cash provided by operating activities	245,125		139,794
Investing activities
Additions to property, plant, and equipment	(145,514)		(207,257)
Proceeds from sale of property, plant, and equipment	663		1,445
Return of equity investment in investee	0		5,250
Return of investment in company-owned life insurance	15,671		0
Other investing	630		1,469
Net cash used in investing activities	(128,550)		(199,093)
Financing activities
Draws on revolving credit facility	127,000		185,000
Payments on revolving credit facility	(40,000)		(260,000)
Issuances of long-term debt	424,946		325,000
Repayment of long-term debt	(325,000)		0
Payment of financing costs	(6,964)		(4,149)
Distributions to member	(219,588)		0
Other financing	(559)		(505)
Net cash (used in) provided by financing activities	(40,165)		245,346
Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents	76,410		186,047
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period	150,982	[1]	90,265
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period	227,392	[1]	276,312
Supplementary cash flow information
Interest paid, net of amount capitalized	72,772		70,387
Supplementary non-cash investing and financing activities
Accrued additions to property, plant, and equipment	7,098		45,646
Reduction in property, plant, and equipment due to regulatory disallowance	13,841		0
Reduction in property, plant, and equipment due to securitization of capitalized storm costs	$ 197,689		$ 0
[1] (1) Includes cash and cash equivalents of $148,563, current restricted cash and cash equivalents of $1,674, and non-current restricted cash and cash equivalents of $745. (2) Includes cash and cash equivalents of $103,117, current restricted cash and cash equivalents of $14,902, and non-current restricted cash and cash equivalents of $109,373.

Cleco Condensed Consolidated _6

Cleco Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Cash Flows [Abstract]
Cash and cash equivalents	$ 103,117	$ 148,563
Restricted cash and cash equivalents, current	14,902	1,674
Restricted cash and cash equivalents, noncurrent	$ 109,373	$ 745

Cleco Condensed Consolidated _7

Cleco Condensed Consolidated Statements of Changes in Member’s Equity (Unaudited) - USD ($) $ in Thousands	Total	MEMBERSHIP INTEREST	RETAINED EARNINGS	AOCI
Balances, beginning of period at Dec. 31, 2020	$ 2,757,023	$ 2,454,276	$ 328,543	$ (25,796)
Increase (Decrease) in Equity [Roll Forward]
Net income	219,059		219,059
Other comprehensive income (loss), net of tax	304			304
Balances, end of period at Sep. 30, 2021	2,976,386	2,454,276	547,602	(25,492)
Balances, beginning of period at Jun. 30, 2021	2,856,380	2,454,276	427,692	(25,588)
Increase (Decrease) in Equity [Roll Forward]
Net income	119,910		119,910
Other comprehensive income (loss), net of tax	96			96
Balances, end of period at Sep. 30, 2021	2,976,386	2,454,276	547,602	(25,492)
Balances, beginning of period at Dec. 31, 2021	2,954,156	2,454,276	523,509	(23,629)
Increase (Decrease) in Equity [Roll Forward]
Distributions to member	(219,588)		(219,588)
Net income	225,479		225,479
Other comprehensive income (loss), net of tax	31			31
Balances, end of period at Sep. 30, 2022	2,960,078	2,454,276	529,400	(23,598)
Balances, beginning of period at Jun. 30, 2022	2,978,446	2,454,276	547,778	(23,608)
Increase (Decrease) in Equity [Roll Forward]
Distributions to member	(86,750)		(86,750)
Net income	68,372		68,372
Other comprehensive income (loss), net of tax	10			10
Balances, end of period at Sep. 30, 2022	$ 2,960,078	$ 2,454,276	$ 529,400	$ (23,598)

Cleco Power Condensed Consolida

Cleco Power Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Operating revenue
Electric operations	$ 619,500	$ 462,164	$ 1,509,093	$ 1,180,345
Other operations	61,771	55,721	167,042	150,777
Affiliate revenue	0	0	0	0
Gross operating revenue	681,271	517,885	1,676,135	1,331,122
Electric customer credits	(6,728)	(691)	(6,992)	(40,185)
Operating revenue, net	674,543	517,194	1,669,143	1,290,937
Operating expenses
Fuel used for electric generation	167,068	69,318	333,174	150,620
Purchased power	221,103	101,377	481,728	336,573
Other operations and maintenance	79,830	76,540	222,657	221,234
Depreciation and amortization	58,369	60,628	195,639	169,892
Taxes other than income taxes	18,722	17,766	50,592	50,769
Regulatory disallowance	13,841	0	13,841	0
Total operating expenses	558,933	325,629	1,297,631	929,088
Operating income	115,610	191,565	371,512	361,849
Interest income	2,238	941	4,236	2,416
Allowance for equity funds used during construction	965	711	2,704	2,703
Other expense, net	(4,940)	(8,109)	(13,604)	(15,112)
Interest charges
Interest charges, net	40,353	35,174	111,018	103,092
Allowance for borrowed funds used during construction	(463)	(545)	(1,200)	(1,280)
Total interest charges	39,890	34,629	109,818	101,812
Income before income taxes	73,983	150,479	255,030	250,044
Federal and state income tax expense	5,611	30,569	29,551	30,985
Net income	68,372	119,910	225,479	219,059
CLECO POWER
Operating revenue
Electric operations	481,153	357,084	1,145,864	887,191
Other operations	24,757	22,779	62,528	57,674
Affiliate revenue	1,657	1,380	4,744	4,259
Gross operating revenue	507,567	381,243	1,213,136	949,124
Electric customer credits	(6,728)	(691)	(6,992)	(40,429)
Operating revenue, net	500,839	380,552	1,206,144	908,695
Operating expenses
Fuel used for electric generation	192,010	149,127	442,249	262,970
Purchased power	111,764	38,211	213,586	151,499
Other operations and maintenance	58,581	56,720	159,588	162,448
Depreciation and amortization	44,368	43,526	133,907	126,534
Taxes other than income taxes	14,940	12,891	39,117	36,707
Regulatory disallowance	13,841	0	13,841	0
Total operating expenses	435,504	300,475	1,002,288	740,158
Operating income	65,335	80,077	203,856	168,537
Interest income	1,726	936	3,501	2,404
Allowance for equity funds used during construction	965	711	2,704	2,703
Other expense, net	(1,591)	(6,106)	(5,852)	(16,064)
Interest charges
Interest charges, net	24,303	19,054	65,147	56,672
Allowance for borrowed funds used during construction	(463)	(545)	(1,200)	(1,280)
Total interest charges	23,840	18,509	63,947	55,392
Income before income taxes	42,595	57,109	140,262	102,188
Federal and state income tax expense	1,862	548	5,800	(219)
Net income	$ 40,733	$ 56,561	$ 134,462	$ 102,407

Cleco Power Condensed Consoli_2

Cleco Power Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net income	$ 68,372	$ 119,910	$ 225,479	$ 219,059
Other comprehensive income, net of tax
Postretirement benefits gain (loss), net of tax expense (benefit)	10	96	31	304
Total other comprehensive income (loss), net of tax	10	96	31	304
Comprehensive income, net of tax	68,382	120,006	225,510	219,363
CLECO POWER
Net income	40,733	56,561	134,462	102,407
Other comprehensive income, net of tax
Postretirement benefits gain (loss), net of tax expense (benefit)	307	350	920	1,095
Amortization of interest rate derivatives to earnings	63	63	189	191
Total other comprehensive income (loss), net of tax	370	413	1,109	1,286
Comprehensive income, net of tax	$ 41,103	$ 56,974	$ 135,571	$ 103,693

Cleco Power Condensed Consoli_3

Cleco Power Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Tax (expense) benefit of postretirement benefits gain (loss)	$ (4)	$ (34)	$ (11)	$ (107)
CLECO POWER
Tax (expense) benefit of postretirement benefits gain (loss)	(113)	(123)	(339)	(386)
Tax expense on amortization of interest rate derivatives to earnings	$ 23	$ 22	$ 69	$ 67

Cleco Power Condensed Consoli_4

Cleco Power Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Utility plant and equipment
Property, plant, and equipment	$ 5,350,425	$ 5,416,722
Accumulated depreciation	(891,468)	(700,991)
Net property, plant, and equipment	4,458,957	4,715,731
Construction work in progress	119,949	100,163
Total property, plant, and equipment, net	4,578,906	4,815,894
Current assets
Cash and cash equivalents	103,117	148,563
Restricted cash and cash equivalents	14,902	1,674
Customer accounts receivable (less allowance for credit losses)	160,201	91,869
Accounts receivable - affiliate	13,111	3,041
Other accounts receivable	49,487	27,818
Unbilled revenue	40,560	37,663
Fuel inventory, at average cost	112,662	68,838
Materials and supplies, at average cost	146,625	133,666
Energy risk management assets	80,912	43,479
Accumulated deferred fuel	81,928	56,826
Cash surrender value of company-/trust-owned life insurance policies	74,163	98,576
Prepayments	15,353	13,283
Regulatory assets	46,930	29,261
Other current assets	2,705	12,839
Total current assets	942,656	767,960
Equity investment in investee	2,072	2,072
Prepayments	31,819	21,598
Operating lease right of use assets	23,336	24,014
Restricted cash and cash equivalents	109,373	745
Note receivable	13,125	13,744
Regulatory assets	676,720	810,820
Other deferred charges	44,883	44,177
Total assets	8,484,521	8,125,018
Liabilities and member’s equity
Member’s equity	2,960,078	2,954,156
Long-term debt and finance leases, net	3,306,016	3,390,033
Current liabilities
Short-term debt	87,000	0
Long-term debt and finance leases due within one year	267,954	93,455
Accounts payable	177,448	167,886
Accounts payable - affiliate	13,092	51,297
Customer deposits	59,101	60,852
Provision for rate refund	13,256	5,682
Taxes payable	51,844	6,311
Interest accrued	44,876	15,203
Energy risk management liabilities	5,521	834
Regulatory liabilities - deferred taxes, net	44,129	44,072
Other current liabilities	54,409	53,150
Total current liabilities	830,063	513,162
Commitments and contingencies (Note 13)
Long-term liabilities and deferred credits
Accumulated deferred federal and state income taxes, net	823,798	755,764
Postretirement benefit obligations	290,818	291,606
Regulatory liabilities - deferred taxes, net	4,970	51,472
Storm reserves	108,652	0
Asset retirement obligations	68,852	69,667
Operating lease liabilities	20,465	21,128
Other deferred credits	31,046	27,582
Total long-term liabilities and deferred credits	1,388,364	1,267,667
Total liabilities and member’s equity	8,484,521	8,125,018
Storm recover property
Current assets
Intangible assets	415,946	0
CLECO POWER
Utility plant and equipment
Property, plant, and equipment	5,672,636	5,745,489
Accumulated depreciation	(2,048,367)	(1,919,766)
Net property, plant, and equipment	3,624,269	3,825,723
Construction work in progress	115,252	94,573
Total property, plant, and equipment, net	3,739,521	3,920,296
Current assets
Cash and cash equivalents	36,290	85,667
Restricted cash and cash equivalents	14,902	1,674
Customer accounts receivable (less allowance for credit losses)	103,839	48,551
Accounts receivable - affiliate	2,486	13,612
Other accounts receivable	28,517	21,931
Unbilled revenue	40,560	37,663
Fuel inventory, at average cost	85,600	46,121
Materials and supplies, at average cost	112,860	101,502
Energy risk management assets	5,195	5,515
Accumulated deferred fuel	81,928	56,826
Cash surrender value of company-/trust-owned life insurance policies	16,281	16,260
Prepayments	10,654	7,784
Regulatory assets	39,194	21,526
Other current assets	817	782
Total current assets	579,123	465,414
Equity investment in investee	2,072	2,072
Prepayments	1,324	1,243
Operating lease right of use assets	23,288	23,970
Restricted cash and cash equivalents	108,623	0
Note receivable	13,125	13,744
Regulatory assets	554,264	680,813
Other deferred charges	22,465	21,949
Total assets	5,459,751	5,129,501
Liabilities and member’s equity
Member’s equity	1,978,608	1,948,537
Long-term debt and finance leases, net	1,886,216	1,800,854
Total capitalization	3,864,824	3,749,391
Current liabilities
Short-term debt	77,000	0
Long-term debt and finance leases due within one year	35,382	25,755
Accounts payable	110,855	114,493
Accounts payable - affiliate	10,837	69,729
Customer deposits	59,101	60,852
Provision for rate refund	13,256	5,682
Taxes payable	46,841	5,494
Interest accrued	26,544	5,080
Energy risk management liabilities	457	597
Regulatory liabilities - deferred taxes, net	44,129	44,072
Other current liabilities	32,200	23,467
Total current liabilities	456,602	355,221
Commitments and contingencies (Note 13)
Long-term liabilities and deferred credits
Accumulated deferred federal and state income taxes, net	755,253	707,479
Postretirement benefit obligations	206,669	205,214
Regulatory liabilities - deferred taxes, net	4,970	51,472
Storm reserves	108,652	0
Asset retirement obligations	17,512	19,456
Operating lease liabilities	20,436	21,100
Other deferred credits	24,833	20,168
Total long-term liabilities and deferred credits	1,138,325	1,024,889
Total liabilities and member’s equity	5,459,751	5,129,501
CLECO POWER | Storm recover property
Current assets
Intangible assets	$ 415,946	$ 0

Cleco Power Condensed Consoli_5

Cleco Power Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Customer accounts receivable, allowance for credit losses	$ 1,498	$ 1,302
CLECO POWER
Customer accounts receivable, allowance for credit losses	$ 1,498	$ 1,302

Cleco Power Condensed Consoli_6

Cleco Power Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022		Sep. 30, 2021
Operating activities
Net income	$ 225,479		$ 219,059
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	220,591		195,619
Provision for credit losses	2,143		3,106
Regulatory disallowance	13,841		0
Electric customer credits	6,577		0
Unearned compensation expense	3,688		7,068
Allowance for equity funds used during construction	(2,704)		(2,703)
Deferred income taxes	21,578		36,513
Changes in assets and liabilities
Accounts receivable	(98,826)		(56,922)
Accounts receivable, affiliate	(10,069)		(1,375)
Unbilled revenue	(2,897)		3,368
Fuel inventory and materials and supplies	(61,518)		(3,198)
Prepayments	(10,908)		(8,573)
Accounts payable	8,164		(11,680)
Accounts payable - affiliate	(38,206)		0
Customer deposits	6,139		8,295
Provision for merger commitments	(500)		(1,881)
Postretirement benefit obligations	(746)		6,262
Regulatory assets and liabilities, net	(9,498)		(95,294)
Deferred fuel recoveries	(23,185)		(50,986)
Other deferred accounts	(4,885)		(9,163)
Taxes accrued	45,144		26,864
Interest accrued	29,673		23,961
Other operating	2,856		(9,295)
Net cash provided by operating activities	245,125		139,794
Investing activities
Additions to property, plant, and equipment	(145,514)		(207,257)
Proceeds from sale of property, plant, and equipment	663		1,445
Return of equity investment in investee	0		5,250
Other investing	630		1,469
Net cash used in investing activities	(128,550)		(199,093)
Financing activities
Draws on revolving credit facility	127,000		185,000
Payments on revolving credit facility	(40,000)		(260,000)
Issuances of long-term debt	424,946		325,000
Repayment of long-term debt	(325,000)		0
Payment of financing costs	(6,964)		(4,149)
Distributions to member	(219,588)		0
Other financing	(559)		(505)
Net cash (used in) provided by financing activities	(40,165)		245,346
Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents	76,410		186,047
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period	150,982	[1]	90,265
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period	227,392	[1]	276,312
Supplementary cash flow information
Interest paid, net of amount capitalized	72,772		70,387
Supplementary non-cash investing and financing activities
Accrued additions to property, plant, and equipment	7,098		45,646
Reduction in property, plant, and equipment due to regulatory disallowance	13,841		0
Reduction in property, plant, and equipment due to securitization of capitalized storm costs	197,689		0
CLECO POWER
Operating activities
Net income	134,462		102,407
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	139,356		132,986
Provision for credit losses	2,143		3,106
Regulatory disallowance	13,841		0
Electric customer credits	6,577		0
Unearned compensation expense	570		1,746
Allowance for equity funds used during construction	(2,704)		(2,703)
Deferred income taxes	918		(1,737)
Changes in assets and liabilities
Accounts receivable	(70,688)		(38,558)
Accounts receivable, affiliate	13,488		4,187
Unbilled revenue	(2,897)		3,368
Fuel inventory and materials and supplies	(52,099)		(21,326)
Prepayments	(2,428)		210
Accounts payable	(7,505)		(4,067)
Accounts payable - affiliate	(58,462)		(2,389)
Customer deposits	6,139		8,295
Provision for merger commitments	0		(1,381)
Postretirement benefit obligations	353		4,910
Regulatory assets and liabilities, net	(10,989)		(96,785)
Deferred fuel recoveries	(23,185)		(50,986)
Other deferred accounts	(81)		(6,394)
Taxes accrued	40,394		30,789
Interest accrued	21,464		15,893
Other operating	(1,668)		(6,868)
Net cash provided by operating activities	146,999		74,703
Investing activities
Additions to property, plant, and equipment	(139,726)		(200,237)
Proceeds from sale of property, plant, and equipment	641		1,445
Return of equity investment in investee	0		5,250
Other investing	630		1,469
Net cash used in investing activities	(138,455)		(192,073)
Financing activities
Draws on revolving credit facility	117,000		185,000
Payments on revolving credit facility	(40,000)		(260,000)
Issuances of long-term debt	424,946		325,000
Repayment of long-term debt	(325,000)		0
Payment of financing costs	(6,957)		(2,846)
Distributions to member	(105,500)		0
Other financing	(559)		(505)
Net cash (used in) provided by financing activities	63,930		246,649
Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents	72,474		129,279
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period	87,341	[2]	29,391
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period	159,815	[2]	158,670
Supplementary cash flow information
Interest paid, net of amount capitalized	37,198		35,065
Supplementary non-cash investing and financing activities
Accrued additions to property, plant, and equipment	7,025		45,305
Reduction in property, plant, and equipment due to regulatory disallowance	13,841		0
Reduction in property, plant, and equipment due to securitization of capitalized storm costs	$ 197,689		$ 0
[1] (1) Includes cash and cash equivalents of $148,563, current restricted cash and cash equivalents of $1,674, and non-current restricted cash and cash equivalents of $745. (2) Includes cash and cash equivalents of $103,117, current restricted cash and cash equivalents of $14,902, and non-current restricted cash and cash equivalents of $109,373. (1) Includes cash and cash equivalents of $85,667 and current restricted cash and cash equivalents of $1,674. (2) Includes cash and cash equivalents of $36,290, current restricted cash and cash equivalents of $14,902, and non-current restricted cash and cash equivalents of $108,623.

Cleco Power Condensed Consoli_7

Cleco Power Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Cash and cash equivalents	$ 103,117	$ 148,563
Restricted cash and cash equivalents, current	14,902	1,674
Restricted cash and cash equivalents, noncurrent	109,373	745
CLECO POWER
Cash and cash equivalents	36,290	85,667
Restricted cash and cash equivalents, current	14,902	1,674
Restricted cash and cash equivalents, noncurrent	$ 108,623	$ 0

Cleco Power Condensed Consoli_8

Cleco Power Condensed Consolidated Statements of Changes in Member’s Equity (Unaudited) - USD ($) $ in Thousands	Total	MEMBERSHIP INTEREST	AOCI	CLECO POWER	CLECO POWER MEMBERSHIP INTEREST	CLECO POWER AOCI
Balances, beginning of period at Dec. 31, 2020	$ 2,757,023	$ 2,454,276	$ (25,796)	$ 1,807,879	$ 1,832,632	$ (24,753)
Increase (Decrease) in Equity [Roll Forward]
Net income	219,059			102,407	102,407
Other comprehensive income (loss), net of tax	304		304	1,286		1,286
Balances, end of period at Sep. 30, 2021	2,976,386	2,454,276	(25,492)	1,911,572	1,935,039	(23,467)
Balances, beginning of period at Jun. 30, 2021	2,856,380	2,454,276	(25,588)	1,854,598	1,878,478	(23,880)
Increase (Decrease) in Equity [Roll Forward]
Net income	119,910			56,561	56,561
Other comprehensive income (loss), net of tax	96		96	413		413
Balances, end of period at Sep. 30, 2021	2,976,386	2,454,276	(25,492)	1,911,572	1,935,039	(23,467)
Balances, beginning of period at Dec. 31, 2021	2,954,156	2,454,276	(23,629)	1,948,537	1,966,720	(18,183)
Increase (Decrease) in Equity [Roll Forward]
Distributions to parent				(105,500)	(105,500)
Net income	225,479			134,462	134,462
Other comprehensive income (loss), net of tax	31		31	1,109		1,109
Balances, end of period at Sep. 30, 2022	2,960,078	2,454,276	(23,598)	1,978,608	1,995,682	(17,074)
Balances, beginning of period at Jun. 30, 2022	2,978,446	2,454,276	(23,608)	1,991,005	2,008,449	(17,444)
Increase (Decrease) in Equity [Roll Forward]
Distributions to parent				(53,500)	(53,500)
Net income	68,372			40,733	40,733
Other comprehensive income (loss), net of tax	10		10	370		370
Balances, end of period at Sep. 30, 2022	$ 2,960,078	$ 2,454,276	$ (23,598)	$ 1,978,608	$ 1,995,682	$ (17,074)

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 — Summary of Significant Accounting Policies COVID-19 Impacts In March 2020, WHO declared the outbreak of COVID-19 to be a global pandemic, and the U.S. declared a national emergency. In response to these declarations and the rapid spread of COVID-19, federal, state and local governments imposed varying degrees of restrictions on business and social activities to contain COVID-19. In response to the COVID-19 pandemic, in March 2020 the LPSC issued an executive order prohibiting the disconnection of utilities for nonpayment. On December 4, 2020, Cleco Power made a filing with the LPSC requesting the recovery of expenses incurred as a result of this executive order, as well as the lost revenue associated with the disconnection fees and incremental costs. Cleco Power anticipates approval of the recovery of these expenses in the first quarter of 2023. At September 30, 2022, Cleco Power had a regulatory asset of $3.0 million recorded for expenses incurred related to the executive order, as allowed by the LPSC. Cleco continues to assess the COVID-19 situation and cannot predict the full impact that COVID-19, or any significant related disruptions, will have on its business, cash flows, liquidity, financial condition, and results of operations. Principles of Consolidation The accompanying condensed consolidated financial statements of Cleco include the accounts of Cleco and its majority-owned subsidiaries after elimination of intercompany accounts and transactions. Following the formation of Cleco Securitization I and the closing of the storm securitization financing on June 22, 2022, Cleco Power became the primary beneficiary of Cleco Securitization I, and as a result, the financial statements of Cleco Securitization I are consolidated with the financial statements of Cleco Power. For additional information about Cleco Securitization I, see Note 12 — “Variable Interest Basis of Presentation The condensed consolidated financial statements of Cleco and Cleco Power have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these condensed consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements. The year-end condensed consolidated balance sheet data was derived from audited financial statements. Because the interim condensed consolidated financial statements and the accompanying notes do not include all of the information and notes required by GAAP for annual financial statements, the condensed consolidated financial statements and other information included in this Quarterly Report on Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes in the Registrants’ Combined Annual Report on Form 10-K for the fiscal year ended December 31, 2021. These condensed consolidated financial statements, in the opinion of management, reflect all normal recurring adjustments that are necessary for a fair statement of the financial position and results of operations of Cleco and Cleco Power. Amounts reported in Cleco’s and Cleco Power’s interim financial statements are not necessarily indicative of amounts expected for the annual periods due to the effects of seasonal temperature variations on energy consumption, regulatory rulings, the timing of maintenance on electric generating units, changes in mark-to-market valuations, changing commodity prices, discrete income tax items, and other factors. In preparing financial statements that conform to GAAP, management must make estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses, and the Restricted Cash and Cash Equivalents Various agreements to which Cleco is subject contain covenants that restrict its use of cash. As certain provisions under these agreements are met, cash is transferred out of related escrow accounts and becomes available for its intended purposes and/or general corporate purposes. Cleco’s and Cleco Power’s restricted cash and cash equivalents consisted of the following: Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current Cleco Katrina/Rita storm recovery surcharge $ — $ 1,674 Cleco Power’s storm restoration costs - Hurricane Ida 9,350 — Cleco Securitization I’s operating expenses and storm recovery bond issuance costs and debt service 5,552 — Total current 14,902 1,674 Non-current Diversified Lands’ mitigation escrow 22 22 Cleco Cajun’s defense fund 728 723 Cleco Power’s future storm restoration costs 102,586 — Cleco Power’s storm restoration costs - Hurricane Ida 6,037 — Total non-current 109,373 745 Total restricted cash and cash equivalents $ 124,275 $ 2,419 Cleco Power (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current Cleco Katrina/Rita storm recovery surcharge $ — $ 1,674 Storm restoration costs - Hurricane Ida 9,350 — Cleco Securitization I’s operating expenses and storm recovery bond issuance costs 5,552 — Total current 14,902 1,674 Non-current Future storm restoration costs 102,586 — Storm restoration costs - Hurricane Ida 6,037 — Total non-current 108,623 — Total restricted cash and cash equivalents $ 123,525 $ 1,674 In April 2021, after payments for all final administrative and winding up activities of Cleco Katrina/Rita were made, Cleco Katrina/Rita transferred its remaining restricted cash to Cleco Power to be used to benefit retail customers in a manner to be approved by the LPSC. In September 2022, the remaining $1.6 million was refunded to Cleco Power’s retail customers. On June 22, 2022, the storm securitization financing was completed. In connection with this financing, and as approved by the LPSC, newly funded storm reserves for future storm restoration costs and Hurricane Ida storm restoration costs were established at Cleco Power. The establishment of these reserves resulted in the establishment of corresponding restricted cash and cash equivalents accounts. Additionally, restricted cash and cash equivalents accounts were established for payment of Cleco Securitization I’s estimated operating expenses, storm recovery bond issuance costs, and payment of debt service on those storm recovery bonds. For more information on the storm securitization financing, see Note 17 — “Storm Securitization and Cost Recovery.” Reserves for Credit Losses Customer accounts receivable are recorded at the invoiced amount and do not bear interest. Customer accounts receivable are generally considered to become past due 20 days after the billing date. Cleco recognizes write-offs within the allowance for credit losses once all recovery methods have been exhausted. It is the policy of management to review accounts receivable and unbilled revenue monthly using a reserve matrix based on historical bad debt write-offs, as well as current and forecasted economic conditions, to establish a credit loss estimate. Management’s historical credit loss analysis included periods of economic recessions, natural disasters, and temporary changes to collection policies. Due to the critical necessity of electricity, none of these past events have significantly impacted Cleco’s credit loss rates. As a result of the market price volatility of natural gas experienced throughout 2022, Cleco has experienced significant increases to the pass-through fuel component of retail customer energy bills. Due to these increased customer fuel costs, along with the impacts of a 40-year high inflation rate, Cleco has experienced increases in credit loss reserves. These factors have not been and are not expected to be material to Cleco’s results of operations, financial condition, or cash flows. 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 SEPT. 30, 2022 FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) ACCOUNTS OTHER* TOTAL ACCOUNTS OTHER* TOTAL Beginning of period $ 1,190 $ 1,638 $ 2,828 $ 1,302 $ 1,638 $ 2,940 Current period provision 939 — 939 2,149 — 2,149 Charge-offs (894) — (894) (2,899) — (2,899) Recovery 263 — 263 946 — 946 Balances, Sept. 30, 2022 $ 1,498 $ 1,638 $ 3,136 $ 1,498 $ 1,638 $ 3,136 * Loan held at Diversified Lands that was fully reserved at December 31, 2020. FOR THE THREE MONTHS ENDED SEPT. 30, 2021 FOR THE NINE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) ACCOUNTS OTHER* TOTAL ACCOUNTS OTHER* TOTAL Beginning of period $ 1,334 $ 1,638 $ 2,972 $ 2,758 $ 1,638 $ 4,396 Current period provision 567 — 567 3,057 — 3,057 Charge-offs (730) — (730) (5,172) — (5,172) Recovery 586 — 586 1,114 — 1,114 Balances, Sept. 30, 2021 $ 1,757 $ 1,638 $ 3,395 $ 1,757 $ 1,638 $ 3,395 * Loan held at Diversified Lands that was fully reserved at December 31, 2020. Cleco Power FOR THE THREE MONTHS ENDED SEPT. 30, 2022 FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) ACCOUNTS RECEIVABLE Beginning of period $ 1,190 $ 1,302 Current period provision 939 2,149 Charge-offs (894) (2,899) Recovery 263 946 Balances, Sept. 30, 2022 $ 1,498 $ 1,498 FOR THE THREE MONTHS ENDED SEPT. 30, 2021 FOR THE NINE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) ACCOUNTS RECEIVABLE Beginning of period $ 1,334 $ 2,758 Current period provision 567 3,057 Charge-offs (730) (5,172) Recovery 586 1,114 Balances, Sept. 30, 2021 $ 1,757 $ 1,757

Recent Authoritative Guidance

Recent Authoritative Guidance	9 Months Ended
	Sep. 30, 2022
Accounting Changes and Error Corrections [Abstract]
Recent Authoritative Guidance	Note 2 — Recent Authoritative Guidance In March 2020, FASB issued optional guidance, for a limited period of time, that applies to entities meeting certain criteria for the contract modifications or hedging relationships that are referencing LIBOR or another reference rate expected to be discontinued due to reference rate reform. The guidance includes a general principal that permits an entity to consider contract modifications due to reference rate reform to be an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. The optional guidance may be applied from March 12, 2020, through December 31, 2022. Management has identified contracts with reference rates that will be discontinued, primarily related to long-term debt obligations. Certain debt contracts have been amended to include fallback provisions that provide substitute reference rates in the event LIBOR is discontinued or deemed to no longer be representative, or prior to such events, at the option of Cleco and the administrative agent. Management will continue to modify contracts to include similar fallback language and expects to apply this guidance on an ongoing basis. Management does not expect this guidance to have a significant impact on the Registrants’ results of operations, financial condition, or cash flows.

Leases

Leases	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	Note 3 — Leases Cleco maintains operating and finance leases in its ordinary course of business activities. Cottonwood Sale Leaseback Agreement Upon closing the Cleco Cajun Transaction, the Cottonwood Sale Leaseback was executed. Under the terms of the lease, NRG Energy will operate the Cottonwood Plant, incur all costs, and receive all revenues from the operations of the plant. Cottonwood Energy will receive fixed lease payments of $40.0 million per year and variable lease payments for LTSA costs and property taxes paid by NRG Energy on behalf of Cleco. Cleco may terminate the lease contract under specific circumstances stated in the lease contract. The residual value under the Cottonwood Sale Leaseback is expected to be recovered through sales of power generation from the plant. The residual value of the Cottonwood Plant has been determined using the plant’s estimated economic life. Cleco Cajun is Cleco’s only subsidiary with lessor arrangements. Cleco Cajun’s lease income under the Cottonwood Sale Leaseback is included in Other operations within Cleco’s Condensed Consolidated Statement of Income. Cleco Cajun’s lease income under the Cottonwood Sale Leaseback for the three and nine months ended September 30, 2022, and 2021 was as follows: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Fixed payments $ 10,000 $ 10,000 $ 30,000 $ 30,000 Variable payments 6,244 4,938 17,657 15,413 Amortization of deferred lease liability * 2,301 2,301 6,904 6,904 Total lease income $ 18,545 $ 17,239 $ 54,561 $ 52,317
Leases	Note 3 — Leases Cleco maintains operating and finance leases in its ordinary course of business activities. Cottonwood Sale Leaseback Agreement Upon closing the Cleco Cajun Transaction, the Cottonwood Sale Leaseback was executed. Under the terms of the lease, NRG Energy will operate the Cottonwood Plant, incur all costs, and receive all revenues from the operations of the plant. Cottonwood Energy will receive fixed lease payments of $40.0 million per year and variable lease payments for LTSA costs and property taxes paid by NRG Energy on behalf of Cleco. Cleco may terminate the lease contract under specific circumstances stated in the lease contract. The residual value under the Cottonwood Sale Leaseback is expected to be recovered through sales of power generation from the plant. The residual value of the Cottonwood Plant has been determined using the plant’s estimated economic life. Cleco Cajun is Cleco’s only subsidiary with lessor arrangements. Cleco Cajun’s lease income under the Cottonwood Sale Leaseback is included in Other operations within Cleco’s Condensed Consolidated Statement of Income. Cleco Cajun’s lease income under the Cottonwood Sale Leaseback for the three and nine months ended September 30, 2022, and 2021 was as follows: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Fixed payments $ 10,000 $ 10,000 $ 30,000 $ 30,000 Variable payments 6,244 4,938 17,657 15,413 Amortization of deferred lease liability * 2,301 2,301 6,904 6,904 Total lease income $ 18,545 $ 17,239 $ 54,561 $ 52,317
Leases	Note 3 — Leases Cleco maintains operating and finance leases in its ordinary course of business activities. Cottonwood Sale Leaseback Agreement Upon closing the Cleco Cajun Transaction, the Cottonwood Sale Leaseback was executed. Under the terms of the lease, NRG Energy will operate the Cottonwood Plant, incur all costs, and receive all revenues from the operations of the plant. Cottonwood Energy will receive fixed lease payments of $40.0 million per year and variable lease payments for LTSA costs and property taxes paid by NRG Energy on behalf of Cleco. Cleco may terminate the lease contract under specific circumstances stated in the lease contract. The residual value under the Cottonwood Sale Leaseback is expected to be recovered through sales of power generation from the plant. The residual value of the Cottonwood Plant has been determined using the plant’s estimated economic life. Cleco Cajun is Cleco’s only subsidiary with lessor arrangements. Cleco Cajun’s lease income under the Cottonwood Sale Leaseback is included in Other operations within Cleco’s Condensed Consolidated Statement of Income. Cleco Cajun’s lease income under the Cottonwood Sale Leaseback for the three and nine months ended September 30, 2022, and 2021 was as follows: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Fixed payments $ 10,000 $ 10,000 $ 30,000 $ 30,000 Variable payments 6,244 4,938 17,657 15,413 Amortization of deferred lease liability * 2,301 2,301 6,904 6,904 Total lease income $ 18,545 $ 17,239 $ 54,561 $ 52,317

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Note 4 — Revenue Recognition Revenue from Contracts with Customers On September 1, 2022, Cleco Power began billing and collecting a new storm recovery surcharge from its retail customers. This surcharge represents the recovery of costs incurred by Cleco Power as a result of Hurricanes Laura, Delta, Zeta, and Ida and Winter Storms Uri and Viola, as well as interest and associated expenses. Cleco Power remits the collected storm recovery surcharge to Cleco Securitization I to service Cleco Securitization I’s storm recovery bonds. The storm recovery surcharge will continue to be billed and collected from Cleco Power’s retail customers through the life of the Cleco Securitization I storm recovery bonds. For information about the securitization of storm costs, see “ Note 17 — Storm Securitization and Cost Recovery.” Disaggregated Revenue Operating revenue, net for the three and nine months ended September 30, 2022, and 2021 was as follows: FOR THE THREE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) CLECO POWER CLECO CAJUN OTHER ELIMINATIONS TOTAL Revenue from contracts with customers Retail revenue Residential (1) $ 190,023 $ — $ — $ — $ 190,023 Commercial (1) 113,176 — — — 113,176 Industrial (1) 64,486 — — — 64,486 Other retail (1) 5,213 — — — 5,213 Storm recovery surcharge 5,025 — — — 5,025 Electric customer credits (6,728) — — — (6,728) Total retail revenue 371,195 — — — 371,195 Wholesale, net 97,933 (1) 140,767 (2) (2,420) (3) — 236,280 Transmission, net 18,664 21,009 — (2,560) 37,113 Other 6,094 — — — 6,094 Affiliate (4) 1,657 — 29,583 (31,240) — Total revenue from contracts with customers 495,543 161,776 27,163 (33,800) 650,682 Revenue unrelated to contracts with customers Other 5,296 (5) 18,564 (6) 1 — 23,861 Total revenue unrelated to contracts with customers 5,296 18,564 1 — 23,861 Operating revenue, net $ 500,839 $ 180,340 $ 27,164 $ (33,800) $ 674,543 (1) Includes fuel recovery revenue. (2) Includes $(3.6) million of amortization of intangible assets and liabilities related to Cleco Cajun’s wholesale power supply agreements. (3) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements. (4) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation. (5) Realized gains associated with FTRs. (6) Includes $16.2 million in lease revenue related to the Cottonwood Sale Leaseback and $2.3 million of deferred lease revenue amortization. FOR THE THREE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) CLECO POWER CLECO CAJUN OTHER ELIMINATIONS TOTAL Revenue from contracts with customers Retail revenue Residential (1) $ 148,522 $ — $ — $ — $ 148,522 Commercial (1) 82,711 — — — 82,711 Industrial (1) 45,446 — — — 45,446 Other retail (1) 4,479 — — — 4,479 Electric customer credits (764) — — — (764) Total retail revenue 280,394 — — — 280,394 Wholesale, net 74,831 (1) 107,501 (2) (2,420) (3) — 179,912 Transmission, net 17,235 (4) 17,903 — (2,217) 32,921 Other 5,618 — — — 5,618 Affiliate (5) 1,380 — 32,116 (33,496) — Total revenue from contracts with customers 379,458 125,404 29,696 (35,713) 498,845 Revenue unrelated to contracts with customers Other 1,094 (6) 17,254 (7) 1 — 18,349 Total revenue unrelated to contracts with customers 1,094 17,254 1 — 18,349 Operating revenue, net $ 380,552 $ 142,658 $ 29,697 $ (35,713) $ 517,194 (1) Includes fuel recovery revenue. (2) Includes $(3.6) million of amortization of intangible assets and liabilities related to Cleco Cajun’s wholesale power supply agreements. (3) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements. (4) Includes $0.1 million of electric customer credits. (5) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation. (6) Realized gains associated with FTRs. (7) Includes $14.9 million in lease revenue related to the Cottonwood Sale Leaseback and $2.3 million of deferred lease revenue amortization. FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) CLECO POWER CLECO CAJUN OTHER ELIMINATIONS TOTAL Revenue from contracts with customers Retail revenue Residential (1) $ 434,259 $ — $ — $ — $ 434,259 Commercial (1) 274,046 — — — 274,046 Industrial (1) 160,948 — — — 160,948 Other retail (1) 13,639 — — — 13,639 Storm recovery surcharge 5,025 — — — 5,025 Electric customer credits (6,992) — — — (6,992) Total retail revenue 880,925 — — — 880,925 Wholesale, net 245,231 (1) 370,489 (2) (7,260) (3) — 608,460 Transmission, net 46,244 57,281 — (7,388) 96,137 Other 16,285 — 1 — 16,286 Affiliate (4) 4,744 — 82,728 (87,472) — Total revenue from contracts with customers 1,193,429 427,770 75,469 (94,860) 1,601,808 Revenue unrelated to contracts with customers Other 12,715 (5) 54,616 (6) 4 — 67,335 Total revenue unrelated to contracts with customers 12,715 54,616 4 — 67,335 Operating revenue, net $ 1,206,144 $ 482,386 $ 75,473 $ (94,860) $ 1,669,143 (1) Includes fuel recovery revenue. (2) Includes $(10.8) million of amortization of intangible assets and liabilities related to Cleco Cajun’s wholesale power supply agreements. (3) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements. (4) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation. (5) Realized gains associated with FTRs. (6) Includes $47.7 million in lease revenue related to the Cottonwood Sale Leaseback and $6.9 million of deferred lease revenue amortization. FOR THE NINE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) CLECO POWER CLECO CAJUN OTHER ELIMINATIONS TOTAL Revenue from contracts with customers Retail revenue Residential (1) $ 348,918 $ — $ — $ — $ 348,918 Commercial (1) 214,129 — — — 214,129 Industrial (1) 119,497 — — — 119,497 Other retail (1) 11,925 — — — 11,925 Electric customer credits (40,794) — — — (40,794) Total retail revenue 653,675 — — — 653,675 Wholesale, net 182,769 (1) 300,415 (2) (7,260) (3) — 475,924 Transmission, net 44,530 (4) 46,733 (5) — (5,752) 85,511 Other 13,509 — — (1) 13,508 Affiliate (6) 4,259 — 85,392 (89,651) — Total revenue from contracts with customers 898,742 347,148 78,132 (95,404) 1,228,618 Revenue unrelated to contracts with customers Other 9,953 (7) 52,362 (8) 4 — 62,319 Total revenue unrelated to contracts with customers 9,953 52,362 4 — 62,319 Operating revenue, net $ 908,695 $ 399,510 $ 78,136 $ (95,404) $ 1,290,937 (1) Includes fuel recovery revenue. (2) Includes $(10.0) million of amortization of intangible assets and liabilities related to Cleco Cajun’s wholesale power supply agreements. (3) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements. (4) Includes $0.4 million of electric customer credits. (5) Includes $0.2 million of electric customer credits. (6) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation. (7) Realized gains associated with FTRs. (8) Includes $45.4 million in lease revenue related to the Cottonwood Sale Leaseback and $6.9 million of deferred lease revenue amortization.

Regulatory Assets and Liabiliti

Regulatory Assets and Liabilities	9 Months Ended
	Sep. 30, 2022
Regulated Operations [Abstract]
Regulatory Assets and Liabilities	Note 5 — Regulatory Assets and Liabilities Cleco Power recognizes an asset for certain costs capitalized or deferred for recovery from customers and recognizes a liability for amounts expected to be returned to customers or collected for future expected costs. Cleco Power records these assets and liabilities based on regulatory approval and management’s ongoing assessment that it is probable these items will be recovered or refunded through the ratemaking process. Under the current regulatory environment, Cleco Power believes these regulatory assets will be fully recoverable; however, if in the future, as a result of regulatory changes or competition, Cleco Power’s ability to recover these regulatory assets would no longer be probable, then to the extent that such regulatory assets were determined not to be recoverable, Cleco Power would be required to write-down such assets. In addition, potential deregulation of the industry, or possible future changes in the method of rate regulation of Cleco Power, could require discontinuance of the application of the authoritative guidance on regulated operations. The following table summarizes Cleco Power’s regulatory assets and liabilities: Cleco Power REMAINING RECOVERY PERIOD (YRS.) (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Regulatory assets Acadia Unit 1 acquisition costs $ 1,834 $ 1,913 17.25 Accumulated deferred fuel (1) 81,928 56,826 Various Affordability study 12,060 13,094 8.75 AFUDC equity gross-up 64,251 66,574 Various (2) AMI deferred revenue requirement 1,636 2,045 3.5 AROs (1)(8) 16,653 15,141 Bayou Vista to Segura transmission project deferred revenue requirement 3,765 1,392 0.75 Coughlin transaction costs 823 845 26.75 COVID-19 executive order (8) 2,953 2,953 Deferred storm restoration costs - Hurricane Delta (6) 21 17,113 Deferred storm restoration costs - Hurricane Ida (7) 9,350 37,617 Deferred storm restoration costs - Hurricane Laura (6) 90 54,282 Deferred storm restoration costs - Hurricane Zeta (6) 2 3,296 Deferred storm restoration costs - Winter Storms Uri & Viola — 1,912 Dolet Hills Power Station closure costs (8) 147,021 145,844 Energy efficiency 588 1,645 0.5 Financing costs (1) 6,549 6,826 Various (3) Interest costs 3,272 3,459 Various (2) Lignite Mine closure costs (8) 136,071 136,980 Madison Unit 3 property taxes (9) 13,028 8,362 Non-service cost of postretirement benefits 14,472 12,950 Various (2) Other assets 8,792 11,224 Various Postretirement costs 108,524 117,773 Various (4) Production operations and maintenance expenses 9,017 11,058 Various (5) Rodemacher Unit 2 deferred costs (8) 11,210 6,931 St. Mary Clean Energy Center 8,607 6,089 2.75 Training costs 5,813 5,929 37.25 Tree trimming costs 7,056 9,092 2.5 Total regulatory assets 675,386 759,165 Regulatory liabilities Deferred taxes, net (49,099) (95,544) Various Storm reserves (118,002) — Total regulatory liabilities (167,101) (95,544) Total regulatory assets, net $ 508,285 $ 663,621 (1) Represents regulatory assets for past expenditures that were not earning a return on investment at September 30, 2022, and December 31, 2021, respectively. All other assets are earning a return on investment. (2) Amortized over the estimated lives of the respective assets. (3) Amortized over the terms of the related debt issuances. (4) Amortized over the average service life of the remaining plan participants. (5) Deferral is recovered over the following three (6) From June 1, 2021, through August 31, 2022, these were being recovered through the interim storm recovery rate. For more information, see Note 17 — “Storm Securitization and Cost Recovery.” (7) Currently not in a recovery period. The balance remaining represents amounts under a prudency review by the LPSC. (8) Currently not in a recovery period. (9) Property taxes paid for the year ended December 31, 2021, are being recovered over 12 months beginning July 1, 2022. The following table summarizes Cleco’s net regulatory assets and liabilities: Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Total Cleco Power regulatory assets, net $ 508,285 $ 663,621 2016 Merger adjustments * Fair value of long-term debt 106,599 112,150 Postretirement costs 11,933 13,424 Financing costs 6,990 7,248 Debt issuance costs 4,671 4,920 Total Cleco regulatory assets, net $ 638,478 $ 801,363 * Cleco regulatory assets include acquisition accounting adjustments as a result of the 2016 Merger. Deferred Storm Restoration Costs In 2020 and 2021, Cleco Power’s distribution and transmission systems sustained damage from four separate hurricanes, Hurricanes Laura, Delta, Zeta, and Ida, and two severe winter storms, Winter Storms Uri and Viola. Cleco Power established a separate regulatory asset to track and defer non-capital expenses associated with each corresponding storm, as approved by the LPSC. On June 22, 2022, through Cleco Securitization I, Cleco Power completed a securitized financing of Storm Recovery Property, which included the previously mentioned storm restoration costs that were deferred as regulatory assets. In connection with that securitization financing, Cleco Securitization I used the net proceeds from its issuance of storm recovery bonds to purchase the Storm Recovery Property from Cleco Power. Prior to September 1, 2022, the costs for Hurricanes Laura, Delta, and Zeta were recovered through the interim storm recovery rate. The balances remaining at September 30, 2022, for Hurricanes Laura, Delta, and Zeta are due to the timing of collections of the interim storm rate and are expected to be funded by the storm reserve in the first quarter of 2023. The costs remaining at September 30, 2022, for Hurricane Ida are currently under a prudency review by the LPSC. Cleco Power is unable to determine the outcome or timing of such review. For more information on the storm securitization financing, see Note 17 — “Storm Securitization and Cost Recovery.” Storm Reserves On June 22, 2022, in conjunction with the storm securitization financing and pursuant to the financing order issued by the LPSC on April 1, 2022, newly funded storm reserves for future storm restoration costs and Hurricane Ida storm restoration costs were established. Upon securitization, Cleco Power withdrew $79.6 million from the LPSC approved Hurricane Ida storm reserve. At September 30, 2022, Cleco Power had a balance of $15.4 million related to the Hurricane Ida storm reserve, with the current portion of $9.4 million in Other current liabilities on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets. The current portion represents those deferred storm costs recorded in the related Hurricane Ida regulatory asset that are currently under a prudency review by the LPSC. At September 30, 2022, Cleco Power had a storm reserve balance of $102.6 million for future storm restoration costs. St. Mary Clean Energy Center Cleco Power has a regulatory asset for the revenue requirements related to the planning and construction costs

Fair Value Accounting and Finan

Fair Value Accounting and Financial Instruments	9 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Accounting and Financial Instruments	Note 6 — Fair Value Accounting and Financial Instruments The amounts reflected on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets at September 30, 2022, and December 31, 2021, for cash equivalents, restricted cash equivalents, accounts receivable, other accounts receivable, short-term debt, and accounts payable approximate fair value because of their short-term nature. Cleco applies the provisions of the fair value measurement standard to its non-recurring, non-financial measurements including business combinations, as well as impairment related to goodwill and other long-lived assets. The following tables summarize the carrying value and estimated market value of Cleco’s and Cleco Power’s financial instruments not measured at fair value on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets: Cleco AT SEPT. 30, 2022 AT DEC. 31, 2021 (THOUSANDS) CARRYING FAIR VALUE CARRYING FAIR VALUE Long-term debt $ 3,577,030 $ 3,284,781 $ 3,482,405 $ 3,752,220 * The carrying value of long-term debt does not include deferred issuance costs of $16.9 million at Cleco Power AT SEPT. 30, 2022 AT DEC. 31, 2021 (THOUSANDS) CARRYING FAIR VALUE CARRYING FAIR VALUE Long-term debt $ 1,920,431 $ 1,864,342 $ 1,820,254 $ 2,085,944 * The carrying value of long-term debt does not include deferred issuance costs of $12.6 million at In order to fund capital requirements, Cleco issues fixed and variable rate long-term debt with various tenors. The fair value of this class fluctuates as the market interest rates for fixed and variable rate debt with similar tenors and credit ratings change. The fair value of the debt could also change from period to period due to changes in the credit rating of the Cleco entity by which the debt was issued. The fair value of long-term debt is classified as Level 2 in the fair value hierarchy. Fair Value Measurements and Disclosures Cleco utilizes a mark-to-market approach recognizing changes in the fair value of FTRs and commodity derivatives at Cleco Cajun in earnings and changes in the fair value of FTRs at Cleco Power as a component of deferred fuel assets and liabilities. Therefore, Cleco elects not to apply hedge accounting, as allowed by accounting guidance, to its commodity-related derivatives. Cleco classifies assets and liabilities that are measured at their fair value according to three different levels depending on the inputs used in determining fair value. Cleco utilizes different valuation techniques for fair value measurements under a fair value hierarchy. Assets and liabilities classified as Level 1 under the hierarchy utilize observable inputs that reflect quotable prices in active markets. Assets and liabilities classified as Level 2 are measured through proxy inputs of similar index or composite pricing. Assets and liabilities classified as Level 3 under the hierarchy are valued based on unobservable inputs, such as internally generated valuation models or valuations obtained in inactive markets where there is no readily available information. Cleco has consistently applied the Level 2 and Level 3 fair value techniques from fiscal period to fiscal period. Significant increases or decreases in any of those inputs in isolation would result in a significantly different fair value measurement. The assets and liabilities reported at fair value are grouped into classes based on the underlying nature and risks associated with the individual asset or liability. During the nine months ended September 30, 2022, and the year ended December 31, 2021, Cleco did not experience any transfers into or out of Level 3 of the fair value hierarchy. The following tables disclose for Cleco and Cleco Power the fair value of financial assets and liabilities measured on a recurring basis. These amounts are presented on a gross basis before consideration of amounts netted under master netting agreements and the application of collateral received or paid: Cleco FAIR VALUE MEASUREMENTS AT REPORTING DATE (THOUSANDS) AT SEPT. 30, 2022 QUOTED PRICES SIGNIFICANT SIGNIFICANT AT DEC. 31, 2021 QUOTED PRICES SIGNIFICANT SIGNIFICANT Asset description Money market funds $ 218,259 $ 218,259 $ — $ — $ 145,033 $ 145,033 $ — $ — FTRs 5,977 — — 5,977 6,977 — — 6,977 Natural gas derivatives* 166,226 — 166,226 — 87,464 — 87,464 — Total assets $ 390,462 $ 218,259 $ 166,226 $ 5,977 $ 239,474 $ 145,033 $ 87,464 $ 6,977 Liability description FTRs $ 3,982 $ — $ — $ 3,982 $ 834 $ — $ — $ 834 Natural gas derivatives* 977 — 977 — — — — — Total liabilities $ 4,959 $ — $ 977 $ 3,982 $ 834 $ — $ — $ 834 * Natural gas derivatives include fixed price physical forwards and swap transactions. Cleco Power FAIR VALUE MEASUREMENTS AT REPORTING DATE (THOUSANDS) AT SEPT. 30, 2022 QUOTED PRICES IN ACTIVE MARKETS SIGNIFICANT SIGNIFICANT AT DEC. 31, 2021 QUOTED PRICES SIGNIFICANT SIGNIFICANT Asset description Money market funds $ 151,637 $ 151,637 $ — $ — $ 82,411 $ 82,411 $ — $ — FTRs 5,195 — — 5,195 5,515 — — 5,515 Total assets $ 156,832 $ 151,637 $ — $ 5,195 $ 87,926 $ 82,411 $ — $ 5,515 Liability description FTRs $ 457 $ — $ — $ 457 $ 597 $ — $ — $ 597 Total liabilities* $ 457 $ — $ — $ 457 $ 597 $ — $ — $ 597 * Cleco Power entered into natural gas derivatives during the three months ended September 30, 2022. Natural gas derivatives include swap transactions. Cleco Power had a current liability for natural gas derivatives at September 30, 2022, of less than $0.1 million. The following tables summarize the net changes in the net fair value of FTR assets and liabilities classified as Level 3 in the fair value hierarchy for Cleco and Cleco Power: Cleco FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Beginning balance $ 4,682 $ 7,501 $ 6,143 $ 3,180 Unrealized gains (losses)* 1,821 3,955 (1,920) 18,861 Purchases 168 619 7,234 11,426 Settlements (4,676) (4,326) (9,462) (25,718) Ending balance $ 1,995 $ 7,749 $ 1,995 $ 7,749 * Cleco Power’s unrealized gains (losses) are reported through Accumulated deferred fuel on Cleco’s Condensed Consolidated Balance Sheet. Cleco Cajun’s unrealized gains (losses) are reported through Purchased power on Cleco’s Condensed Consolidated Income Statement. Cleco Power FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Beginning balance $ 10,138 $ 5,990 $ 4,918 $ 3,216 Unrealized (losses) gains* (1,363) 1,196 189 545 Purchases 168 619 7,037 9,236 Settlements (4,205) (3,107) (7,406) (8,299) Ending balance $ 4,738 $ 4,698 $ 4,738 $ 4,698 * Unrealized gains (losses) are reported through Accumulated deferred fuel on Cleco Power’s Condensed Consolidated Balance Sheet. Cleco Power’s and Cleco Cajun’s FTRs are valued using MISO’s monthly auction prices. Forward seasonal periods are not included in every monthly auction; therefore, the average of the most recent seasonal auction prices is used for monthly valuation. FTRs are categorized as Level 3 fair value measurements because the only relevant value available comes from MISO auctions, which occur monthly in the Multi-Period Monthly Auction. The following tables quantify the significant unobservable inputs used in developing the fair value of Level 3 positions for Cleco and Cleco Power as of September 30, 2022, and December 31, 2021: Cleco FAIR VALUE VALUATION TECHNIQUE SIGNIFICANT UNOBSERVABLE INPUTS FORWARD PRICE RANGE (THOUSANDS, EXCEPT FORWARD PRICE RANGE) ASSETS LIABILITIES LOW HIGH FTRs at Sept. 30, 2022 $ 5,977 $ 3,982 RTO auction pricing FTR price - per MWh $ (14.33) $ 18.50 FTRs at Dec. 31, 2021 $ 6,977 $ 834 RTO auction pricing FTR price - per MWh $ (3.94) $ 9.25 Cleco Power FAIR VALUE VALUATION TECHNIQUE SIGNIFICANT UNOBSERVABLE INPUTS FORWARD PRICE RANGE (THOUSANDS, EXCEPT FORWARD PRICE RANGE) ASSETS LIABILITIES LOW HIGH FTRs at Sept. 30, 2022 $ 5,195 $ 457 RTO auction pricing FTR price - per MWh $ (6.64) $ 18.50 FTRs at Dec. 31, 2021 $ 5,515 $ 597 RTO auction pricing FTR price - per MWh $ (4.91) $ 9.25 Concentrations of Credit Risk At September 30, 2022, Cleco and Cleco Power were exposed to concentrations of credit risk through their short-term investments classified as cash equivalents and restricted cash equivalents. The following tables present the money market funds in cash and cash equivalents and restricted cash and cash equivalents as recorded on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets at September 30, 2022, and December 31, 2021: Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Cash and cash equivalents $ 94,713 $ 145,011 Current restricted cash and cash equivalents $ 14,902 $ — Non-current restricted cash and cash equivalents $ 108,644 $ 22 Cleco Power (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Cash and cash equivalents $ 28,113 $ 82,411 Current restricted cash and cash equivalents $ 14,902 $ — Non-current restricted cash and cash equivalents $ 108,622 $ — Money market fund assets are discounted to the current period using a published U.S. Treasury interest rate as a proxy for a risk-free rate of return. If the money market funds failed to perform under the terms of the investments, Cleco and Cleco Power would be exposed to a loss of the invested amounts. Collateral on these types of investments is not required by either Cleco or Cleco Power. The Level 1 money market funds asset consists of a single class. In order to capture interest income and minimize risk, cash is invested in money market funds that invest primarily in short-term securities issued by the U.S. government to maintain liquidity and achieve the goal of a net asset value of a dollar. The risks associated with this class are counterparty risk of the fund manager and risk of price volatility associated with the underlying securities of the fund. When Cleco enters into commodity derivative or physical commodity transactions directly with market participants, Cleco may be exposed to counterparty credit risk. Cleco is exposed to counterparty credit risk when a counterparty fails to meet their financial obligations causing Cleco to incur replacement cost losses. Cleco enters into master agreements with counterparties that govern the risk of credit default and allow for collateralization above prenegotiated thresholds to help mitigate potential losses. Alternatively, Cleco may be required to provide credit support or pay liquidated damages with respect to any open trading contracts that Cleco has entered into or may enter into in the future. The amount of credit support that Cleco may be required to provide at any point in the future is dependent on the amount of the initial contract, changes in the market price, changes in open contracts, changes in the amounts counterparties owe to Cleco, and any prenegotiated unsecured thresholds agreed to in the master contract. Changes in any of these factors could cause the amount of requested credit support to increase or decrease. Commodity Contracts On Cleco’s Condensed Consolidated Balance Sheets, the fair value of amounts associated with Cleco Cajun’s derivative instruments are offset with related cash collateral balances with the same counterparty. The following tables present the fair values of derivative instruments and their respective line items as recorded on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets at September 30, 2022, and December 31, 2021: Cleco DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS AT SEPT. 30, 2022 GROSS AMOUNTS OFFSET GROSS AMOUNTS NOT OFFSET ON THE BALANCE SHEET (1) (THOUSANDS) BALANCE SHEET LINE ITEM GROSS ASSET (LIABILITY) CASH NET ASSET (LIABILITY) ON THE BALANCE SHEET COLLATERAL NET AMOUNT Commodity-related contracts FTRs Current Energy risk management assets $ 5,977 $ — $ 5,977 $ — $ 5,977 Current Energy risk management liabilities (3,982) — (3,982) — (3,982) Natural gas derivatives Current Energy risk management assets 105,206 (30,271) 74,935 (73,669) 1,266 Non-current Energy risk management assets 97,982 (6,129) 91,853 (34,338) 57,515 Current Energy risk management liabilities (1,539) — (1,539) — (1,539) Commodity-related contracts, net $ 203,644 $ (36,400) $ 167,244 $ (108,007) $ 59,237 (1) Represents letters of credit by counterparties. DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS AT DEC. 31, 2021 GROSS AMOUNTS OFFSET ON GROSS AMOUNTS NOT OFFSET ON THE BALANCE SHEET (1) (THOUSANDS) BALANCE SHEET LINE ITEM GROSS ASSET (LIABILITY) CONTRACT NETTING NET ASSET (LIABILITY) ON THE BALANCE SHEET COLLATERAL NET AMOUNT Commodity-related contracts FTRs Current Energy risk management assets $ 6,977 $ — $ 6,977 $ — $ 6,977 Current Energy risk management liabilities (834) — (834) — (834) Natural gas derivatives Current Energy risk management assets 37,061 (559) 36,502 (15,000) 21,502 Non-current Energy risk management assets 50,962 — 50,962 — 50,962 Current Energy risk management liabilities (559) 559 — — — Commodity-related contracts, net $ 93,607 $ — $ 93,607 $ (15,000) $ 78,607 (1) Represents letters of credit by counterparties. Cleco Power DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS (THOUSANDS) BALANCE SHEET LINE ITEM AT SEPT. 30, 2022 AT DEC. 31, 2021 Commodity-related contracts FTRs Current Energy risk management assets $ 5,195 $ 5,515 Current Energy risk management liabilities (457) (597) Commodity-related contracts, net* $ 4,738 $ 4,918 * Cleco Power entered into natural gas derivatives during the three months ended September 30, 2022. Cleco Power had a current liability for natural gas derivatives at September 30, 2022, of less than $0.1 million. At September 30, 2022, cash collateral received from counterparties and held by Cleco was $36.4 million, of which $30.3 million was netted against the current portion of Energy risk management assets on Cleco’s Condensed Consolidated Balance Sheet and $6.1 million was netted against the non-current portion of Energy risk management assets on Cleco’s Condensed Consolidated Balance Sheet. At December 31, 2021, there was no cash collateral posted with or received from counterparties that was netted on Cleco’s Condensed Consolidated Balance Sheet. The following tables present the effect of derivatives not designated as hedging instruments on Cleco’s and Cleco Power’s Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2022, and 2021: Cleco AMOUNT OF GAIN(LOSS) ON DERIVATIVES RECOGNIZED IN INCOME FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) INCOME STATEMENT LINE ITEM 2022 2021 2022 2021 Commodity-related contracts FTRs (1) Electric operations $ 5,297 $ 1,959 $ 12,960 $ 11,167 FTRs (1) Purchased power 2,137 (770) (2) (7,829) (9,742) (2) Natural gas derivatives Fuel used for electric generation 84,377 107,687 250,264 165,584 Total (3) $ 91,811 $ 108,876 $ 255,395 $ 167,009 (1) For the three and nine months ended September 30, 2022, unrealized (losses) gains associated with FTRs for Cleco Power of $(1.4) million and $0.2 million, respectively, were reported through Accumulated deferred fuel on the balance sheet. For the three and nine months ended September 30, 2021, unrealized gains associated with FTRs for Cleco Power of $1.2 million and $0.5 million, respectively, were reported through Accumulated deferred fuel on the balance sheet. (2) Prior year balance has been revised to correct errors that were immaterial, both quantitatively and qualitatively, for the three and nine months ended September 30, 2021. (3) Cleco Power entered into natural gas derivatives during the three months ended September 30, 2022, and unrealized losses associated with natural gas derivatives of less than $0.1 million were reported through Accumulated deferred fuel on the balance sheet. Cleco Power AMOUNT OF GAIN(LOSS) ON DERIVATIVES RECOGNIZED IN INCOME FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) INCOME STATEMENT LINE ITEM 2022 2021 2022 2021 Commodity-related contracts FTRs (1) Electric operations $ 5,297 $ 1,959 $ 12,960 $ 11,167 FTRs (1) Purchased power $ (2,575) $ (822) $ (5,658) $ (9,236) Total (2) $ 2,722 $ 1,137 $ 7,302 $ 1,931 (1) For the three and nine months ended September 30, 2022, unrealized (losses) gains associated with FTRs of $(1.4) million and $0.2 million, respectively, were reported through Accumulated deferred fuel on the balance sheet. For the three and nine months ended September 30, 2021, unrealized gains associated with FTRs of $1.2 million and $0.5 million, respectively, were reported through Accumulated deferred fuel on the balance sheet. (2) Cleco Power entered into natural gas derivatives during the three months ended September 30, 2022, and unrealized losses associated with natural gas derivatives of less than $0.1 million were reported through Accumulated deferred fuel on the balance sheet. The following tables present the volume of commodity-related derivative contracts outstanding at September 30, 2022, and December 31, 2021, for Cleco and Cleco Power: Cleco TOTAL VOLUME OUTSTANDING (THOUSAND) UNIT OF MEASURE AT SEPT. 30, 2022 AT DEC. 31, 2021 Commodity-related contracts FTRs MWh 23,678 14,055 Natural gas derivatives MMBtus 91,710 109,306 Cleco Power TOTAL VOLUME OUTSTANDING (THOUSAND) UNIT OF MEASURE AT SEPT. 30, 2022 AT DEC. 31, 2021 Commodity-related contracts FTRs MWh 14,642 8,899 Natural gas derivatives MMBtus 1,860 —

Debt

Debt	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Debt	Note 7 — Debt At September 30, 2022, Cleco Holdings had $10.0 million of outstanding borrowings under its $175.0 million revolving credit facility at an all-in interest rate of 4.195%. At September 30, 2022, the borrowing costs for amounts drawn under Cleco Holdings’ revolving credit facility were equal to LIBOR plus 1.625% or ABR plus 0.625%, plus commitment fees of 0.275% paid on the unused portion of the facility. In May 2022, Cleco Holdings’ $165.0 million senior notes due in May 2023 became due within one year. This amount is reflected in long-term debt due within one year on Cleco’s Condensed Consolidated Balance Sheet at September 30, 2022. At September 30, 2022, Cleco Power had $77.0 million of outstanding borrowings under its $300.0 million revolving credit facility at a weighted average all-in interest rate of 4.33%. At September 30, 2022, the borrowing costs for amounts drawn under the facility were equal to LIBOR plus 1.25% or ABR plus 0.25%, plus commitment fees of 0.15% paid on the unused portion of the facility. On June 22, 2022, Cleco Securitization I issued $425.0 million aggregate principal amount of its senior secured storm recovery bonds. The storm recovery bonds were issued in two tranches. One tranche of $125.0 million aggregate principal amount was issued with an interest rate of 4.016% and an expected weighted average life of 4.79 years. A second tranche of $300.0 million aggregate principal amount was issued with an interest rate of 4.646% and an expected weighted average life of 15 years. The bonds are governed by an indenture between Cleco Securitization I and the indenture trustee. The indenture contains certain covenants that restrict Cleco Securitization I’s ability to sell, transfer, convey, exchange, or otherwise dispose of its assets. At September 30,

Pension Plan and Employee Benef

Pension Plan and Employee Benefits	9 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Pension Plan and Employee Benefits	Note 8 — Pension Plan and Employee Benefits Pension Plan and Other Benefits Plan Employees hired before August 1, 2007, are covered by a non-contributory, defined benefit pension plan. Based on the funding assumptions at December 31, 2021, management estimates that no contributions will be required until 2026, at which time $5.4 million of required pension contributions are expected. Cleco has not made, and does not expect to make, any contributions to the pension plan in 2022. Cleco Power is the plan sponsor and Support Group is the plan administrator. Benefits under the plan reflect an employee’s years of service, age at retirement, and accrued benefit at retirement. Cleco’s retirees may be eligible to receive Other Benefits. Dependents of Cleco’s retirees may also be eligible to receive Other Benefits with the exception of life insurance benefits. The non-service components of net periodic pension and Other Benefits cost are included in Other income (expense), net within Cleco’s and Cleco Power’s Condensed Consolidated Statements of Income. The components of net periodic pension and Other Benefits cost for the three and nine months ended September 30, 2022, and 2021 were as follows: PENSION BENEFITS OTHER BENEFITS FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE THREE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Components of periodic benefit costs Service cost $ 2,146 $ 2,629 $ 551 $ 629 Interest cost 4,960 4,667 371 317 Expected return on plan assets (6,177) (5,700) — — Amortizations Net loss 3,084 5,184 303 373 Net periodic benefit cost $ 4,013 $ 6,780 $ 1,225 $ 1,319 Special/contractual termination benefits — 3,270 — — Total benefit cost $ 4,013 $ 10,050 $ 1,225 $ 1,319 PENSION BENEFITS OTHER BENEFITS FOR THE NINE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Components of periodic benefit costs Service cost $ 6,439 $ 7,887 $ 1,653 $ 1,819 Interest cost 14,881 14,001 1,113 962 Expected return on plan assets (18,531) (17,101) — — Amortizations Net loss 9,251 15,553 908 1,143 Net periodic benefit cost $ 12,040 $ 20,340 $ 3,674 $ 3,924 Special/contractual termination benefits — 3,270 — — Total benefit cost $ 12,040 $ 23,610 $ 3,674 $ 3,924 Effective September 30, 2021, the pension plan was amended to offer an enhanced pension benefit to certain employees participating in the plan that elected to retire during a certain retirement window. Those certain employees who elected by September 30, 2021, to receive the enhanced pension benefits received a 10% increase in calculated pension benefits. This resulted in a special termination benefit cost for Cleco Power and Support Group of $2.4 million and $0.9 million, respectively, included as an expense of the pension plan. Because Cleco Power is the pension plan sponsor and the related trust holds the assets, the net unfunded status of the pension plan is reflected at Cleco Power. The liability of Cleco’s other subsidiaries is transferred, with a like amount of assets, to Cleco Power monthly. The expense of the pension plan related to Cleco’s other subsidiaries for the three and nine months ended September 30, 2022, was $0.8 million and $2.4 million, respectively. The expense of the pension plan related to Cleco’s other subsidiaries for the three and nine months ended September 30, 2021, was $1.8 million and $3.6 million, respectively. Cleco Holdings is the plan sponsor for the other benefit plans. There are no assets set aside in a trust, and the liabilities are reported on the individual subsidiaries’ financial statements. The expense related to other benefits reflected in Cleco Power’s Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2022, was $1.1 million and $3.3 million, respectively. The expense related to other benefits reflected in Cleco Power’s Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2021, was $1.2 million and $3.6 million, respectively. The current and non-current portions of the Other Benefits liability for Cleco and Cleco Power at September 30, 2022, and December 31, 2021, were as follows: Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current $ 5,181 $ 5,181 Non-current $ 48,829 $ 50,093 Cleco Power (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current $ 4,432 $ 4,432 Non-current $ 38,344 $ 39,315 SERP Certain Cleco officers are covered by SERP. Cleco does not fund the SERP liability, but instead pays for current benefits out of cash available of the respective company of the employed officer. Because the SERP is a non-qualified plan, Cleco has purchased life insurance policies on certain SERP participants as a mechanism to provide a source of funding. These policies are held in a rabbi trust formed by Cleco Power. The rabbi trust is the named beneficiary of the life insurance policies and, therefore, receives the proceeds upon the death of the insured participants. The life insurance policies may be used to reimburse Cleco for benefits paid from general funds, pay the SERP participants’ death benefits, or pay future SERP payments. Market conditions could have a significant impact on the cash surrender value of these life insurance policies. Because SERP is a non-qualified plan, the assets of the trust could be used to satisfy general creditors of Cleco Power in the event of insolvency. Cleco Power is the plan sponsor and Support Group is the plan administrator. The non-service components of net periodic benefit cost related to SERP are included in Other income (expense), net within Cleco’s and Cleco Power’s Condensed Consolidated Statements of Income. The components of the net periodic benefit cost related to SERP for the three and nine months ended September 30, 2022, and 2021 were as follows: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Components of periodic benefit costs Service cost $ 57 $ 59 $ 170 $ 174 Interest cost 670 634 2,009 1,903 Amortizations Prior period service credit (54) (54) (161) (161) Net loss 262 307 787 921 Net periodic benefit cost $ 935 $ 946 $ 2,805 $ 2,837 The expense related to SERP reflected on Cleco Power’s Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2022, was $0.1 million and $0.4 million, respectively. The expense related to SERP reflected on Cleco Power’s Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2021, was $0.1 million and $0.4 million, respectively. Liabilities relating to SERP are reported on the individual subsidiaries’ financial statements. The current and non-current portions of the SERP liability for Cleco and Cleco Power at September 30, 2022, and December 31, 2021, were as follows: Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current $ 4,654 $ 4,654 Non-current $ 86,210 $ 88,523 Cleco Power (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current $ 679 $ 679 Non-current $ 12,546 $ 12,909 401(k) Plan Cleco’s 401(k) Plan is intended to provide active, eligible employees with voluntary, long-term savings and investment opportunities. The 401(k) Plan is a defined contribution plan and is subject to the applicable provisions of the Employee Retirement Income Security Act of 1974. In accordance with the 401(k) Plan, employer contributions are made in the form of cash. Cash contributions are invested in proportion to the participant’s voluntary contribution investment choices. Participation in the Plan is voluntary, and active Cleco employees are eligible to participate. Cleco’s 401(k) Plan expense for the three and nine months ended September 30, 2022, and 2021 was as follows: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS (THOUSANDS) 2022 2021 2022 2021 401(k) Plan expense $ 2,180 $ 2,512 $ 6,602 $ 7,391 Cleco Power is the plan sponsor for the 401(k) Plan. The expense of the 401(k) Plan related to Cleco’s other subsidiaries for the three and nine months ended September 30, 2022, and 2021 was as follows: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS (THOUSANDS) 2022 2021 2022 2021 401(k) Plan expense $ 985 $ 1,185 $ 3,154 $ 3,511 Effective September 30, 2021, the 401(k) plan was amended to offer an enhanced 401(k) benefit to certain employees participating in the plan that elected to retire during a certain retirement window. Those certain employees who elected by September 30, 2021, to receive the enhanced 401(k) benefits received a one-time contribution up to 30% of the employee’s 2021 base salary in accordance with IRS contribution limits. This resulted in a one-time benefit cost of $0.2 million included as an expense of the 401(k) plan.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 9 — Income Taxes Effective Tax Rates The following tables summarize the effective income tax rates for Cleco and Cleco Power for the three and nine months ended September 30, 2022, and 2021 : Cleco FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS 2022 2021 2022 2021 Effective tax rate 7.6 % 20.3 % 11.6 % 12.4 % Cleco Power FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS 2022 2021 2022 2021 Effective tax rate 4.4 % 1.0 % 4.1 % (0.2) % For Cleco, the effective income tax rates for the three and nine months ended September 30, 2022, were different than the federal statutory rate primarily due to an adjustment to record tax expense at the projected annual effective tax rate largely caused by mark-to-market gains on Cleco Cajun’s gas-related derivatives, the amortization of excess ADIT, the flow through of state tax benefits, adjustments for tax returns as filed, permanent deductions, and state tax expense. For Cleco Power, the effective income tax rates for the three and nine months ended September 30, 2022, were different than the federal statutory rate primarily due to the adjustment to record tax expense at the projected annual effective tax rate, the amortization of excess ADIT, the flow through of state tax benefits, adjustments for tax returns as filed, and state tax expense. For Cleco and Cleco Power, the effective income tax rates for the three and nine months ended September 30, 2021, were different than the federal statutory rate primarily due to the flow through of tax benefits, including AFUDC; the amortization of excess ADIT; adjustment to record tax expense at the projected annual effective tax rate; adjustments for tax returns as filed; and state tax expense. Uncertain Tax Positions Cleco classifies all interest related to uncertain tax positions as a component of interest payable and interest expense. For the three and nine months ended September 30, 2022, and 2021, Cleco and Cleco Power had no interest expense related to uncertain tax positions. At September 30, 2022, and December 31, 2021, Cleco and Cleco Power had no liability for uncertain tax positions or interest payable related to uncertain tax positions. Income Tax Audits Cleco participates in the IRS’s Compliance Assurance Process in which tax positions are examined and agreed upon prior to filing the federal tax return. While the statute of limitations remains open for tax years 2019, 2020, and 2021, the IRS has completed its review of tax year 2019, and this tax return was filed consistent with the IRS’s review. The IRS has placed Cleco in the Bridge phase of the Compliance Assurance Process for the 2020 and 2021 tax years. In this phase, the IRS will not accept any disclosures, conduct any reviews, or provide any assurances. The IRS has accepted Cleco’s application for the Compliance Assurance Process for the 2022 tax year. The state income tax years 2019, 2020, and 2021 remain subject to examination by the Louisiana Department of Revenue. Cleco classifies income tax penalties as a component of other expense. For the three and nine months ended September 30, 2022, and 2021, no penalties were recognized. CARES Act In March 2020, the CARES Act was signed into law. The CARES Act includes tax relief provisions such as an alternative minimum tax credit refund, a five-year net operating loss carryback from years 2018 through 2020, and deferred payments of employer payroll taxes. At September 30, 2022, Cleco and Cleco Power had $3.0 million and $1.8 million, respectively, deferred in employer payroll tax payments for the period March 27, 2020, through December 31, 2020, which will be paid by December 31, 2022.

Disclosures about Segments

Disclosures about Segments	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Disclosures about Segments	Note 10 — Disclosures about Segments Cleco’s reportable segments are based on its method of internal reporting, which disaggregates business units by its first-tier subsidiary. Cleco’s reportable segments are Cleco Power and Cleco Cajun. Each reportable segment engages in business activities from which it earns revenue and incurs expenses. Segment managers report periodically to Cleco’s CEO, who is Cleco’s chief operating decision maker, with discrete financial information and, at least quarterly, present discrete financial information to Cleco Holdings’ and, in the case of Cleco Power, Cleco Power’s Boards of Managers. The reportable segment prepares budgets that are presented to and approved by Cleco Holdings’ and, in the case of Cleco Power, Cleco Power’s Boards of Managers. The column shown as Other in the following tables includes the holding company, a shared services subsidiary, and an investment subsidiary. There were no changes to Cleco’s existing reportable segments. The financial results in the following tables are presented on an accrual basis. EBITDA is a key non-GAAP financial measure used by the CEO to assess the operating performance of Cleco’s segments. Management evaluates the performance of Cleco’s segments and allocates resources to them based on segment profit and the requirements to implement strategic initiatives and projects to meet current business objectives. EBITDA is defined as net income adjusted for interest, income taxes, depreciation, and amortization. Depreciation and amortization in the following tables includes amortization of intangible assets and liabilities recorded for the fair value adjustment of wholesale power supply agreements as a result of the 2016 Merger and the Cleco Cajun Transaction, as well as amortization of deferred lease revenue resulting from the Cleco Cajun Transaction. Material intercompany transactions occur on a regular basis. These intercompany transactions relate primarily to joint and common administrative support services as well as transmission services provided by Cleco Power to Cleco Cajun. Segment Information for the Three Months Ended Sept. 30, 2022 (THOUSANDS) CLECO POWER CLECO CAJUN TOTAL SEGMENTS Revenue Electric operations $ 481,153 $ 140,767 $ 621,920 Other operations 24,757 39,573 64,330 Affiliate revenue 1,657 — 1,657 Electric customer credits (6,728) — (6,728) Operating revenue, net $ 500,839 $ 180,340 $ 681,179 Net income $ 40,733 $ 39,741 $ 80,474 Add: Depreciation and amortization 44,368 13,336 (1) 57,704 Less: Interest income 1,726 472 2,198 Add: Interest charges 23,840 219 24,059 Add: Federal and state income tax expense 1,862 14,461 16,323 EBITDA $ 109,077 $ 67,285 $ 176,362 (1) Includes $3.6 million of amortization of intangible assets and liabilities related to wholesale power supply agreements and $(2.3) million of deferred lease revenue amortization as a result of the Cleco Cajun Transaction. 2022 (THOUSANDS) TOTAL SEGMENTS OTHER ELIMINATIONS TOTAL Revenue Electric operations $ 621,920 $ (2,420) $ — $ 619,500 Other operations 64,330 1 (2,560) 61,771 Affiliate revenue 1,657 29,583 (31,240) — Electric customer credits (6,728) — — (6,728) Operating revenue, net $ 681,179 $ 27,164 $ (33,800) $ 674,543 Depreciation and amortization $ 57,704 $ 4,375 (1) $ — $ 62,079 Interest income $ 2,198 $ 58 $ (18) $ 2,238 Interest charges $ 24,059 $ 15,850 $ (19) $ 39,890 Federal and state income tax expense (benefit) $ 16,323 $ (10,712) $ — $ 5,611 Net income (loss) $ 80,474 $ (12,103) $ 1 $ 68,372 (1) Includes $2.4 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger. 2021 (THOUSANDS) CLECO POWER CLECO CAJUN TOTAL SEGMENTS Revenue Electric operations $ 357,084 $ 107,500 $ 464,584 Other operations 22,779 35,158 57,937 Affiliate revenue 1,380 — 1,380 Electric customer credits (691) — (691) Operating revenue, net $ 380,552 $ 142,658 $ 523,210 Net income $ 56,561 $ 86,744 $ 143,305 Add: Depreciation and amortization 43,526 12,623 (1) 56,149 Less: Interest income 936 4 940 Add: Interest charges 18,509 1,117 19,626 Add: Federal and state income tax expense 548 29,888 30,436 EBITDA $ 118,208 $ 130,368 $ 248,576 (1) Includes $3.6 million of amortization of intangible assets and liabilities related to wholesale power supply agreements and $(2.3) million of deferred lease revenue amortization as a result of the Cleco Cajun Transaction. 2021 (THOUSANDS) TOTAL SEGMENTS OTHER ELIMINATIONS TOTAL Revenue Electric operations $ 464,584 $ (2,420) $ — $ 462,164 Other operations 57,937 1 (2,217) 55,721 Affiliate revenue 1,380 32,116 (33,496) — Electric customer credits (691) — — (691) Operating revenue, net $ 523,210 $ 29,697 $ (35,713) $ 517,194 Depreciation and amortization $ 56,149 $ 8,189 (1) $ — $ 64,338 Interest income $ 940 $ 43 $ (42) $ 941 Interest charges $ 19,626 $ 15,044 $ (41) $ 34,629 Federal and state income tax expense (benefit) $ 30,436 $ 133 $ — $ 30,569 Net income (loss) $ 143,305 $ (23,396) $ 1 $ 119,910 (1) Includes $2.4 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger. Segment Information for the Nine Months Ended Sept. 30, 2022 (THOUSANDS) CLECO POWER CLECO CAJUN TOTAL SEGMENTS Revenue Electric operations $ 1,145,864 $ 370,489 $ 1,516,353 Other operations 62,528 111,897 174,425 Affiliate revenue 4,744 — 4,744 Electric customer credits (6,992) — (6,992) Operating revenue, net $ 1,206,144 $ 482,386 $ 1,688,530 Net income $ 134,462 $ 132,190 $ 266,652 Add: Depreciation and amortization 133,907 59,734 (2) 193,641 Less: Interest income 3,501 661 4,162 Add: Interest charges 63,947 253 64,200 Add: Federal and state income tax expense 5,800 47,136 52,936 EBITDA $ 334,615 $ 238,652 $ 573,267 Additions to property, plant, and equipment $ 139,726 $ 4,844 $ 144,570 Equity investment in investees (1) $ 2,072 $ — $ 2,072 Goodwill (1) $ 1,490,797 $ — $ 1,490,797 Total segment assets (1) $ 6,950,548 $ 1,110,338 $ 8,060,886 (1) Balances as of September 30, 2022. (2) Includes $10.8 million of amortization of intangible assets and liabilities related to wholesale power supply agreements and $(6.9) million of deferred lease revenue amortization as a result of the Cleco Cajun Transaction. 2022 (THOUSANDS) TOTAL SEGMENTS OTHER ELIMINATIONS TOTAL Revenue Electric operations $ 1,516,353 $ (7,260) $ — $ 1,509,093 Other operations 174,425 5 (7,388) 167,042 Affiliate revenue 4,744 82,728 (87,472) — Electric customer credits (6,992) — — (6,992) Operating revenue, net $ 1,688,530 $ 75,473 $ (94,860) $ 1,669,143 Depreciation and amortization $ 193,641 $ 13,127 (2) $ (1) $ 206,767 Interest income $ 4,162 $ 141 $ (67) $ 4,236 Interest charges $ 64,200 $ 45,684 $ (66) $ 109,818 Federal and state income tax expense (benefit) $ 52,936 $ (23,384) $ (1) $ 29,551 Net income (loss) $ 266,652 $ (41,173) $ — $ 225,479 Additions to property, plant, and equipment $ 144,570 $ 944 $ — $ 145,514 Equity investment in investees (1) $ 2,072 $ (305,348) $ 305,348 $ 2,072 Goodwill (1) $ 1,490,797 $ — $ — $ 1,490,797 Total segment assets (1) $ 8,060,886 $ 248,847 $ 174,788 $ 8,484,521 (1) Balances as of September 30, 2022. (2) Includes $7.3 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger. 2021 (THOUSANDS) CLECO POWER CLECO CAJUN TOTAL SEGMENTS Revenue Electric operations $ 887,191 $ 300,415 $ 1,187,606 Other operations 57,674 98,851 156,525 Affiliate revenue 4,259 — 4,259 Electric customer credits (40,429) 244 (40,185) Operating revenue, net $ 908,695 $ 399,510 $ 1,308,205 Net income $ 102,407 $ 153,719 $ 256,126 Add: Depreciation and amortization 126,534 36,614 (2) 163,148 Less: Interest income 2,404 10 2,414 Add: Interest charges 55,392 786 56,178 Add: Federal and state income tax (benefit) expense (219) 52,561 52,342 EBITDA $ 281,710 $ 243,670 $ 525,380 Additions to property, plant, and equipment $ 200,237 $ 5,904 $ 206,141 Equity investment in investees (1) $ 2,072 $ — $ 2,072 Goodwill (1) $ 1,490,797 $ — $ 1,490,797 Total segment assets (1) $ 6,620,298 $ 1,104,090 $ 7,724,388 (1) Balances as of December 31, 2021. (2) Includes $10.0 million of amortization of intangible assets and liabilities related to wholesale power supply agreements and $(6.9) million deferred lease revenue amortization as a result of the Cleco Cajun Transaction. 2021 ( THOUSANDS) TOTAL SEGMENTS OTHER ELIMINATIONS TOTAL Revenue Electric operations $ 1,187,606 $ (7,260) $ (1) $ 1,180,345 Other operations 156,525 4 (5,752) 150,777 Affiliate revenue 4,259 85,392 (89,651) — Electric customer credits (40,185) — — (40,185) Operating revenue, net $ 1,308,205 $ 78,136 $ (95,404) $ 1,290,937 Depreciation and amortization $ 163,148 $ 17,052 (2) $ (1) $ 180,199 Interest income $ 2,414 $ 100 $ (98) $ 2,416 Interest charges $ 56,178 $ 45,732 $ (98) $ 101,812 Federal and state income tax expense (benefit) $ 52,342 $ (21,357) $ — $ 30,985 Net income (loss) $ 256,126 $ (37,068) $ 1 $ 219,059 Additions to property, plant, and equipment $ 206,141 $ 1,116 $ — $ 207,257 Equity investment in investees (1) $ 2,072 $ (46,901) $ 46,901 $ 2,072 Goodwill (1) $ 1,490,797 $ — $ — $ 1,490,797 Total segment assets (1) $ 7,724,388 $ 619,101 $ (218,471) $ 8,125,018 (1) Balances as of December 31, 2021. (2) Includes $7.3 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger. FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Net income $ 68,372 $ 119,910 $ 225,479 $ 219,059 Add: Depreciation and amortization 62,079 64,338 206,767 180,199 Less: Interest income 2,238 941 4,236 2,416 Add: Interest charges 39,890 34,629 109,818 101,812 Add: Federal and state income tax expense 5,611 30,569 29,551 30,985 Add: Other corporate costs and noncash items (1) 2,648 71 5,888 (4,259) Total segment EBITDA $ 176,362 $ 248,576 $ 573,267 $ 525,380 (1) Adjustments made for Other and Elimination totals not allocated to total segment EBITDA.

Regulation and Rates

Regulation and Rates	9 Months Ended
	Sep. 30, 2022
Regulated Operations [Abstract]
Regulation and Rates	Note 11 — Regulation and Rates Regulatory Refunds Provision for rate refund on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets consisted primarily of the following: (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Cleco Katrina/Rita storm recovery charges $ — $ 1,611 FRP $ 95 $ 1,229 Site-specific industrial customer $ 752 $ 833 St. Mary Clean Energy Center $ 10,400 $ — TCJA $ 2,057 $ 2,057 Cleco Katrina/Rita Storm Recovery Charges Prior to the repayment of the Cleco Katrina/Rita storm recovery bonds in March 2020, Cleco Katrina/Rita had the right to bill and collect storm restoration costs from Cleco Power’s customers to pay administrative fees, interest, and principal on the Cleco Katrina/Rita storm recovery bonds. In April 2021, after payments for all final administrative and winding up activities of Cleco Katrina/Rita were made, Cleco Katrina/Rita transferred its remaining restricted cash to Cleco Power. In September 2022, $1.6 million was refunded to retail customers in the form of bill credits as approved by the LPSC on July 27, 2022. FRP Prior to July 1, 2021, Cleco Power’s annual retail earnings were subject to an FRP established by the LPSC in June 2014. The 2014 FRP allowed Cleco Power to earn a target ROE of 10.0%, while providing the opportunity to earn up to 10.9%. Additionally, 60.0% of retail earnings between 10.9% and 11.75%, and all retail earnings over 11.75%, were required to be refunded to customers. On June 16, 2021, the LPSC approved Cleco Power’s new FRP. Effective July 1, 2021, under the terms of the new FRP, Cleco Power is allowed to earn a target ROE of 9.5%, while providing the opportunity to earn up to 10.0%. Additionally, 60.0% of retail earnings between 10.0% and 10.5%, and all retail earnings over 10.5%, are required to be refunded to customers. The amount of credits due to customers, if any, is determined by Cleco Power and the LPSC annually. A monitoring report was filed on October 31, 2022, for the 12 months ending June 30, 2022, indicating no refund was due. Cleco Power’s next base rate case is expected to be filed with the LPSC on or before March 31, 2023. Cleco Power continued to accrue the annual cost of service savings resulting from the 2016 Merger Commitments through June 30, 2021. Beginning July 1, 2021, the annual cost of service savings are included in Cleco Power’s retail rate plan. Cleco Power had $1.2 million accrued for the period July 1, 2020, through June 30, 2021, which was refunded to customers in September 2022. St. Mary Clean Energy Center In August 2019, the St. Mary Clean Energy Center was placed in service. The planning and construction costs for this facility are currently being recovered through Cleco Power’s base rates and were subject to a prudency review by the LPSC. On September 21, 2022, the LPSC approved a settlement disallowing recovery of $15.0 million of those costs, which resulted in a $13.8 million impairment charge and a reduction of the associated property, plant, and equipment net book value. The approved settlement also included refunding $10.4 million to Cleco Power’s retail customers, which was given back to customers as bill credits in October 2022. At September 30, 2022, the total $10.4 million refund liability consisted of $6.6 million for costs recovered in periods prior to September 30, 2022, and $3.8 million for costs to be recovered from October 1, 2022, until Cleco Power’s base rates reset in its next rate case, which is expected to be on July 1, 2024. For more information about the settlement and disallowance, see Note 13 — “Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees — LPSC Audits and Reviews — Prudency Reviews — St. Mary Clean Energy Center.” TCJA The provisions of the TCJA reduced the top federal statutory corporate income tax rate from 35% to 21%. As a result of the tax rate reduction, on January 1, 2018, Cleco Power began accruing an estimated reserve for the reduction in the federal statutory corporate income tax rate. In February 2018, the LPSC directed utilities, including Cleco Power, to provide considerations of the appropriate manner to flow through to ratepayers the benefits of the reduction in corporate income taxes as a result of the TCJA. In July 2019, the LPSC approved Cleco Power’s rate refund of $79.2 million, plus interest, for the reduction in the statutory federal tax rate for the period from January 2018 to June 2020. The refund was credited to customers over 12 months beginning August 1, 2019. In July 2019, the LPSC approved Cleco Power’s motion to address the rate redesign and the regulatory liability for excess ADIT, resulting from the enactment of the TCJA, in Cleco Power’s base rate case. In 2020 and as a result of the delay in the rate case, the LPSC approved Cleco Power’s extension of the TCJA bill credits at the same rate as determined in the initial TCJA refund of approximately $7.0 million per month. The extension was for the period of August 2020 through June 30, 2021. The $7.0 million monthly refund consisted of approximately $4.4 million, which was to be funded by the unprotected excess ADIT, and approximately $2.6 million, which is the change in the federal statutory corporate income tax rate from 35% to 21%. At September 30, 2022, Cleco Power had $2.1 million accrued for the remaining balance of federal tax-related benefits from the TCJA. On June 16, 2021, the LPSC approved Cleco Power’s retail rate plan which includes the settlement of the TCJA protected and unprotected excess ADIT. Effective July 1, 2021, all retail customers continued receiving bill credits resulting from the TCJA. The target retail portion of the unprotected excess ADIT is approximately $2.5 million monthly and will be credited over a period of three years concluding on June 30, 2024. The retail portion of the protected excess ADIT will be credited until the full amount of the protected excess ADIT has been returned to Cleco Power’s customers through bill credits. At September 30, 2022, Cleco Power had $267.7 million accrued for the excess ADIT, of which $44.1 million is reflected in current regulatory liabilities. System Support Resource (SSR) In April 2017, MISO designated Teche Unit 3 as an SSR unit until such time that an appropriate alternative solution could be implemented to mitigate system reliability issues. While operating as an SSR unit, Cleco Power received monthly payments that included recovery of expenses, including capital expenditures, related to the operations of Teche Unit 3. Additionally, MISO allocated SSR costs to the load serving entities that required the operation of the SSR unit, including Cleco Power. These payments and cost allocations were finalized as part of a MISO SSR settlement approved in December 2018. Cleco Power operated Teche Unit 3 as an SSR unit from April 2017 until April 2019. On September 7, 2021, Cleco Power filed an attachment Y with MISO requesting retirement of Teche Unit 3, barring any violations of specific applicable reliability standards. In December 2021, Cleco Power filed notice with the LPSC and MISO to suspend the retirement of Teche Unit 3. On March 15, 2022, Cleco Power refunded to MISO $4.3 million for capital expenditures paid for by third parties while operating under the SSR agreement.

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	Note 12 — Variable Interest Entities Cleco Securitization I Cleco Securitization I is a special-purpose, wholly owned subsidiary of Cleco Power that was formed for the purpose of issuing storm recovery bonds to finance the securitization of Storm Recovery Property at Cleco Power. On June 22, 2022, the securitized financing was complete. Cleco Securitization I’s assets cannot be used to settle Cleco Power’s obligations and the holders of the storm recovery bonds have no recourse against Cleco Power. For more information about the securitization financing, see Note 17 – “Storm Securitization and Cost Recovery.” Because Cleco Securitization I’s equity at risk is less than 1% of its total assets, it is considered to be a variable interest entity. Through its equity ownership interest and role as servicer, Cleco Power has the power to direct the most significant financial and operating activities of Cleco Securitization I, including billing, collections, and remittance of retail customer cash receipts to enable Cleco Securitization I to service the principal and interest payments due under the storm recovery bonds. Cleco Power also has the obligation to absorb losses up to its equity investment and rights to receive returns from Cleco Securitization I. Therefore, management has determined that Cleco Power is the primary beneficiary of Cleco Securitization I, and as a result, Cleco Securitization I is included in the consolidated financial statements of Cleco Power. No gain or loss was recognized upon initial consolidation. The following table summarizes the impact of Cleco Securitization I on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets: (THOUSANDS) AT SEPT. 30, 2022 Restricted cash - current $ 5,552 Accounts Receivable - affiliate $ 3,724 Intangible asset - securitization $ 415,946 Long-term debt due within one year $ 9,574 Accounts Payable - affiliate $ 85 Interest accrued $ 5,213 Long-term debt, net $ 408,622 Member’s equity $ 1,728 The following table summarizes the impact of Cleco Securitization I on Cleco’s and Cleco Power’s Condensed Consolidated Statements of Income: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Operating revenue $ 5,025 $ — $ 5,025 $ — Operating expenses 90 — 90 — Interest income 10 — 10 — Interest charges, net 4,861 — 5,342 — Income before taxes $ 84 $ — $ (397) $ — Oxbow Cleco and Cleco Power apply the equity method of accounting to report the investment in Oxbow in the consolidated financial statements. Under the equity method, the assets and liabilities of this entity are reported as Equity investment in investee on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets. The revenue and expenses (excluding income taxes) of this entity are netted and reported as equity income or loss from investees on Cleco’s and Cleco Power’s Condensed Consolidated Statements of Income. Oxbow is owned 50% by Cleco Power and 50% by SWEPCO. Cleco Power is not the primary beneficiary because it shares the power to control Oxbow’s significant activities with SWEPCO. Cleco Power’s current assessment of its maximum exposure to loss related to Oxbow at September 30, 2022, consisted of its equity investment of $2.1 million . The following table presents the components of Cleco Power’s equity investment in Oxbow: INCEPTION TO DATE (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Purchase price $ 12,873 $ 12,873 Cash contributions 6,399 6,399 Distributions (17,200) (17,200) Total equity investment in investee $ 2,072 $ 2,072 The following table compares the carrying amount of Oxbow’s assets and liabilities with Cleco Power’s maximum exposure to loss related to its investment in Oxbow: (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Oxbow’s net assets/liabilities $ 4,145 $ 4,145 Cleco Power’s 50% equity $ 2,072 $ 2,072 Cleco Power’s maximum exposure to loss $ 2,072 $ 2,072 The following table contains summarized financial information for Oxbow: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Operating revenue $ 65 $ 1,486 $ 215 $ 5,113 Operating expenses 65 1,486 215 5,113 Income before taxes $ — $ — $ — $ — Prior to June 30, 2020, DHLC mined lignite reserves at Oxbow through the Amended Lignite Mining Agreement. The lignite reserves were intended to be used to provide fuel to the Dolet Hills Power Station. Under the Amended Lignite Mining Agreement, DHLC billed Cleco Power its proportionate share of incurred lignite extraction and associated mining-related costs. Oxbow billed Cleco Power its proportionate share of incurred costs related to mineral rights and land leases. On October 6, 2020, Cleco Power and SWEPCO made a joint filing with the LPSC seeking authorization to close the Oxbow mine. At December 31, 2021, the Dolet Hills Power Station was retired, and all of Cleco Power’s proportionate share of lignite-related costs had been billed by DHLC and Oxbow. For more information on DHLC and the Oxbow mine, see Note 13 — “Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees — Risks and Uncertainties.” Oxbow has no third-party agreements, guarantees, or other third-party commitments that contain obligations affecting Cleco Power’s investment in Oxbow.

Litigation, Other Commitments a

Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees	Note 13 — Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees Litigation 2016 Merger In connection with the 2016 Merger, four actions were filed in the Ninth Judicial District Court for Rapides Parish, Louisiana and three actions were filed in the Civil District Court for Orleans Parish, Louisiana. The petitions in each action generally alleged, among other things, that the members of Cleco Corporation’s Board of Directors breached their fiduciary duties by, among other things, conducting an allegedly inadequate sale process, agreeing to the 2016 Merger at a price that allegedly undervalued Cleco, and failing to disclose material information about the 2016 Merger. The petitions also alleged that Como 1, Cleco Corporation, Merger Sub, and, in some cases, certain of the investors in Como 1 either aided and abetted or entered into a civil conspiracy to advance those supposed breaches of duty. The petitions sought various remedies, including monetary damages, which includes attorneys’ fees and expenses. The four actions filed in the Ninth Judicial District Court for Rapides Parish are captioned as follows: • Braunstein v. Cleco Corporation , No. 251,383B (filed October 27, 2014), • Moore v. Macquarie Infrastructure and Real Assets , No. 251,417C (filed October 30, 2014), • Trahan v. Williamson , No. 251,456C (filed November 5, 2014), and • L’Herisson v. Macquarie Infrastructure and Real Assets , No. 251,515F (filed November 14, 2014). In November 2014, the plaintiff in the Braunstein action moved for a dismissal of the action without prejudice, and that motion was granted in November 2014. In December 2014, the court consolidated the remaining three actions and appointed interim co-lead counsel, and dismissed the investors in Cleco Partners as defendants, per agreement of the parties. Also, in December 2014, the plaintiffs in the consolidated action filed a Consolidated Amended Verified Derivative and Class Action Petition for Damages and Preliminary and Permanent Injunction. The three actions filed in the Civil District Court for Orleans Parish were captioned as follows: • Butler v. Cleco Corporation , No. 2014-10776 (filed November 7, 2014), • Creative Life Services, Inc. v. Cleco Corporation , No. 2014-11098 (filed November 19, 2014), and • Cashen v. Cleco Corporation , No. 2014-11236 (filed November 21, 2014). In December 2014, the directors and Cleco filed declinatory exceptions in each action on the basis that each action was improperly brought in Orleans Parish and should either be transferred to the Ninth Judicial District Court for Rapides Parish or dismissed. Also, in December 2014, the plaintiffs in each action jointly filed a motion to consolidate the three actions pending in Orleans Parish and to appoint interim co-lead plaintiffs and co-lead counsel. In January 2015, the Court in the Creative Life Services case sustained the defendants’ declinatory exceptions and dismissed the case so that it could be transferred to the Ninth Judicial District Court for Rapides Parish. In February 2015, the plaintiffs in Butler and Cashen also consented to the dismissal of their cases from Orleans Parish so they could be transferred to the Ninth Judicial District Court for Rapides Parish. By operation of the December 2014 order of the Ninth Judicial District Court for Rapides Parish, the Butler , Cashen , and Creative Life Services actions were consolidated into the actions pending in Rapides Parish. In February 2015, the Ninth Judicial District Court for Rapides Parish held a hearing on a motion for preliminary injunction filed by plaintiffs in the consolidated action seeking to enjoin the shareholder vote for approval of the Merger Agreement. The District Court heard and denied the plaintiffs’ motion. In June 2015, the plaintiffs filed their Second Consolidated Amended Verified Derivative and Class Action Petition. Cleco filed exceptions seeking dismissal of the second amended petition in July 2015. The LPSC voted to approve the 2016 Merger before the court could consider the plaintiffs’ peremptory exceptions. In March 2016 and May 2016, the plaintiffs filed their Third Consolidated Amended Verified Derivative Petition for Damages and Preliminary and Permanent Injunction and their Fourth Verified Consolidated Amended Class Action Petition, respectively. The fourth amended petition, which remains the operative petition and was filed after the 2016 Merger closed, eliminated the request for preliminary and permanent injunction and named an additional executive officer as a defendant. The defendants filed exceptions seeking dismissal of the fourth amended petition. In September 2016, the District Court granted the exceptions of no cause of action and no right of action and dismissed all claims asserted by the former shareholders. The plaintiffs appealed the District Court’s ruling to the Louisiana Third Circuit Court of Appeal. In December 2017, the Third Circuit Court of Appeal issued an order reversing and remanding the case to the District Court for further proceedings. In January 2018, Cleco filed a writ with the Louisiana Supreme Court seeking review of the Third Circuit Court of Appeal’s decision. The writ was denied in March 2018 and the parties are engaged in discovery in the District Court. In November 2018, Cleco filed renewed exceptions of no cause of action and res judicata, seeking to dismiss all claims. On December 21, 2018, the court dismissed Cleco Partners and Cleco Holdings as defendants per the agreement of the parties, leaving as the only remaining defendants certain former executive officers and independent directors. The District Court denied the defendants’ exceptions on January 14, 2019. A hearing on the plaintiffs’ motion for certification of a class was scheduled for August 26, 2019; however, prior to the hearing, the parties reached an agreement to certify a limited class. On September 7, 2019, the District Court certified a class limited to shareholders who voted against, abstained from voting, or did not vote on the 2016 Merger. On October 18, 2021, the District Court issued an order consistent with a joint motion by the parties to dismiss all claims against the former independent directors leaving two former executives as the only remaining defendants. Cleco believes that the allegations of the petitions in each action are without merit and that it has substantial meritorious defenses to the claims set forth in each of the petitions. Gulf Coast Spinning In September 2015, a potential customer sued Cleco for failure to fully perform an alleged verbal agreement to lend or otherwise fund its startup costs to the extent of $6.5 million. Gulf Coast Spinning Company, LLC (Gulf Coast), the primary plaintiff, alleges that Cleco promised to assist it in raising approximately $60.0 million, which Gulf Coast needed to construct a cotton spinning facility near Bunkie, Louisiana (the Bunkie Project). According to the petition filed by Gulf Coast in the 12 th Judicial District Court for Avoyelles Parish, Louisiana, Cleco made such promises of funding assistance in order to cultivate a new industrial electric customer which would increase its revenues under a power supply agreement that it executed with Gulf Coast. Gulf Coast seeks unspecified damages arising from its inability to raise sufficient funds to complete the project, including lost profits. Cleco filed an Exception of No Cause of Action arguing that the case should be dismissed. The 12 th Judicial District Court denied Cleco’s exception in December 2015, after considering briefs and arguments. In January 2016, Cleco appealed the 12 th Judicial District Court’s denial of its exception by filing with the Third Circuit Court of Appeal. In June 2016, the Third Circuit Court of Appeal denied the request to have the case dismissed. In July 2016, Cleco filed a writ to the Louisiana Supreme Court seeking a review of the 12 th Judicial District Court’s denial of Cleco’s exception. In November 2016, the Louisiana Supreme Court denied Cleco’s writ application. In February 2016, the parties agreed to a stay of all proceedings pending discussions concerning settlement. In May 2016, the 12 th Judicial District Court lifted the stay at the request of Gulf Coast. The parties are currently participating in discovery. Diversified Lands loaned $2.0 million to Gulf Coast for the Bunkie Project. The loan was secured by a mortgage on the Bunkie Project site. Diversified Lands foreclosed on the Bunkie property in February 2020 and has also asserted claims personally against the former owner of Gulf Coast. These claims are based on contracts and credit documents executed by Gulf Coast, the obligations and performance of which were personally guaranteed by the former owner of Gulf Coast. Diversified Lands is seeking recovery of the indebtedness still owed by Gulf Coast to Diversified Lands following the February 2020 foreclosure, which action has been consolidated with the litigation filed by Gulf Coast in the 12 th Judicial District Court for Avoyelles Parish, Louisiana. Discovery is ongoing and no trial date has been set. Cleco believes the allegations of the petition are contradicted by the written documents executed by Gulf Coast, are otherwise without merit, and that it has substantial meritorious defenses to the claims alleged by Gulf Coast. Dispute with Saulsbury Industries In October 2018, Cleco Power sued Saulsbury Industries, Inc., the former general contractor for the St. Mary Clean Energy Center project, seeking damages for Saulsbury Industries, Inc.’s failure to complete the St. Mary Clean Energy Center project on time and for costs incurred by Cleco Power in hiring a replacement general contractor. The action was filed in the Ninth Judicial District Court for Rapides Parish. Saulsbury Industries, Inc. removed the case to the U.S. District Court for the Western District of Louisiana, on March 1, 2019. On September 14, 2020, Cabot Corporation was allowed to join the case pending in the Ninth Judicial District Court for Rapides Parish. In January 2019, Cleco Power was served with a summons in Saulsbury Industries, Inc. v. Cabot Corporation and Cleco Power LLC , in the U.S. District Court for the Western District of Louisiana. Saulsbury Industries, Inc. alleged that Cleco Power and Cabot Corporation caused delays in the St. Mary Clean Energy Center project, resulting in alleged impacts to Saulsbury Industries, Inc.’s direct and indirect costs. On June 5, 2019, Cleco Power and Cabot Corporation each filed separate motions to dismiss. On October 24, 2019, the District Court denied Cleco’s motion as premature and ruled that Saulsbury Industries, Inc. had six weeks to conduct discovery on specified jurisdictional issues. The Magistrate Judge presiding over the Western District of Louisiana consolidated cases issued a report and recommendation to the District Judge that the case instituted by Saulsbury Industries, Inc. be dismissed without prejudice and the case initiated by Cleco Power be remanded to the Ninth Judicial District Court for Rapides Parish. Saulsbury Industries, Inc. did not oppose the Magistrate Judge’s report and recommendation, and the District Judge issued a ruling that adopted the Magistrate Judge’s report and recommendation, which included reasoning consistent with Cleco Power’s arguments. Thus, the federal consolidated cases are now closed. On October 10, 2019, Cleco Power was served with a summons in Saulsbury Industries, Inc. v. Cabot Corporation and Cleco Power LLC in the 16 th Judicial District Court for St. Mary Parish. Saulsbury Industries, Inc. asserted the same claim as the Western District litigation and further asserts claims for payment on an open account. On December 9, 2019, Cleco moved to stay the case, arguing that the Rapides Parish suit should proceed. On February 14, 2020, the court granted Cleco’s motion, which stay order remains in place until lifted. The 16 th Judicial District Court for the St. Mary Parish case held a hearing on October 16, 2020, and the judge granted Cleco’s declinatory exceptions of lis pendens. Thus, the St. Mary’s Parish case has been dismissed. Saulsbury appealed this decision. On May 17, 2022, the Court of Appeal, First Circuit, ruled in favor of Cleco and affirmed the decision of the 16 th Judicial District Court for St. Mary Parish with respect to Cleco. However, the First Circuit Court reversed the 16 th Judicial District Court for St. Mary Parish’s decision dismissing Cabot Corporation from the St. Mary Parish case. All parties filed applications for rehearing, which were denied on June 29, 2022. Cabot Corporation applied for review by the Louisiana Supreme Court of the portion of the First Circuit Court's ruling that denied Cabot Corporation’s exception seeking dismissal from the St. Mary Parish litigation. On November 1, 2022, the Louisiana Supreme Court rendered a decision in favor of Cabot Corporation. The Louisiana Supreme Court’s decision reversed the First Circuit Court’s decision and reinstated the decision of the 16 th Judicial District Court granting Cabot Corporation’s declinatory exceptions of lis pendens. The St. Mary Parish case has been dismissed in full. The Rapides Parish case remains stayed until the stay is lifted by further order of the Rapides Parish Court. LPSC Audits and Reviews Fuel Audits Generally, Cleco Power’s cost of fuel used for electric generation and the cost of purchased power are recovered through the LPSC-established FAC that enables Cleco Power to pass on to its customers substantially all such charges. Recovery of FAC costs is subject to periodic fuel audits by the LPSC. The LPSC FAC General Order issued in November 1997, in Docket No. U-21497 provides that an audit of FAC filings will be performed at least every other year. In March 2020, Cleco Power received a notice of audit from the LPSC for the period of January 2018 to December 2019. The total amount of fuel expense included in the audit is $565.8 million. Management expects the LPSC to approve the audit report by the end of 2022. Cleco Power has FAC filings for January 2020 and thereafter that remain subject to audit. Management is unable to predict or give a reasonable estimate of the possible range of the disallowance, if any, related to these filings. Historically, the disallowances have not been material. If a disallowance of fuel cost is ordered resulting in a refund, any such refund could have a material adverse effect on the results of operations, financial condition, or cash flows of the Registrants. On March 29, 2021, Cleco Power received approval from the LPSC to recover $50.0 million of incremental fuel and purchased power costs incurred as a result of Winter Storms Uri and Viola over a period of 12 months beginning with the May 2021 bills. On May 11, 2021, Cleco Power received notice of an audit from the LPSC for the fuel costs incurred during the time period required to restore services to Cleco Power’s customers during Winter Storms Uri and Viola. Cleco Power has responded to several data requests. Management is unable to determine the outcome or completion of the audit. Environmental Audit In 2009, the LPSC issued Docket No. U-29380 Subdocket A, which provides Cleco Power an EAC to recover from its customers certain costs of environmental compliance. The costs eligible for recovery are those for prudently incurred air emissions credits associated with complying with federal, state, and local air emission regulations that apply to the generation of electricity reduced by the sale of such allowances. Also eligible for recovery are variable emission mitigation costs, which are the costs of reagents such as ammonia and limestone that are a part of the fuel mix used to reduce air emissions, among other things. Cleco Power has EAC filings for January 2020 and thereafter that remain subject to audit. Management is unable to predict or give a reasonable estimate of the possible range of the disallowance, if any, related to these filings. Historically, the disallowances have not been material. If a disallowance of environmental cost is ordered resulting in a refund to Cleco Power’s customers, any such refund could have a material adverse effect on the results of operations, financial condition, or cash flows of the Registrants. Cleco Power incurs environmental compliance expenses for reagents associated with the compliance standards of MATS. These expenses are also eligible for recovery through Cleco Power’s EAC and are subject to periodic review by the LPSC. In May 2020, the EPA finalized a rule that concluded that it is not appropriate and necessary to regulate hazardous air pollutants from coal- and oil-fired electric generating units. However, the EPA concluded that coal- and oil-fired electric generating units would not be removed from the list of regulated sources of hazardous air pollutants and would remain subject to MATS. The EPA also determined that the results of its risk and technology review did not require any revisions to the emissions standards. Several petitions for review of the rule’s findings were filed between May and July 2020 in the D.C. Circuit Court of Appeals. On January 20, 2021, the Presidential Administration issued an executive order, which directs federal agency heads to review regulations and other actions over the past four years to determine if they are inconsistent with the policies announced in the executive order. The order specifically directed the EPA to consider issuing a proposed rule to suspend, revise, or rescind the rule. The EPA determined the most environmentally protective course is to implement the rules in the executive order. On February 9, 2022, the EPA published in the Federal Register a proposed rule to revoke the agency’s May 2020 finding with respect to whether it is appropriate and necessary to regulate coal and oil-fired generating units under MATS, but the EPA has not yet acted on a review of the risk and technology determination from the May 2020 rule. Management is unable to determine whether the outcome of the D.C. Circuit Court of Appeals’ review or the EPA’s review of the rule as a result of the executive order will result in changes to the MATS standards. Prudency Reviews Lignite Mine Closure Costs Cleco Power is seeking recovery for deferred fuel and other mine-related closure costs. Recovery of these costs is subject to a prudency review by the LPSC, which is currently in progress. Cleco Power believes these costs are prudent and recoverable. However, initial testimony by the LPSC Staff advisors filed in August 2022 indicates disagreement with the prudency of these incurred costs. Cleco Power filed rebuttal testimony on September 23, 2022, rebutting the LPSC Staff’s accusations of the lignite mining agreement not being approved by the LPSC, the prudency of the costs incurred, and the recoverability of such costs. A hearing date is expected in the second quarter of 2023. Due to the nature and timing of the regulatory process, Cleco Power is currently unable to determine if any portion of the incurred costs will be disallowed for recovery. St. Mary Clean Energy Center In August 2019, the St. Mary Clean Energy Center was placed in service. The St. Mary Clean Energy Center is a partnership with Cabot Corporation, whereby Cleco Power generates power through waste heat recovered from Cabot Corporation’s carbon black manufacturing process. The planning and construction costs incurred for this facility are currently being recovered through Cleco Power’s base rates and were subject to a prudency review by the LPSC. On September 21, 2022, the LPSC approved a settlement disallowing recovery of $15.0 million, which resulted in a $13.8 million impairment charge and a reduction of the associated property, plant, and equipment net book value. The impairment charge is recorded in Regulatory disallowance on Cleco’s and Cleco Power’s Condensed Consolidated Statements of Income. The settlement also resulted in a refund to Cleco Power’s retail customers totaling $10.4 million, which was given back to customers as bill credits in October 2022. The $10.4 million refund liability consists of $6.6 million for costs recovered in periods prior to September 30, 2022, and $3.8 million for costs to be recovered from October 1, 2022, until Cleco Power’s base rates reset in its next rate case, which is expected to be on July 1, 2024. The total refund is reflected as a liability in Provision for refund on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets, with $6.6 million reflected in Electric customer credits on Cleco’s and Cleco Power’s Statements of Income and $3.8 million reflected in Regulatory assets on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets. South Central Generating Prior to the Cleco Cajun Transaction, South Central Generating was involved in various litigation matters, including environmental and contract proceedings, before various courts regarding matters arising out of the ordinary course of business. As of September 30, 2022, management estimates potential losses to be $1.5 million with respect to one of these matters. Management is unable to estimate any potential losses Cleco Cajun may be ultimately responsible for with respect to any of the remaining matters. As part of the Cleco Cajun Transaction, NRG Energy indemnified Cleco for losses as of the closing date associated with matters that existed as of the closing date, including pending litigation. Other Cleco is involved in various litigation matters, including regulatory, environmental, and administrative proceedings before various courts, regulatory commissions, arbitrators, and governmental agencies regarding matters arising in the ordinary course of business. The liability Cleco may ultimately incur with respect to any one of these matters may be in excess of amounts currently accrued. Management regularly analyzes current information and, as of September 30, 2022, believes the probable and reasonably estimable liabilities based on the eventual disposition of these matters are $8.3 million and has accrued this amount. Off-Balance Sheet Commitments and Guarantees Cleco Holdings and Cleco Power have entered into various off-balance sheet commitments, in the form of guarantees and standby letters of credit, in order to facilitate their activities and the activities of Cleco Holdings’ subsidiaries and equity investees (affiliates). Cleco Holdings and Cleco Power have also agreed to contractual terms that require the Registrants to pay third parties if certain triggering events occur. These contractual terms generally are defined as guarantees. Cleco Holdings entered into these off-balance sheet commitments in order to entice desired counterparties to contract with its affiliates by providing some measure of credit assurance to the counterparty in the event Cleco’s affiliates do not fulfill certain contractual obligations. If Cleco Holdings had not provided the off-balance sheet commitments, the desired counterparties may not have contracted with Cleco’s affiliates, or may have contracted with them at terms less favorable to its affiliates. The off-balance sheet commitments are not recognized on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets because management has determined that Cleco’s and Cleco Power’s affiliates are able to perform the obligations under their contracts and that it is not probable that payments by Cleco or Cleco Power will be required. Cleco Holdings provided guarantees and indemnities to Entergy Louisiana and Entergy Gulf States as a result of the sale of the Perryville generation facility in 2005. The remaining indemnifications relate to environmental matters that may have been present prior to closing. These remaining indemnifications have no time limitations. The maximum amount of the potential payment to Entergy Louisiana and Entergy Gulf States is $42.4 million. Management does not expect to be required to pay Entergy Louisiana and Entergy Gulf States under these guarantees. On behalf of Acadia, Cleco Holdings provided guarantees and indemnifications as a result of the sales of Acadia Unit 1 to Cleco Power and Acadia Unit 2 to Entergy Louisiana in 2010 and 2011, respectively. The remaining indemnifications relate to the fundamental organizational structure of Acadia. These remaining indemnifications have no time limitations or maximum potential future payments. Management does not expect to be required to pay Cleco Power or Entergy Louisiana under these guarantees. Cleco Holdings provided indemnifications to Cleco Power as a result of the transfer of Coughlin to Cleco Power in March 2014. Cleco Power also provided indemnifications to Cleco Holdings as a result of the transfer of Coughlin to Cleco Power. The maximum amount of the potential payment to Cleco Power and Cleco Holdings, for their respective indemnifications is $40.0 million, except for indemnifications relating to the fundamental organizational structure of each respective entity, of which the maximum amount is $400.0 million. Management does not expect to be required to make any payments under these indemnifications. As part of the Amended Lignite Mining Agreement, Cleco Power and SWEPCO, joint owners of the Dolet Hills Power Station, have agreed to pay the loan and lease principal obligations of the lignite miner, DHLC, when due if DHLC does not have sufficient funds or credit to pay. Any amounts projected to be paid would be based on the forecasted loan and lease obligations to be incurred by DHLC, primarily for the reclamation of land used in DHLC’s mining operations prior to its termination of such operations or in support of such mining operations, and the fulfillment of DHLC’s mine closing and environmental obligations under its mining plan. As of September 30, 2022, Cleco Power does not expect any payments to be made under this guarantee. Cleco Power has the right to dispute the incurrence of such loan and lease obligations before their incurrence but cannot unreasonably withhold approval thereof. The Amended Lignite Mining Agreement does not affect the amount the Registrants can borrow under their credit facilities. In April 2020, Cleco Power and SWEPCO mutually agreed to not develop additional mining areas for future lignite extraction and subsequently provided notice to the LPSC of the intent to cease mining at the Dolet Hills and Oxbow mines by June 2020. The mine closures are subject to LPSC review and approval. As of June 30, 2020, all lignite reserves intended to be extracted from the mines had been extracted. On October 6, 2020, Cleco Power and SWEPCO made a joint filing with the LPSC seeking authorization to close the Oxbow mine and to include and defer certain accelerated mine costs in fuel and related ratemaking treatment. For more information on the joint filing, see “— Risks and Uncertainties.” For information on the LPSC prudency review associated with the mine closure costs, see “— LPSC Audits and Reviews — Prudency Reviews — Lignite Mine Closure Costs.” Cleco has letters of credit to MISO pursuant to energy market requirements. The letters of credit automatically renew each year and have no impact on Cleco Holdings’ or Cleco Power’s revolving credit facility. Generally, neither Cleco Holdings nor Cleco Power has recourse that would enable them to recover amounts paid under their guarantee or indemnification obligations. There are no assets held as collateral for third parties that either Cleco Holdings or Cleco Power could obtain and liquidate to recover amounts paid pursuant to the guarantees or indemnification obligations. Other Commitments Cleco has accrued for liabilities related to third parties, employee medical benefits, and AROs. In April 2015, the EPA published a final rule in the Federal Register for regulating the disposal and management of CCRs from coal-fired power plants (CCR Rule). The CCR Rule established extensive requirements for existing and new CCR landfills and surface impoundments and all lateral expansions consisting of location restrictions, design and operating criteria, groundwater monitoring and corrective action, closure requirements and post closure care, and recordkeeping, notification, and internet posting requirements. In August 2018, the D.C. Court of Appeals vacated several requirements in the CCR regulation, which included eliminating the previous acce ptability of compacted clay material as a liner for impoundments. As a result, in August 2020, the EPA published a final rule in the Federal Register that would set deadlines for costly modifications including retrofitting of clay-lined impoundments with compliant liners or closure of the impoundments. In November 2020, Cleco submitted demonstrations to the EPA specifying its intended course of action for the ash disposal facilities at Rodemacher Unit 2, Dolet Hills Power Station, and Big Cajun II in order to comply with the final CCR Rule. During 2021, additional information was submitted to the Louisiana Department of Environmental Quality to revise and update Cleco Power’s compliance strategy. On January 11, 2022, Cleco Power and Cleco Cajun received communication from the EPA that the demonstrations have been deemed complete. However, the demonstrations are still subject to EPA approval based on pending technical reviews. At September 30, 2022, Cleco and Cleco Power had AROs of $73.5 million and $21.0 million, respectively. At December 31, 2021, Cleco and Cleco Power had AROs of $74.3 million and $23.0 million, respectively. As part of the Cleco Cajun Transaction, NRG agreed to indemnify Cleco for environmental costs up to $25.0 million associated with the CC R rule. At September 30, 2022, Cleco Cajun had indemnification assets totaling $22.6 million. The current portion of the indemnification asset of $1.1 million is reflected in Other current assets and the non-current portion of $21.5 million is reflected in Other deferred charges on Cleco’s Condensed Consolidated Balance Shee t. The indemnification asset is expected to be collected as closure costs are incurred. Risks and Uncertainties Cleco could be subject to possible adverse consequences if Cleco’s counterparties fail to perform their obligations or if Cleco or its affiliates are not in compliance with loan agreements or bond indentures. Access to capital markets is a significant source of funding for both short- and long-term capital requirements not satisfied by operating cash flows. Changes in the regulatory environment or market forces could cause Cleco to determine its assets have suffered an other-than-temporary decline in value, whereby an impairment would be required, and Cleco’s financial condition could be materially adversely affected. Cleco Power and Cleco Cajun are participants in the MISO market. Power purchases in the MISO market are made at prevailing market prices, also referred to as LMP. LMP includes a component directly related to congestion on the transmission system and, as a result, can be different based on the location and time of the day the energy is dispatched causing energy costs to fluctuate. Cleco Power and Cleco Cajun use FTRs to mitigate transmission congestion price risks. Recovery of these costs included in Cleco Power’s FAC is subject to, and may be disallowed as part of, a prudency review or a periodic fuel audit conducted by the LPSC. The Dolet Hills Power Station was retired on December 31, 2021. On January 31, 2022, Cleco Power filed an application with the LPSC requesting recovery of stranded and decommissioning costs associated with the retirement of the Dolet Hills Power Station. On June 3, 2022, the Louisiana Electric Utility Energy Transition Securitization Act was passed into law. Through authorization of an LPSC financing order, this law enables Louisiana electric utilities to use securitization financing for certain energy transition costs, including mine closure costs and stranded costs. Such a securitization would create a contract right constituting incorporeal movable property of the right to bill and collect from Louisiana customers the costs of securitization. At September 30, 2022, Cleco Power had $147.0 million deferred as a regulatory asset for stranded costs related to the Dolet Hills Power Station retirement. These costs are currently under a prudency review by the LPSC. Pending the outcome of the prudency review and under the terms of this new law, Cleco Power intends to seek a financing order in 2023 to securitize these stranded Dolet Hills Power Station closure costs. On October 6, 2020, Cleco Power and SWEPCO made

Affiliate Transactions

Affiliate Transactions	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
Affiliate Transactions	Note 14 — Affiliate Transactions At September 30, 2022, Cleco Holdings had an affiliate receivable of $13.1 million, primarily for estimated income taxes paid on behalf of Cleco Group. At December 31, 2021, Cleco Holdings had an affiliate receivable of $3.0 million primarily for franchise taxes paid on behalf of Cleco Group. At September 30, 2022, and December 31, 2021, Cleco Holdings had an affiliate payable of $13.1 million and $51.3 million, respectively, to Cleco Group primarily for settlement of taxes payable. Cleco Power has balances that are payable to or due from its affiliates. The following table is a summary of those balances: AT SEPT. 30, 2022 AT DEC. 31, 2021 (THOUSANDS) ACCOUNTS ACCOUNTS ACCOUNTS ACCOUNTS Cleco Holdings $ 8 $ 1,029 $ 10,347 $ 59,627 Support Group 1,255 9,806 2,473 10,038 Cleco Cajun 1,223 2 792 64 Total $ 2,486 $ 10,837 $ 13,612 $ 69,729

Intangible Assets, Intangible L

Intangible Assets, Intangible Liabilities, and Goodwill	9 Months Ended
	Sep. 30, 2022
Intangible Assets And Liabilities Disclosure [Abstract]
Intangible Assets, Intangible Liabilities, and Goodwill	Note 15 — Intangible Assets, Intangible Liabilities, and Goodwill Securitized Intangible On June 22, 2022, Cleco Securitization I acquired the Storm Recovery Property from Cleco Power in the amount of $415.9 million. The Storm Recovery Property is classified as a securitized intangible asset on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets. This securitized intangible asset will be amortized over the estimated periods needed to collect the required amounts from Cleco Power’s customers to service Cleco Securitization I’s storm recovery bonds, currently estimated through September 2044. There was no amortization during the current period because collections from Cleco Power’s customers were allocated to expenses that take priority to the storm recovery bonds as allowed by the storm recovery bond indenture. At the end of its life, this securitized intangible asset will have no residual value. For additional information on Cleco Power’s storm costs and the securitization financing, see Note 5 — “Regulatory Assets and Liabilities,” Note 7 — “Debt,” and Note 17 — “Storm Securitization and Cost Recovery.” Other Intangibles As a result of the 2016 Merger, fair value adjustments were recorded on Cleco’s Condensed Consolidated Balance Sheet for the valuation of finite intangible assets relating to long-term wholesale power supply agreements. At the end of their lives, these power supply agreement intangible assets will have no residual value. The intangible assets related to the power supply agreements are amortized over the estimated life of each applicable contract ranging between 7 and 19 years, and the amortization is included in Electric operations on Cleco’s Condensed Consolidated Statements of Income. As a result of the 2016 Merger, fair value adjustments were recorded on Cleco’s Condensed Consolidated Balance Sheet for the valuation of a finite intangible asset relating to the Cleco Power trade name. In August 2021, a wholesale customer that is currently under contract with Cleco Power through March 31, 2024, informed Cleco Power that it was not selected through its request for proposal process as a provider of load after the first quarter of 2024. Cleco considered this to be a triggering event and determined that the carrying value of the trade name intangible asset may not be recoverable. Therefore, a valuation of the Cleco Power trade name was conducted to test for impairment. A discounted cash flow model utilizing an estimated weighted average cost of capital of 8% was used to determine the fair value of the Cleco Power trade name. As a result, Cleco determined that the fair value of the Cleco Power trade name was less than its carrying value and an impairment of $3.8 million was recognized reducing the carrying value to zero at September 30, 2021. As a result of the Cleco Cajun Transaction, fair value adjustments were recorded on Cleco’s Condensed Consolidated Balance Sheet for the difference between the contract and market price of acquired long-term wholesale power agreements. At the end of their lives, these intangible assets and liabilities will have no residual value. These intangibles are amortized over the estimated life of each applicable contract ranging between 6 and 8 years. The amortization is included in Electric operations on Cleco’s Condensed Consolidated Statements of Income. As part of the Cleco Cajun Transaction, Cleco assumed an LTSA for maintenance services related to the Cottonwood Plant. This intangible liability is being amortized using the straight-line method over the estimated life of the LTSA of seven years. The amortization is included as a reduction to the LTSA prepayments on Cleco’s Condensed Consolidated Balance Sheet. The following table presents Cleco’s amortization of other intangible assets and liabilities included in its Condensed Consolidated Income Statements: Cleco FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Intangible assets Trade name $ — $ 3,770 $ — $ 3,897 Power supply agreements $ 6,400 $ 6,400 $ 19,200 $ 19,200 Intangible liabilities LTSA $ 871 $ 871 $ 2,613 $ 2,613 Power supply agreements $ 389 $ 389 $ 1,168 $ 1,989 The following table summarizes the balance of other intangible assets and liabilities subject to amortization for Cleco included in its Condensed Consolidated Balance Sheets: Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Intangible assets Power supply agreements $ 184,004 $ 184,004 Total intangible assets carrying amount 184,004 184,004 Intangible liabilities LTSA 24,100 24,100 Power supply agreements 14,200 14,200 Total intangible liability carrying amount 38,300 38,300 Net intangible assets carrying amount 145,704 145,704 Accumulated amortization (97,885) (82,466) Net intangible assets subject to amortization $ 47,819 $ 63,238 Goodwill On April 13, 2016, in connection with the completion of the 2016 Merger, Cleco recognized goodwill of $1.49 billion. Management assigned the recognized goodwill to the Cleco Power reporting unit. Goodwill is required to be tested for impairment at the reporting unit level on an annual basis or whenever events or circumstances indicate that the value of goodwill may be impaired. In performing the impairment test, Cleco compares the fair value of the reporting unit to its carrying value including goodwill. If the carrying value including goodwill were to exceed the fair value of a reporting unit, an impairment loss would be recognized. A goodwill impairment loss is measured as the amount by which a reporting unit's carrying value exceeds fair value, not to exceed the carrying amount of goodwill. Cleco estimates the reporting unit's fair value using a weighted combination of the income approach, which estimates fair value based on discounted cash flows, and the market approach, which estimates fair value based on market comparables within the utility and energy industries. The income approach cash flow valuations involve a number of estimates that require broad assumptions and significant judgment by management regarding future performance, including estimation of future cash flows related to capital expenditures, the weighted average cost of capital or discount rate and the assumed long-term growth rate approach, which incorporates management's assumptions regarding sustainable long-term growth. The market approach includes significant assumptions around the implied market multiples for certain peer companies. Management selects comparable peers based on each peer’s primary business mix, operations, and market capitalization compared to the applicable reporting unit and calculates implied market multiples based on available projected earnings guidance and peer company market values as of the test date. Cleco performs an annual impairment test each August. In between annual tests, Cleco monitors its estimates and assumptions regarding estimated future cash flows, including the impact of movements in market indicators in future quarters, and will update the impairment analyses if a triggering event occurs. While Cleco believes the assumptions are reasonable, actual results may differ from projections. To the extent projected results or cash flows are revised downward, Cleco may be required to reduce all or a portion of the carrying value of goodwill, which could adversely impact earnings. Cleco conducted its 2022 annual impairment test using an August 1, 2022, measurement date and determined that the estimated fair value of the reporting unit exceeded its carrying value, and no impairment existed.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Loss	Note 16 — Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss are summarized in the following tables for Cleco and Cleco Power. All amounts are reported net of income taxes. Amounts in parentheses indicate debits. Cleco FOR THE THREE MONTHS ENDED SEPT. 30, 2022 FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) POSTRETIREMENT BENEFIT NET LOSS Balance, beginning of period $ (23,608) $ (23,629) Amounts reclassified from AOCI Amortization of postretirement benefit net loss 10 31 Balance, Sept. 30, 2022 $ (23,598) $ (23,598) FOR THE THREE MONTHS ENDED SEPT. 30, 2021 FOR THE NINE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) POSTRETIREMENT BENEFIT NET LOSS Balance, beginning of period $ (25,588) $ (25,796) Amounts reclassified from AOCI Amortization of postretirement benefit net loss 96 304 Balance, Sept. 30, 2021 $ (25,492) $ (25,492) Cleco Power FOR THE THREE MONTHS ENDED SEPT. 30, 2022 FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) POSTRETIREMENT NET LOSS TOTAL AOCI POSTRETIREMENT NET LOSS TOTAL AOCI Balances, beginning of period $ (12,272) $ (5,172) $ (17,444) $ (12,885) $ (5,298) $ (18,183) Amounts reclassified from AOCI Amortization of postretirement benefit net loss 307 — 307 920 — 920 Reclassification of net loss to interest charges — 63 63 — 189 189 Balances, Sept. 30, 2022 $ (11,965) $ (5,109) $ (17,074) $ (11,965) $ (5,109) $ (17,074) FOR THE THREE MONTHS ENDED SEPT. 30, 2021 FOR THE NINE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) POSTRETIREMENT NET LOSS TOTAL AOCI POSTRETIREMENT NET LOSS TOTAL AOCI Balances, beginning of period $ (18,394) $ (5,486) $ (23,880) $ (19,139) $ (5,614) $ (24,753) Amounts reclassified from AOCI Amortization of postretirement benefit net loss 350 — 350 1,095 — 1,095 Reclassification of net loss to interest charges — 63 63 — 191 191 Balances, Sept. 30, 2021 $ (18,044) $ (5,423) $ (23,467) $ (18,044) $ (5,423) $ (23,467)

Storm Securitization and Cost R

Storm Securitization and Cost Recovery	9 Months Ended
	Sep. 30, 2022
Unusual or Infrequent Items, or Both [Abstract]
Storm Securitization and Cost Recovery	Note 17 — Storm Securitization and Cost Recovery In 2020 and 2021, Cleco Power’s distribution and transmission systems sustained damage from four separate hurricanes, Hurricanes Laura, Delta, Zeta, and Ida, and two severe winter storms, Winter Storms Uri and Viola. Cleco Power’s total restoration costs related to the hurricanes and winter storms totaled approximately $342.7 million. The damage to equipment from the storms required replacement, as well as repair of existing assets. As a result, approximately $211.1 million of the total restoration costs were capitalized on Cleco Power’s balance sheet. Cleco Power also had regulatory assets totaling approximately $124.3 million for non-capital expenses related to these storms, as allowed by the LPSC. There was also $7.3 million for storm restoration costs related to wholesale operations and maintenance that was expensed on Cleco’s and Cleco Power’s Condensed Consolidated Income Statements in the period the costs were incurred. On April 1, 2022, the LPSC issued the financing order authorizing Cleco Power to issue storm recovery bonds in the aggregate principal amount of up to $425.0 million for the securitization of Storm Recovery Property. This included: • the balance of storm costs of $220.1 million, after adjustments and collections through rates for interim storm recovery, for Hurricanes Laura, Delta, and Zeta and Winter Storms Uri and Viola; • $95.0 million for a reserve to fund Hurricane Ida storm restoration costs; • $100.9 million for a reserve to fund future storm restoration costs; and • $9.0 million for estimated upfront securitization costs and ongoing costs. On June 22, 2022, Cleco Power completed a securitized financing of the Storm Recovery Property through Cleco Securitization I. Cleco Securitization I used the net proceeds from its issuance of $425.0 million aggregate principal amount of its senior secured storm recovery bonds to purchase the Storm Recovery Property from Cleco Power, pay for debt issuance costs, and reimburse Cleco Power for upfront securitization costs paid by Cleco Power on behalf of Cleco Securitization I. Cleco Power utilized the proceeds received from Cleco Securitization I to fund reserves for storm restoration costs and redeem its $325.0 million floating rate notes issued in September 2021. For more information about the storm recovery bonds, see Note 7 — “Debt.” For more information about the storm reserves and regulatory assets associated with the storms, see Note 5 — “Regulatory Assets and Liabilities.” For more information about the cash restricted for the storm reserves, see Note 1 — “Summary of Significant Accounting Policies — Restricted Cash and Cash Equivalents.” On June 1, 2021, Cleco Power began collecting through rates $16.0 million annually for interim storm recovery costs associated with Hurricanes Laura, Delta, and Zeta. The interim storm rate recovery continued until the new storm recovery surcharge became effective on September 1, 2022. Cleco Power, in line with other i mpacted utilities, will seek available funds from the U.S. government for customer relief of costs incurred from the storms. Cleco Power cannot predict the likelihood that any funding from the U.S. government ultimately will be approved.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Covid-19 Impacts	In March 2020, WHO declared the outbreak of COVID-19 to be a global pandemic, and the U.S. declared a national emergency. In response to these declarations and the rapid spread of COVID-19, federal, state and local governments imposed varying degrees of restrictions on business and social activities to contain COVID-19. In response to the COVID-19 pandemic, in March 2020 the LPSC issued an executive order prohibiting the disconnection of utilities for nonpayment. On December 4, 2020, Cleco Power made a filing with the LPSC requesting the recovery of expenses incurred as a result of this executive order, as well as the lost revenue associated with the disconnection fees and incremental costs. Cleco Power anticipates approval of the recovery of these expenses in the first quarter of 2023. At September 30, 2022, Cleco Power had a regulatory asset of $3.0 million recorded for expenses incurred related to the executive order, as allowed by the LPSC. Cleco continues to assess the COVID-19 situation and cannot predict the full impact that COVID-19, or any significant related disruptions, will have on its business, cash flows, liquidity, financial condition, and results of operations.
Principles of Consolidation	The accompanying condensed consolidated financial statements of Cleco include the accounts of Cleco and its majority-owned subsidiaries after elimination of intercompany accounts and transactions.Following the formation of Cleco Securitization I and the closing of the storm securitization financing on June 22, 2022, Cleco Power became the primary beneficiary of Cleco Securitization I, and as a result, the financial statements of Cleco Securitization I are consolidated with the financial statements of Cleco Power
Basis of Presentation	The condensed consolidated financial statements of Cleco and Cleco Power have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, these condensed consolidated financial statements do not include all of the information and notes required by GAAP for annual financial statements. The year-end condensed consolidated balance sheet data was derived from audited financial statements. Because the interim condensed consolidated financial statements and the accompanying notes do not include all of the information and notes required by GAAP for annual financial statements, the condensed consolidated financial statements and other information included in this Quarterly Report on Form 10-Q should be read in conjunction with the consolidated financial statements and accompanying notes in the Registrants’ Combined Annual Report on Form 10-K for the fiscal year ended December 31, 2021. These condensed consolidated financial statements, in the opinion of management, reflect all normal recurring adjustments that are necessary for a fair statement of the financial position and results of operations of Cleco and Cleco Power. Amounts reported in Cleco’s and Cleco Power’s interim financial statements are not necessarily indicative of amounts expected for the annual periods due to the effects of seasonal temperature variations on energy consumption, regulatory rulings, the timing of maintenance on electric generating units, changes in mark-to-market valuations, changing commodity prices, discrete income tax items, and other factors. In preparing financial statements that conform to GAAP, management must make estimates and assumptions that affect the reported amounts of assets and liabilities, the reported amounts of revenues and expenses, and the
Restricted Cash and Cash Equivalents	Various agreements to which Cleco is subject contain covenants that restrict its use of cash. As certain provisions under these agreements are met, cash is transferred out of related escrow accounts and becomes available for its intended purposes and/or general corporate purposes.
Reserves for Credit Losses	Customer accounts receivable are recorded at the invoiced amount and do not bear interest. Customer accounts receivable are generally considered to become past due 20 days after the billing date. Cleco recognizes write-offs within the allowance for credit losses once all recovery methods have been exhausted. It is the policy of management to review accounts receivable and unbilled revenue monthly using a reserve matrix based on historical bad debt write-offs, as well as current and forecasted economic conditions, to establish a credit loss estimate. Management’s historical credit loss analysis included periods of economic recessions, natural disasters, and temporary changes to collection policies. Due to the critical necessity of electricity, none of these past events have significantly impacted Cleco’s credit loss rates. As a result of the market price volatility of natural gas experienced throughout 2022, Cleco has experienced significant increases to the pass-through fuel component of retail customer energy bills. Due to these increased customer fuel costs, along with the impacts of a 40-year high inflation rate, Cleco has experienced increases in credit loss reserves. These factors have not been and are not expected to be material to Cleco’s results of operations, financial condition, or cash flows.
Recent Authoritative Guidance	In March 2020, FASB issued optional guidance, for a limited period of time, that applies to entities meeting certain criteria for the contract modifications or hedging relationships that are referencing LIBOR or another reference rate expected to be discontinued due to reference rate reform. The guidance includes a general principal that permits an entity to consider contract modifications due to reference rate reform to be an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. The optional guidance may be applied from March 12, 2020, through December 31, 2022. Management has identified contracts with reference rates that will be discontinued, primarily related to long-term debt obligations. Certain debt contracts have been amended to include fallback provisions that provide substitute reference rates in the event LIBOR is discontinued or deemed to no longer be representative, or prior to such events, at the option of Cleco and the administrative agent. Management will continue to modify contracts to include similar fallback language and expects to apply this guidance on an ongoing basis. Management does not expect this guidance to have a significant impact on the Registrants’ results of operations, financial condition, or cash flows.In November 2021, FASB issued guidance requiring annual disclosures about government assistance with the objective of increasing transparency and reducing existing diversity in practice. This guidance requires disclosure of the types of assistance, an entity’s accounting for the assistance, and the effect of the assistance on the entity’s financial statements. This guidance is effective for annual periods beginning after December 15, 2021. Early adoption is permitted. Funding is being sought for relief of incurred storm costs. In addition, a congressional appropriation has been secured, subject to the U.S. Department of Energy’s grant process, to help offset future costs associated with Cleco Power’s Project Diamond Vault. Management will continue to monitor this activity to determine what, if any, disclosures are required. Management does not expect this guidance to have a significant impact on the results of operations, financial condition, or cash flows of the Registrants.
Regulatory Assets and Liabilities	Cleco Power recognizes an asset for certain costs capitalized or deferred for recovery from customers and recognizes a liability for amounts expected to be returned to customers or collected for future expected costs. Cleco Power records these assets and liabilities based on regulatory approval and management’s ongoing assessment that it is probable these items will be recovered or refunded through the ratemaking process. Under the current regulatory environment, Cleco Power believes these regulatory assets will be fully recoverable; however, if in the future, as a result of regulatory changes or competition, Cleco Power’s ability to recover these regulatory assets would no longer be probable, then to the extent that such regulatory assets were determined not to be recoverable, Cleco Power would be required to write-down such assets. In addition, potential deregulation of the industry, or possible future changes in the method of rate regulation of Cleco Power, could require discontinuance of the application of the authoritative guidance on regulated operations.
Pension Plan and Employee Benefits	Employees hired before August 1, 2007, are covered by a non-contributory, defined benefit pension plan. Based on the funding assumptions at December 31, 2021, management estimates that no contributions will be required until 2026, at which time $5.4 million of required pension contributions are expected. Cleco has not made, and does not expect to make, any contributions to the pension plan in 2022. Cleco Power is the plan sponsor and Support Group is the plan administrator. Benefits under the plan reflect an employee’s years of service, age at retirement, and accrued benefit at retirement. Cleco’s retirees may be eligible to receive Other Benefits. Dependents of Cleco’s retirees may also be eligible to receive Other Benefits with the exception of life insurance benefits.
Income Taxes	Cleco classifies all interest related to uncertain tax positions as a component of interest payable and interest expense.Cleco classifies income tax penalties as a component of other expense.
Variable Interest Entities	Cleco and Cleco Power apply the equity method of accounting to report the investment in Oxbow in the consolidated financial statements. Under the equity method, the assets and liabilities of this entity are reported as Equity investment in investee on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets. The revenue and expenses (excluding income taxes) of this entity are netted and reported as equity income or loss from investees on Cleco’s and Cleco Power’s Condensed Consolidated Statements of Income.
Equity Method Investments	Cleco and Cleco Power apply the equity method of accounting to report the investment in Oxbow in the consolidated financial statements. Under the equity method, the assets and liabilities of this entity are reported as Equity investment in investee on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets. The revenue and expenses (excluding income taxes) of this entity are netted and reported as equity income or loss from investees on Cleco’s and Cleco Power’s Condensed Consolidated Statements of Income.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents	Cleco’s and Cleco Power’s restricted cash and cash equivalents consisted of the following: Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current Cleco Katrina/Rita storm recovery surcharge $ — $ 1,674 Cleco Power’s storm restoration costs - Hurricane Ida 9,350 — Cleco Securitization I’s operating expenses and storm recovery bond issuance costs and debt service 5,552 — Total current 14,902 1,674 Non-current Diversified Lands’ mitigation escrow 22 22 Cleco Cajun’s defense fund 728 723 Cleco Power’s future storm restoration costs 102,586 — Cleco Power’s storm restoration costs - Hurricane Ida 6,037 — Total non-current 109,373 745 Total restricted cash and cash equivalents $ 124,275 $ 2,419
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 SEPT. 30, 2022 FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) ACCOUNTS OTHER* TOTAL ACCOUNTS OTHER* TOTAL Beginning of period $ 1,190 $ 1,638 $ 2,828 $ 1,302 $ 1,638 $ 2,940 Current period provision 939 — 939 2,149 — 2,149 Charge-offs (894) — (894) (2,899) — (2,899) Recovery 263 — 263 946 — 946 Balances, Sept. 30, 2022 $ 1,498 $ 1,638 $ 3,136 $ 1,498 $ 1,638 $ 3,136 * Loan held at Diversified Lands that was fully reserved at December 31, 2020. FOR THE THREE MONTHS ENDED SEPT. 30, 2021 FOR THE NINE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) ACCOUNTS OTHER* TOTAL ACCOUNTS OTHER* TOTAL Beginning of period $ 1,334 $ 1,638 $ 2,972 $ 2,758 $ 1,638 $ 4,396 Current period provision 567 — 567 3,057 — 3,057 Charge-offs (730) — (730) (5,172) — (5,172) Recovery 586 — 586 1,114 — 1,114 Balances, Sept. 30, 2021 $ 1,757 $ 1,638 $ 3,395 $ 1,757 $ 1,638 $ 3,395
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 SEPT. 30, 2022 FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) ACCOUNTS OTHER* TOTAL ACCOUNTS OTHER* TOTAL Beginning of period $ 1,190 $ 1,638 $ 2,828 $ 1,302 $ 1,638 $ 2,940 Current period provision 939 — 939 2,149 — 2,149 Charge-offs (894) — (894) (2,899) — (2,899) Recovery 263 — 263 946 — 946 Balances, Sept. 30, 2022 $ 1,498 $ 1,638 $ 3,136 $ 1,498 $ 1,638 $ 3,136 * Loan held at Diversified Lands that was fully reserved at December 31, 2020. FOR THE THREE MONTHS ENDED SEPT. 30, 2021 FOR THE NINE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) ACCOUNTS OTHER* TOTAL ACCOUNTS OTHER* TOTAL Beginning of period $ 1,334 $ 1,638 $ 2,972 $ 2,758 $ 1,638 $ 4,396 Current period provision 567 — 567 3,057 — 3,057 Charge-offs (730) — (730) (5,172) — (5,172) Recovery 586 — 586 1,114 — 1,114 Balances, Sept. 30, 2021 $ 1,757 $ 1,638 $ 3,395 $ 1,757 $ 1,638 $ 3,395
CLECO POWER
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash and Cash Equivalents	Cleco Power (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current Cleco Katrina/Rita storm recovery surcharge $ — $ 1,674 Storm restoration costs - Hurricane Ida 9,350 — Cleco Securitization I’s operating expenses and storm recovery bond issuance costs 5,552 — Total current 14,902 1,674 Non-current Future storm restoration costs 102,586 — Storm restoration costs - Hurricane Ida 6,037 — Total non-current 108,623 — Total restricted cash and cash equivalents $ 123,525 $ 1,674
Changes in Allowance for Credit Losses, Accounts Receivable	Cleco Power FOR THE THREE MONTHS ENDED SEPT. 30, 2022 FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) ACCOUNTS RECEIVABLE Beginning of period $ 1,190 $ 1,302 Current period provision 939 2,149 Charge-offs (894) (2,899) Recovery 263 946 Balances, Sept. 30, 2022 $ 1,498 $ 1,498 FOR THE THREE MONTHS ENDED SEPT. 30, 2021 FOR THE NINE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) ACCOUNTS RECEIVABLE Beginning of period $ 1,334 $ 2,758 Current period provision 567 3,057 Charge-offs (730) (5,172) Recovery 586 1,114 Balances, Sept. 30, 2021 $ 1,757 $ 1,757

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Lease Income Under Cottonwood Sale Leaseback	Cleco Cajun’s lease income under the Cottonwood Sale Leaseback for the three and nine months ended September 30, 2022, and 2021 was as follows: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Fixed payments $ 10,000 $ 10,000 $ 30,000 $ 30,000 Variable payments 6,244 4,938 17,657 15,413 Amortization of deferred lease liability * 2,301 2,301 6,904 6,904 Total lease income $ 18,545 $ 17,239 $ 54,561 $ 52,317

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Operating revenue, net for the three and nine months ended September 30, 2022, and 2021 was as follows: FOR THE THREE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) CLECO POWER CLECO CAJUN OTHER ELIMINATIONS TOTAL Revenue from contracts with customers Retail revenue Residential (1) $ 190,023 $ — $ — $ — $ 190,023 Commercial (1) 113,176 — — — 113,176 Industrial (1) 64,486 — — — 64,486 Other retail (1) 5,213 — — — 5,213 Storm recovery surcharge 5,025 — — — 5,025 Electric customer credits (6,728) — — — (6,728) Total retail revenue 371,195 — — — 371,195 Wholesale, net 97,933 (1) 140,767 (2) (2,420) (3) — 236,280 Transmission, net 18,664 21,009 — (2,560) 37,113 Other 6,094 — — — 6,094 Affiliate (4) 1,657 — 29,583 (31,240) — Total revenue from contracts with customers 495,543 161,776 27,163 (33,800) 650,682 Revenue unrelated to contracts with customers Other 5,296 (5) 18,564 (6) 1 — 23,861 Total revenue unrelated to contracts with customers 5,296 18,564 1 — 23,861 Operating revenue, net $ 500,839 $ 180,340 $ 27,164 $ (33,800) $ 674,543 (1) Includes fuel recovery revenue. (2) Includes $(3.6) million of amortization of intangible assets and liabilities related to Cleco Cajun’s wholesale power supply agreements. (3) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements. (4) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation. (5) Realized gains associated with FTRs. (6) Includes $16.2 million in lease revenue related to the Cottonwood Sale Leaseback and $2.3 million of deferred lease revenue amortization. FOR THE THREE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) CLECO POWER CLECO CAJUN OTHER ELIMINATIONS TOTAL Revenue from contracts with customers Retail revenue Residential (1) $ 148,522 $ — $ — $ — $ 148,522 Commercial (1) 82,711 — — — 82,711 Industrial (1) 45,446 — — — 45,446 Other retail (1) 4,479 — — — 4,479 Electric customer credits (764) — — — (764) Total retail revenue 280,394 — — — 280,394 Wholesale, net 74,831 (1) 107,501 (2) (2,420) (3) — 179,912 Transmission, net 17,235 (4) 17,903 — (2,217) 32,921 Other 5,618 — — — 5,618 Affiliate (5) 1,380 — 32,116 (33,496) — Total revenue from contracts with customers 379,458 125,404 29,696 (35,713) 498,845 Revenue unrelated to contracts with customers Other 1,094 (6) 17,254 (7) 1 — 18,349 Total revenue unrelated to contracts with customers 1,094 17,254 1 — 18,349 Operating revenue, net $ 380,552 $ 142,658 $ 29,697 $ (35,713) $ 517,194 (1) Includes fuel recovery revenue. (2) Includes $(3.6) million of amortization of intangible assets and liabilities related to Cleco Cajun’s wholesale power supply agreements. (3) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements. (4) Includes $0.1 million of electric customer credits. (5) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation. (6) Realized gains associated with FTRs. (7) Includes $14.9 million in lease revenue related to the Cottonwood Sale Leaseback and $2.3 million of deferred lease revenue amortization. FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) CLECO POWER CLECO CAJUN OTHER ELIMINATIONS TOTAL Revenue from contracts with customers Retail revenue Residential (1) $ 434,259 $ — $ — $ — $ 434,259 Commercial (1) 274,046 — — — 274,046 Industrial (1) 160,948 — — — 160,948 Other retail (1) 13,639 — — — 13,639 Storm recovery surcharge 5,025 — — — 5,025 Electric customer credits (6,992) — — — (6,992) Total retail revenue 880,925 — — — 880,925 Wholesale, net 245,231 (1) 370,489 (2) (7,260) (3) — 608,460 Transmission, net 46,244 57,281 — (7,388) 96,137 Other 16,285 — 1 — 16,286 Affiliate (4) 4,744 — 82,728 (87,472) — Total revenue from contracts with customers 1,193,429 427,770 75,469 (94,860) 1,601,808 Revenue unrelated to contracts with customers Other 12,715 (5) 54,616 (6) 4 — 67,335 Total revenue unrelated to contracts with customers 12,715 54,616 4 — 67,335 Operating revenue, net $ 1,206,144 $ 482,386 $ 75,473 $ (94,860) $ 1,669,143 (1) Includes fuel recovery revenue. (2) Includes $(10.8) million of amortization of intangible assets and liabilities related to Cleco Cajun’s wholesale power supply agreements. (3) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements. (4) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation. (5) Realized gains associated with FTRs. (6) Includes $47.7 million in lease revenue related to the Cottonwood Sale Leaseback and $6.9 million of deferred lease revenue amortization. FOR THE NINE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) CLECO POWER CLECO CAJUN OTHER ELIMINATIONS TOTAL Revenue from contracts with customers Retail revenue Residential (1) $ 348,918 $ — $ — $ — $ 348,918 Commercial (1) 214,129 — — — 214,129 Industrial (1) 119,497 — — — 119,497 Other retail (1) 11,925 — — — 11,925 Electric customer credits (40,794) — — — (40,794) Total retail revenue 653,675 — — — 653,675 Wholesale, net 182,769 (1) 300,415 (2) (7,260) (3) — 475,924 Transmission, net 44,530 (4) 46,733 (5) — (5,752) 85,511 Other 13,509 — — (1) 13,508 Affiliate (6) 4,259 — 85,392 (89,651) — Total revenue from contracts with customers 898,742 347,148 78,132 (95,404) 1,228,618 Revenue unrelated to contracts with customers Other 9,953 (7) 52,362 (8) 4 — 62,319 Total revenue unrelated to contracts with customers 9,953 52,362 4 — 62,319 Operating revenue, net $ 908,695 $ 399,510 $ 78,136 $ (95,404) $ 1,290,937 (1) Includes fuel recovery revenue. (2) Includes $(10.0) million of amortization of intangible assets and liabilities related to Cleco Cajun’s wholesale power supply agreements. (3) Amortization of intangible assets related to Cleco Power’s wholesale power supply agreements. (4) Includes $0.4 million of electric customer credits. (5) Includes $0.2 million of electric customer credits. (6) Includes interdepartmental rents and support services. This revenue is eliminated upon consolidation. (7) Realized gains associated with FTRs. (8) Includes $45.4 million in lease revenue related to the Cottonwood Sale Leaseback and $6.9 million of deferred lease revenue amortization.

Regulatory Assets and Liabili_2

Regulatory Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
Regulatory Assets [Line Items]
Schedule of Regulatory Assets	The following table summarizes Cleco’s net regulatory assets and liabilities: Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Total Cleco Power regulatory assets, net $ 508,285 $ 663,621 2016 Merger adjustments * Fair value of long-term debt 106,599 112,150 Postretirement costs 11,933 13,424 Financing costs 6,990 7,248 Debt issuance costs 4,671 4,920 Total Cleco regulatory assets, net $ 638,478 $ 801,363 * Cleco regulatory assets include acquisition accounting adjustments as a result of the 2016 Merger.
CLECO POWER
Regulatory Assets [Line Items]
Schedule of Regulatory Assets	The following table summarizes Cleco Power’s regulatory assets and liabilities: Cleco Power REMAINING RECOVERY PERIOD (YRS.) (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Regulatory assets Acadia Unit 1 acquisition costs $ 1,834 $ 1,913 17.25 Accumulated deferred fuel (1) 81,928 56,826 Various Affordability study 12,060 13,094 8.75 AFUDC equity gross-up 64,251 66,574 Various (2) AMI deferred revenue requirement 1,636 2,045 3.5 AROs (1)(8) 16,653 15,141 Bayou Vista to Segura transmission project deferred revenue requirement 3,765 1,392 0.75 Coughlin transaction costs 823 845 26.75 COVID-19 executive order (8) 2,953 2,953 Deferred storm restoration costs - Hurricane Delta (6) 21 17,113 Deferred storm restoration costs - Hurricane Ida (7) 9,350 37,617 Deferred storm restoration costs - Hurricane Laura (6) 90 54,282 Deferred storm restoration costs - Hurricane Zeta (6) 2 3,296 Deferred storm restoration costs - Winter Storms Uri & Viola — 1,912 Dolet Hills Power Station closure costs (8) 147,021 145,844 Energy efficiency 588 1,645 0.5 Financing costs (1) 6,549 6,826 Various (3) Interest costs 3,272 3,459 Various (2) Lignite Mine closure costs (8) 136,071 136,980 Madison Unit 3 property taxes (9) 13,028 8,362 Non-service cost of postretirement benefits 14,472 12,950 Various (2) Other assets 8,792 11,224 Various Postretirement costs 108,524 117,773 Various (4) Production operations and maintenance expenses 9,017 11,058 Various (5) Rodemacher Unit 2 deferred costs (8) 11,210 6,931 St. Mary Clean Energy Center 8,607 6,089 2.75 Training costs 5,813 5,929 37.25 Tree trimming costs 7,056 9,092 2.5 Total regulatory assets 675,386 759,165 Regulatory liabilities Deferred taxes, net (49,099) (95,544) Various Storm reserves (118,002) — Total regulatory liabilities (167,101) (95,544) Total regulatory assets, net $ 508,285 $ 663,621 (1) Represents regulatory assets for past expenditures that were not earning a return on investment at September 30, 2022, and December 31, 2021, respectively. All other assets are earning a return on investment. (2) Amortized over the estimated lives of the respective assets. (3) Amortized over the terms of the related debt issuances. (4) Amortized over the average service life of the remaining plan participants. (5) Deferral is recovered over the following three (6) From June 1, 2021, through August 31, 2022, these were being recovered through the interim storm recovery rate. For more information, see Note 17 — “Storm Securitization and Cost Recovery.” (7) Currently not in a recovery period. The balance remaining represents amounts under a prudency review by the LPSC. (8) Currently not in a recovery period. (9) Property taxes paid for the year ended December 31, 2021, are being recovered over 12 months beginning July 1, 2022.
Schedule of Regulatory Liabilities	The following table summarizes Cleco Power’s regulatory assets and liabilities: Cleco Power REMAINING RECOVERY PERIOD (YRS.) (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Regulatory assets Acadia Unit 1 acquisition costs $ 1,834 $ 1,913 17.25 Accumulated deferred fuel (1) 81,928 56,826 Various Affordability study 12,060 13,094 8.75 AFUDC equity gross-up 64,251 66,574 Various (2) AMI deferred revenue requirement 1,636 2,045 3.5 AROs (1)(8) 16,653 15,141 Bayou Vista to Segura transmission project deferred revenue requirement 3,765 1,392 0.75 Coughlin transaction costs 823 845 26.75 COVID-19 executive order (8) 2,953 2,953 Deferred storm restoration costs - Hurricane Delta (6) 21 17,113 Deferred storm restoration costs - Hurricane Ida (7) 9,350 37,617 Deferred storm restoration costs - Hurricane Laura (6) 90 54,282 Deferred storm restoration costs - Hurricane Zeta (6) 2 3,296 Deferred storm restoration costs - Winter Storms Uri & Viola — 1,912 Dolet Hills Power Station closure costs (8) 147,021 145,844 Energy efficiency 588 1,645 0.5 Financing costs (1) 6,549 6,826 Various (3) Interest costs 3,272 3,459 Various (2) Lignite Mine closure costs (8) 136,071 136,980 Madison Unit 3 property taxes (9) 13,028 8,362 Non-service cost of postretirement benefits 14,472 12,950 Various (2) Other assets 8,792 11,224 Various Postretirement costs 108,524 117,773 Various (4) Production operations and maintenance expenses 9,017 11,058 Various (5) Rodemacher Unit 2 deferred costs (8) 11,210 6,931 St. Mary Clean Energy Center 8,607 6,089 2.75 Training costs 5,813 5,929 37.25 Tree trimming costs 7,056 9,092 2.5 Total regulatory assets 675,386 759,165 Regulatory liabilities Deferred taxes, net (49,099) (95,544) Various Storm reserves (118,002) — Total regulatory liabilities (167,101) (95,544) Total regulatory assets, net $ 508,285 $ 663,621 (1) Represents regulatory assets for past expenditures that were not earning a return on investment at September 30, 2022, and December 31, 2021, respectively. All other assets are earning a return on investment. (2) Amortized over the estimated lives of the respective assets. (3) Amortized over the terms of the related debt issuances. (4) Amortized over the average service life of the remaining plan participants. (5) Deferral is recovered over the following three (6) From June 1, 2021, through August 31, 2022, these were being recovered through the interim storm recovery rate. For more information, see Note 17 — “Storm Securitization and Cost Recovery.” (7) Currently not in a recovery period. The balance remaining represents amounts under a prudency review by the LPSC. (8) Currently not in a recovery period. (9) Property taxes paid for the year ended December 31, 2021, are being recovered over 12 months beginning July 1, 2022.

Fair Value Accounting and Fin_2

Fair Value Accounting and Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value and Estimated Fair Value	The following tables summarize the carrying value and estimated market value of Cleco’s and Cleco Power’s financial instruments not measured at fair value on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets: Cleco AT SEPT. 30, 2022 AT DEC. 31, 2021 (THOUSANDS) CARRYING FAIR VALUE CARRYING FAIR VALUE Long-term debt $ 3,577,030 $ 3,284,781 $ 3,482,405 $ 3,752,220 * The carrying value of long-term debt does not include deferred issuance costs of $16.9 million at
Fair Value of Financial Assets and Liabilities Measured On A Recurring Basis	The following tables disclose for Cleco and Cleco Power the fair value of financial assets and liabilities measured on a recurring basis. These amounts are presented on a gross basis before consideration of amounts netted under master netting agreements and the application of collateral received or paid: Cleco FAIR VALUE MEASUREMENTS AT REPORTING DATE (THOUSANDS) AT SEPT. 30, 2022 QUOTED PRICES SIGNIFICANT SIGNIFICANT AT DEC. 31, 2021 QUOTED PRICES SIGNIFICANT SIGNIFICANT Asset description Money market funds $ 218,259 $ 218,259 $ — $ — $ 145,033 $ 145,033 $ — $ — FTRs 5,977 — — 5,977 6,977 — — 6,977 Natural gas derivatives* 166,226 — 166,226 — 87,464 — 87,464 — Total assets $ 390,462 $ 218,259 $ 166,226 $ 5,977 $ 239,474 $ 145,033 $ 87,464 $ 6,977 Liability description FTRs $ 3,982 $ — $ — $ 3,982 $ 834 $ — $ — $ 834 Natural gas derivatives* 977 — 977 — — — — — Total liabilities $ 4,959 $ — $ 977 $ 3,982 $ 834 $ — $ — $ 834 * Natural gas derivatives include fixed price physical forwards and swap transactions.
Net Changes in Net Fair Value of FTR Assets and Liabilities Classified as Level 3	The following tables summarize the net changes in the net fair value of FTR assets and liabilities classified as Level 3 in the fair value hierarchy for Cleco and Cleco Power: Cleco FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Beginning balance $ 4,682 $ 7,501 $ 6,143 $ 3,180 Unrealized gains (losses)* 1,821 3,955 (1,920) 18,861 Purchases 168 619 7,234 11,426 Settlements (4,676) (4,326) (9,462) (25,718) Ending balance $ 1,995 $ 7,749 $ 1,995 $ 7,749 * Cleco Power’s unrealized gains (losses) are reported through Accumulated deferred fuel on Cleco’s Condensed Consolidated Balance Sheet. Cleco Cajun’s unrealized gains (losses) are reported through Purchased power on Cleco’s Condensed Consolidated Income Statement.
Significant Unobservable Inputs Used in Developing Fair Value of Level 3 Positions	The following tables quantify the significant unobservable inputs used in developing the fair value of Level 3 positions for Cleco and Cleco Power as of September 30, 2022, and December 31, 2021: Cleco FAIR VALUE VALUATION TECHNIQUE SIGNIFICANT UNOBSERVABLE INPUTS FORWARD PRICE RANGE (THOUSANDS, EXCEPT FORWARD PRICE RANGE) ASSETS LIABILITIES LOW HIGH FTRs at Sept. 30, 2022 $ 5,977 $ 3,982 RTO auction pricing FTR price - per MWh $ (14.33) $ 18.50 FTRs at Dec. 31, 2021 $ 6,977 $ 834 RTO auction pricing FTR price - per MWh $ (3.94) $ 9.25
Institutional Money Market Funds	The following tables present the money market funds in cash and cash equivalents and restricted cash and cash equivalents as recorded on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets at September 30, 2022, and December 31, 2021: Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Cash and cash equivalents $ 94,713 $ 145,011 Current restricted cash and cash equivalents $ 14,902 $ — Non-current restricted cash and cash equivalents $ 108,644 $ 22
Offsetting Assets	The following tables present the fair values of derivative instruments and their respective line items as recorded on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets at September 30, 2022, and December 31, 2021: Cleco DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS AT SEPT. 30, 2022 GROSS AMOUNTS OFFSET GROSS AMOUNTS NOT OFFSET ON THE BALANCE SHEET (1) (THOUSANDS) BALANCE SHEET LINE ITEM GROSS ASSET (LIABILITY) CASH NET ASSET (LIABILITY) ON THE BALANCE SHEET COLLATERAL NET AMOUNT Commodity-related contracts FTRs Current Energy risk management assets $ 5,977 $ — $ 5,977 $ — $ 5,977 Current Energy risk management liabilities (3,982) — (3,982) — (3,982) Natural gas derivatives Current Energy risk management assets 105,206 (30,271) 74,935 (73,669) 1,266 Non-current Energy risk management assets 97,982 (6,129) 91,853 (34,338) 57,515 Current Energy risk management liabilities (1,539) — (1,539) — (1,539) Commodity-related contracts, net $ 203,644 $ (36,400) $ 167,244 $ (108,007) $ 59,237 (1) Represents letters of credit by counterparties. DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS AT DEC. 31, 2021 GROSS AMOUNTS OFFSET ON GROSS AMOUNTS NOT OFFSET ON THE BALANCE SHEET (1) (THOUSANDS) BALANCE SHEET LINE ITEM GROSS ASSET (LIABILITY) CONTRACT NETTING NET ASSET (LIABILITY) ON THE BALANCE SHEET COLLATERAL NET AMOUNT Commodity-related contracts FTRs Current Energy risk management assets $ 6,977 $ — $ 6,977 $ — $ 6,977 Current Energy risk management liabilities (834) — (834) — (834) Natural gas derivatives Current Energy risk management assets 37,061 (559) 36,502 (15,000) 21,502 Non-current Energy risk management assets 50,962 — 50,962 — 50,962 Current Energy risk management liabilities (559) 559 — — — Commodity-related contracts, net $ 93,607 $ — $ 93,607 $ (15,000) $ 78,607 (1) Represents letters of credit by counterparties.
Offsetting Liabilities	The following tables present the fair values of derivative instruments and their respective line items as recorded on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets at September 30, 2022, and December 31, 2021: Cleco DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS AT SEPT. 30, 2022 GROSS AMOUNTS OFFSET GROSS AMOUNTS NOT OFFSET ON THE BALANCE SHEET (1) (THOUSANDS) BALANCE SHEET LINE ITEM GROSS ASSET (LIABILITY) CASH NET ASSET (LIABILITY) ON THE BALANCE SHEET COLLATERAL NET AMOUNT Commodity-related contracts FTRs Current Energy risk management assets $ 5,977 $ — $ 5,977 $ — $ 5,977 Current Energy risk management liabilities (3,982) — (3,982) — (3,982) Natural gas derivatives Current Energy risk management assets 105,206 (30,271) 74,935 (73,669) 1,266 Non-current Energy risk management assets 97,982 (6,129) 91,853 (34,338) 57,515 Current Energy risk management liabilities (1,539) — (1,539) — (1,539) Commodity-related contracts, net $ 203,644 $ (36,400) $ 167,244 $ (108,007) $ 59,237 (1) Represents letters of credit by counterparties. DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS AT DEC. 31, 2021 GROSS AMOUNTS OFFSET ON GROSS AMOUNTS NOT OFFSET ON THE BALANCE SHEET (1) (THOUSANDS) BALANCE SHEET LINE ITEM GROSS ASSET (LIABILITY) CONTRACT NETTING NET ASSET (LIABILITY) ON THE BALANCE SHEET COLLATERAL NET AMOUNT Commodity-related contracts FTRs Current Energy risk management assets $ 6,977 $ — $ 6,977 $ — $ 6,977 Current Energy risk management liabilities (834) — (834) — (834) Natural gas derivatives Current Energy risk management assets 37,061 (559) 36,502 (15,000) 21,502 Non-current Energy risk management assets 50,962 — 50,962 — 50,962 Current Energy risk management liabilities (559) 559 — — — Commodity-related contracts, net $ 93,607 $ — $ 93,607 $ (15,000) $ 78,607 (1) Represents letters of credit by counterparties.
Fair Value of Derivative Instruments as Recorded in Condensed Consolidated Balance Sheets	The following tables present the volume of commodity-related derivative contracts outstanding at September 30, 2022, and December 31, 2021, for Cleco and Cleco Power: Cleco TOTAL VOLUME OUTSTANDING (THOUSAND) UNIT OF MEASURE AT SEPT. 30, 2022 AT DEC. 31, 2021 Commodity-related contracts FTRs MWh 23,678 14,055 Natural gas derivatives MMBtus 91,710 109,306
Amount of Gain (Loss) Recognized in Income on Derivatives	The following tables present the effect of derivatives not designated as hedging instruments on Cleco’s and Cleco Power’s Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2022, and 2021: Cleco AMOUNT OF GAIN(LOSS) ON DERIVATIVES RECOGNIZED IN INCOME FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) INCOME STATEMENT LINE ITEM 2022 2021 2022 2021 Commodity-related contracts FTRs (1) Electric operations $ 5,297 $ 1,959 $ 12,960 $ 11,167 FTRs (1) Purchased power 2,137 (770) (2) (7,829) (9,742) (2) Natural gas derivatives Fuel used for electric generation 84,377 107,687 250,264 165,584 Total (3) $ 91,811 $ 108,876 $ 255,395 $ 167,009 (1) For the three and nine months ended September 30, 2022, unrealized (losses) gains associated with FTRs for Cleco Power of $(1.4) million and $0.2 million, respectively, were reported through Accumulated deferred fuel on the balance sheet. For the three and nine months ended September 30, 2021, unrealized gains associated with FTRs for Cleco Power of $1.2 million and $0.5 million, respectively, were reported through Accumulated deferred fuel on the balance sheet. (2) Prior year balance has been revised to correct errors that were immaterial, both quantitatively and qualitatively, for the three and nine months ended September 30, 2021. (3) Cleco Power entered into natural gas derivatives during the three months ended September 30, 2022, and unrealized losses associated with natural gas derivatives of less than $0.1 million were reported through Accumulated deferred fuel on the balance sheet.
CLECO POWER
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Value and Estimated Fair Value	Cleco Power AT SEPT. 30, 2022 AT DEC. 31, 2021 (THOUSANDS) CARRYING FAIR VALUE CARRYING FAIR VALUE Long-term debt $ 1,920,431 $ 1,864,342 $ 1,820,254 $ 2,085,944 * The carrying value of long-term debt does not include deferred issuance costs of $12.6 million at
Fair Value of Financial Assets and Liabilities Measured On A Recurring Basis	Cleco Power FAIR VALUE MEASUREMENTS AT REPORTING DATE (THOUSANDS) AT SEPT. 30, 2022 QUOTED PRICES IN ACTIVE MARKETS SIGNIFICANT SIGNIFICANT AT DEC. 31, 2021 QUOTED PRICES SIGNIFICANT SIGNIFICANT Asset description Money market funds $ 151,637 $ 151,637 $ — $ — $ 82,411 $ 82,411 $ — $ — FTRs 5,195 — — 5,195 5,515 — — 5,515 Total assets $ 156,832 $ 151,637 $ — $ 5,195 $ 87,926 $ 82,411 $ — $ 5,515 Liability description FTRs $ 457 $ — $ — $ 457 $ 597 $ — $ — $ 597 Total liabilities* $ 457 $ — $ — $ 457 $ 597 $ — $ — $ 597 * Cleco Power entered into natural gas derivatives during the three months ended September 30, 2022. Natural gas derivatives include swap transactions. Cleco Power had a current liability for natural gas derivatives at September 30, 2022, of less than $0.1 million.
Net Changes in Net Fair Value of FTR Assets and Liabilities Classified as Level 3	Cleco Power FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Beginning balance $ 10,138 $ 5,990 $ 4,918 $ 3,216 Unrealized (losses) gains* (1,363) 1,196 189 545 Purchases 168 619 7,037 9,236 Settlements (4,205) (3,107) (7,406) (8,299) Ending balance $ 4,738 $ 4,698 $ 4,738 $ 4,698 * Unrealized gains (losses) are reported through Accumulated deferred fuel on Cleco Power’s Condensed Consolidated Balance Sheet.
Significant Unobservable Inputs Used in Developing Fair Value of Level 3 Positions	Cleco Power FAIR VALUE VALUATION TECHNIQUE SIGNIFICANT UNOBSERVABLE INPUTS FORWARD PRICE RANGE (THOUSANDS, EXCEPT FORWARD PRICE RANGE) ASSETS LIABILITIES LOW HIGH FTRs at Sept. 30, 2022 $ 5,195 $ 457 RTO auction pricing FTR price - per MWh $ (6.64) $ 18.50 FTRs at Dec. 31, 2021 $ 5,515 $ 597 RTO auction pricing FTR price - per MWh $ (4.91) $ 9.25
Institutional Money Market Funds	Cleco Power (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Cash and cash equivalents $ 28,113 $ 82,411 Current restricted cash and cash equivalents $ 14,902 $ — Non-current restricted cash and cash equivalents $ 108,622 $ —
Fair Value of Derivative Instruments as Recorded in Condensed Consolidated Balance Sheets	Cleco Power DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS (THOUSANDS) BALANCE SHEET LINE ITEM AT SEPT. 30, 2022 AT DEC. 31, 2021 Commodity-related contracts FTRs Current Energy risk management assets $ 5,195 $ 5,515 Current Energy risk management liabilities (457) (597) Commodity-related contracts, net* $ 4,738 $ 4,918 * Cleco Power entered into natural gas derivatives during the three months ended September 30, 2022. Cleco Power had a current liability for natural gas derivatives at September 30, 2022, of less than $0.1 million. Cleco Power TOTAL VOLUME OUTSTANDING (THOUSAND) UNIT OF MEASURE AT SEPT. 30, 2022 AT DEC. 31, 2021 Commodity-related contracts FTRs MWh 14,642 8,899 Natural gas derivatives MMBtus 1,860 —
Amount of Gain (Loss) Recognized in Income on Derivatives	Cleco Power AMOUNT OF GAIN(LOSS) ON DERIVATIVES RECOGNIZED IN INCOME FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) INCOME STATEMENT LINE ITEM 2022 2021 2022 2021 Commodity-related contracts FTRs (1) Electric operations $ 5,297 $ 1,959 $ 12,960 $ 11,167 FTRs (1) Purchased power $ (2,575) $ (822) $ (5,658) $ (9,236) Total (2) $ 2,722 $ 1,137 $ 7,302 $ 1,931 (1) For the three and nine months ended September 30, 2022, unrealized (losses) gains associated with FTRs of $(1.4) million and $0.2 million, respectively, were reported through Accumulated deferred fuel on the balance sheet. For the three and nine months ended September 30, 2021, unrealized gains associated with FTRs of $1.2 million and $0.5 million, respectively, were reported through Accumulated deferred fuel on the balance sheet. (2) Cleco Power entered into natural gas derivatives during the three months ended September 30, 2022, and unrealized losses associated with natural gas derivatives of less than $0.1 million were reported through Accumulated deferred fuel on the balance sheet.

Pension Plan and Employee Ben_2

Pension Plan and Employee Benefits (Tables)	9 Months Ended
	Sep. 30, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net Periodic Pension and Other Benefits Cost	The components of net periodic pension and Other Benefits cost for the three and nine months ended September 30, 2022, and 2021 were as follows: PENSION BENEFITS OTHER BENEFITS FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE THREE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Components of periodic benefit costs Service cost $ 2,146 $ 2,629 $ 551 $ 629 Interest cost 4,960 4,667 371 317 Expected return on plan assets (6,177) (5,700) — — Amortizations Net loss 3,084 5,184 303 373 Net periodic benefit cost $ 4,013 $ 6,780 $ 1,225 $ 1,319 Special/contractual termination benefits — 3,270 — — Total benefit cost $ 4,013 $ 10,050 $ 1,225 $ 1,319 PENSION BENEFITS OTHER BENEFITS FOR THE NINE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Components of periodic benefit costs Service cost $ 6,439 $ 7,887 $ 1,653 $ 1,819 Interest cost 14,881 14,001 1,113 962 Expected return on plan assets (18,531) (17,101) — — Amortizations Net loss 9,251 15,553 908 1,143 Net periodic benefit cost $ 12,040 $ 20,340 $ 3,674 $ 3,924 Special/contractual termination benefits — 3,270 — — Total benefit cost $ 12,040 $ 23,610 $ 3,674 $ 3,924 FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Components of periodic benefit costs Service cost $ 57 $ 59 $ 170 $ 174 Interest cost 670 634 2,009 1,903 Amortizations Prior period service credit (54) (54) (161) (161) Net loss 262 307 787 921 Net periodic benefit cost $ 935 $ 946 $ 2,805 $ 2,837
Current and Non-Current Portions of Other Benefits Liability	The current and non-current portions of the Other Benefits liability for Cleco and Cleco Power at September 30, 2022, and December 31, 2021, were as follows: Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current $ 5,181 $ 5,181 Non-current $ 48,829 $ 50,093 Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current $ 4,654 $ 4,654 Non-current $ 86,210 $ 88,523
Expense of the 401(k) Plan	Cleco’s 401(k) Plan expense for the three and nine months ended September 30, 2022, and 2021 was as follows: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS (THOUSANDS) 2022 2021 2022 2021 401(k) Plan expense $ 2,180 $ 2,512 $ 6,602 $ 7,391 FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS (THOUSANDS) 2022 2021 2022 2021 401(k) Plan expense $ 985 $ 1,185 $ 3,154 $ 3,511
CLECO POWER
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Current and Non-Current Portions of Other Benefits Liability	Cleco Power (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current $ 4,432 $ 4,432 Non-current $ 38,344 $ 39,315 Cleco Power (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Current $ 679 $ 679 Non-current $ 12,546 $ 12,909

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2022
Effective Income Tax Rate [Line Items]
Effective Income Tax Rates	The following tables summarize the effective income tax rates for Cleco and Cleco Power for the three and nine months ended September 30, 2022, and 2021 : Cleco FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS 2022 2021 2022 2021 Effective tax rate 7.6 % 20.3 % 11.6 % 12.4 %
CLECO POWER
Effective Income Tax Rate [Line Items]
Effective Income Tax Rates	Cleco Power FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS 2022 2021 2022 2021 Effective tax rate 4.4 % 1.0 % 4.1 % (0.2) %

Disclosures about Segments (Tab

Disclosures about Segments (Tables)	9 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information for the Three Months Ended Sept. 30, 2022 (THOUSANDS) CLECO POWER CLECO CAJUN TOTAL SEGMENTS Revenue Electric operations $ 481,153 $ 140,767 $ 621,920 Other operations 24,757 39,573 64,330 Affiliate revenue 1,657 — 1,657 Electric customer credits (6,728) — (6,728) Operating revenue, net $ 500,839 $ 180,340 $ 681,179 Net income $ 40,733 $ 39,741 $ 80,474 Add: Depreciation and amortization 44,368 13,336 (1) 57,704 Less: Interest income 1,726 472 2,198 Add: Interest charges 23,840 219 24,059 Add: Federal and state income tax expense 1,862 14,461 16,323 EBITDA $ 109,077 $ 67,285 $ 176,362 (1) Includes $3.6 million of amortization of intangible assets and liabilities related to wholesale power supply agreements and $(2.3) million of deferred lease revenue amortization as a result of the Cleco Cajun Transaction. 2022 (THOUSANDS) TOTAL SEGMENTS OTHER ELIMINATIONS TOTAL Revenue Electric operations $ 621,920 $ (2,420) $ — $ 619,500 Other operations 64,330 1 (2,560) 61,771 Affiliate revenue 1,657 29,583 (31,240) — Electric customer credits (6,728) — — (6,728) Operating revenue, net $ 681,179 $ 27,164 $ (33,800) $ 674,543 Depreciation and amortization $ 57,704 $ 4,375 (1) $ — $ 62,079 Interest income $ 2,198 $ 58 $ (18) $ 2,238 Interest charges $ 24,059 $ 15,850 $ (19) $ 39,890 Federal and state income tax expense (benefit) $ 16,323 $ (10,712) $ — $ 5,611 Net income (loss) $ 80,474 $ (12,103) $ 1 $ 68,372 (1) Includes $2.4 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger. 2021 (THOUSANDS) CLECO POWER CLECO CAJUN TOTAL SEGMENTS Revenue Electric operations $ 357,084 $ 107,500 $ 464,584 Other operations 22,779 35,158 57,937 Affiliate revenue 1,380 — 1,380 Electric customer credits (691) — (691) Operating revenue, net $ 380,552 $ 142,658 $ 523,210 Net income $ 56,561 $ 86,744 $ 143,305 Add: Depreciation and amortization 43,526 12,623 (1) 56,149 Less: Interest income 936 4 940 Add: Interest charges 18,509 1,117 19,626 Add: Federal and state income tax expense 548 29,888 30,436 EBITDA $ 118,208 $ 130,368 $ 248,576 (1) Includes $3.6 million of amortization of intangible assets and liabilities related to wholesale power supply agreements and $(2.3) million of deferred lease revenue amortization as a result of the Cleco Cajun Transaction. 2021 (THOUSANDS) TOTAL SEGMENTS OTHER ELIMINATIONS TOTAL Revenue Electric operations $ 464,584 $ (2,420) $ — $ 462,164 Other operations 57,937 1 (2,217) 55,721 Affiliate revenue 1,380 32,116 (33,496) — Electric customer credits (691) — — (691) Operating revenue, net $ 523,210 $ 29,697 $ (35,713) $ 517,194 Depreciation and amortization $ 56,149 $ 8,189 (1) $ — $ 64,338 Interest income $ 940 $ 43 $ (42) $ 941 Interest charges $ 19,626 $ 15,044 $ (41) $ 34,629 Federal and state income tax expense (benefit) $ 30,436 $ 133 $ — $ 30,569 Net income (loss) $ 143,305 $ (23,396) $ 1 $ 119,910 (1) Includes $2.4 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger. Segment Information for the Nine Months Ended Sept. 30, 2022 (THOUSANDS) CLECO POWER CLECO CAJUN TOTAL SEGMENTS Revenue Electric operations $ 1,145,864 $ 370,489 $ 1,516,353 Other operations 62,528 111,897 174,425 Affiliate revenue 4,744 — 4,744 Electric customer credits (6,992) — (6,992) Operating revenue, net $ 1,206,144 $ 482,386 $ 1,688,530 Net income $ 134,462 $ 132,190 $ 266,652 Add: Depreciation and amortization 133,907 59,734 (2) 193,641 Less: Interest income 3,501 661 4,162 Add: Interest charges 63,947 253 64,200 Add: Federal and state income tax expense 5,800 47,136 52,936 EBITDA $ 334,615 $ 238,652 $ 573,267 Additions to property, plant, and equipment $ 139,726 $ 4,844 $ 144,570 Equity investment in investees (1) $ 2,072 $ — $ 2,072 Goodwill (1) $ 1,490,797 $ — $ 1,490,797 Total segment assets (1) $ 6,950,548 $ 1,110,338 $ 8,060,886 (1) Balances as of September 30, 2022. (2) Includes $10.8 million of amortization of intangible assets and liabilities related to wholesale power supply agreements and $(6.9) million of deferred lease revenue amortization as a result of the Cleco Cajun Transaction. 2022 (THOUSANDS) TOTAL SEGMENTS OTHER ELIMINATIONS TOTAL Revenue Electric operations $ 1,516,353 $ (7,260) $ — $ 1,509,093 Other operations 174,425 5 (7,388) 167,042 Affiliate revenue 4,744 82,728 (87,472) — Electric customer credits (6,992) — — (6,992) Operating revenue, net $ 1,688,530 $ 75,473 $ (94,860) $ 1,669,143 Depreciation and amortization $ 193,641 $ 13,127 (2) $ (1) $ 206,767 Interest income $ 4,162 $ 141 $ (67) $ 4,236 Interest charges $ 64,200 $ 45,684 $ (66) $ 109,818 Federal and state income tax expense (benefit) $ 52,936 $ (23,384) $ (1) $ 29,551 Net income (loss) $ 266,652 $ (41,173) $ — $ 225,479 Additions to property, plant, and equipment $ 144,570 $ 944 $ — $ 145,514 Equity investment in investees (1) $ 2,072 $ (305,348) $ 305,348 $ 2,072 Goodwill (1) $ 1,490,797 $ — $ — $ 1,490,797 Total segment assets (1) $ 8,060,886 $ 248,847 $ 174,788 $ 8,484,521 (1) Balances as of September 30, 2022. (2) Includes $7.3 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger. 2021 (THOUSANDS) CLECO POWER CLECO CAJUN TOTAL SEGMENTS Revenue Electric operations $ 887,191 $ 300,415 $ 1,187,606 Other operations 57,674 98,851 156,525 Affiliate revenue 4,259 — 4,259 Electric customer credits (40,429) 244 (40,185) Operating revenue, net $ 908,695 $ 399,510 $ 1,308,205 Net income $ 102,407 $ 153,719 $ 256,126 Add: Depreciation and amortization 126,534 36,614 (2) 163,148 Less: Interest income 2,404 10 2,414 Add: Interest charges 55,392 786 56,178 Add: Federal and state income tax (benefit) expense (219) 52,561 52,342 EBITDA $ 281,710 $ 243,670 $ 525,380 Additions to property, plant, and equipment $ 200,237 $ 5,904 $ 206,141 Equity investment in investees (1) $ 2,072 $ — $ 2,072 Goodwill (1) $ 1,490,797 $ — $ 1,490,797 Total segment assets (1) $ 6,620,298 $ 1,104,090 $ 7,724,388 (1) Balances as of December 31, 2021. (2) Includes $10.0 million of amortization of intangible assets and liabilities related to wholesale power supply agreements and $(6.9) million deferred lease revenue amortization as a result of the Cleco Cajun Transaction. 2021 ( THOUSANDS) TOTAL SEGMENTS OTHER ELIMINATIONS TOTAL Revenue Electric operations $ 1,187,606 $ (7,260) $ (1) $ 1,180,345 Other operations 156,525 4 (5,752) 150,777 Affiliate revenue 4,259 85,392 (89,651) — Electric customer credits (40,185) — — (40,185) Operating revenue, net $ 1,308,205 $ 78,136 $ (95,404) $ 1,290,937 Depreciation and amortization $ 163,148 $ 17,052 (2) $ (1) $ 180,199 Interest income $ 2,414 $ 100 $ (98) $ 2,416 Interest charges $ 56,178 $ 45,732 $ (98) $ 101,812 Federal and state income tax expense (benefit) $ 52,342 $ (21,357) $ — $ 30,985 Net income (loss) $ 256,126 $ (37,068) $ 1 $ 219,059 Additions to property, plant, and equipment $ 206,141 $ 1,116 $ — $ 207,257 Equity investment in investees (1) $ 2,072 $ (46,901) $ 46,901 $ 2,072 Goodwill (1) $ 1,490,797 $ — $ — $ 1,490,797 Total segment assets (1) $ 7,724,388 $ 619,101 $ (218,471) $ 8,125,018 (1) Balances as of December 31, 2021. (2) Includes $7.3 million of amortization of intangible assets related to Cleco Power’s wholesale power supply agreements as a result of the 2016 Merger. FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Net income $ 68,372 $ 119,910 $ 225,479 $ 219,059 Add: Depreciation and amortization 62,079 64,338 206,767 180,199 Less: Interest income 2,238 941 4,236 2,416 Add: Interest charges 39,890 34,629 109,818 101,812 Add: Federal and state income tax expense 5,611 30,569 29,551 30,985 Add: Other corporate costs and noncash items (1) 2,648 71 5,888 (4,259) Total segment EBITDA $ 176,362 $ 248,576 $ 573,267 $ 525,380 (1) Adjustments made for Other and Elimination totals not allocated to total segment EBITDA.

Regulation and Rates (Tables)

Regulation and Rates (Tables)	9 Months Ended
	Sep. 30, 2022
Regulated Operations [Abstract]
Schedule of Provision of Rate Refund	Provision for rate refund on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets consisted primarily of the following: (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Cleco Katrina/Rita storm recovery charges $ — $ 1,611 FRP $ 95 $ 1,229 Site-specific industrial customer $ 752 $ 833 St. Mary Clean Energy Center $ 10,400 $ — TCJA $ 2,057 $ 2,057

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 30, 2022
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The following table summarizes the impact of Cleco Securitization I on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets: (THOUSANDS) AT SEPT. 30, 2022 Restricted cash - current $ 5,552 Accounts Receivable - affiliate $ 3,724 Intangible asset - securitization $ 415,946 Long-term debt due within one year $ 9,574 Accounts Payable - affiliate $ 85 Interest accrued $ 5,213 Long-term debt, net $ 408,622 Member’s equity $ 1,728 The following table summarizes the impact of Cleco Securitization I on Cleco’s and Cleco Power’s Condensed Consolidated Statements of Income: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Operating revenue $ 5,025 $ — $ 5,025 $ — Operating expenses 90 — 90 — Interest income 10 — 10 — Interest charges, net 4,861 — 5,342 — Income before taxes $ 84 $ — $ (397) $ —
CLECO POWER
Variable Interest Entity [Line Items]
Schedule of Variable Interest Entities	The following table summarizes the impact of Cleco Securitization I on Cleco’s and Cleco Power’s Condensed Consolidated Balance Sheets: (THOUSANDS) AT SEPT. 30, 2022 Restricted cash - current $ 5,552 Accounts Receivable - affiliate $ 3,724 Intangible asset - securitization $ 415,946 Long-term debt due within one year $ 9,574 Accounts Payable - affiliate $ 85 Interest accrued $ 5,213 Long-term debt, net $ 408,622 Member’s equity $ 1,728 The following table summarizes the impact of Cleco Securitization I on Cleco’s and Cleco Power’s Condensed Consolidated Statements of Income: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Operating revenue $ 5,025 $ — $ 5,025 $ — Operating expenses 90 — 90 — Interest income 10 — 10 — Interest charges, net 4,861 — 5,342 — Income before taxes $ 84 $ — $ (397) $ — The following table compares the carrying amount of Oxbow’s assets and liabilities with Cleco Power’s maximum exposure to loss related to its investment in Oxbow: (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Oxbow’s net assets/liabilities $ 4,145 $ 4,145 Cleco Power’s 50% equity $ 2,072 $ 2,072 Cleco Power’s maximum exposure to loss $ 2,072 $ 2,072
Equity Method Investments	The following table presents the components of Cleco Power’s equity investment in Oxbow: INCEPTION TO DATE (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Purchase price $ 12,873 $ 12,873 Cash contributions 6,399 6,399 Distributions (17,200) (17,200) Total equity investment in investee $ 2,072 $ 2,072 The following table contains summarized financial information for Oxbow: FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Operating revenue $ 65 $ 1,486 $ 215 $ 5,113 Operating expenses 65 1,486 215 5,113 Income before taxes $ — $ — $ — $ —

Affiliate Transactions (Tables)

Affiliate Transactions (Tables)	9 Months Ended
	Sep. 30, 2022
CLECO POWER
Related Party Transaction [Line Items]
Summary of Balances Payable To or Due From Affiliates	The following table is a summary of those balances: AT SEPT. 30, 2022 AT DEC. 31, 2021 (THOUSANDS) ACCOUNTS ACCOUNTS ACCOUNTS ACCOUNTS Cleco Holdings $ 8 $ 1,029 $ 10,347 $ 59,627 Support Group 1,255 9,806 2,473 10,038 Cleco Cajun 1,223 2 792 64 Total $ 2,486 $ 10,837 $ 13,612 $ 69,729

Intangible Assets, Intangible_2

Intangible Assets, Intangible Liabilities, and Goodwill (Tables)	9 Months Ended
	Sep. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Schedule of Amortization of Intangible Assets and Liabilities	The following table presents Cleco’s amortization of other intangible assets and liabilities included in its Condensed Consolidated Income Statements: Cleco FOR THE THREE MONTHS ENDED SEPT. 30, FOR THE NINE MONTHS ENDED SEPT. 30, (THOUSANDS) 2022 2021 2022 2021 Intangible assets Trade name $ — $ 3,770 $ — $ 3,897 Power supply agreements $ 6,400 $ 6,400 $ 19,200 $ 19,200 Intangible liabilities LTSA $ 871 $ 871 $ 2,613 $ 2,613 Power supply agreements $ 389 $ 389 $ 1,168 $ 1,989
Schedule of Finite-Lived Intangible Assets and Liabilities	The following table summarizes the balance of other intangible assets and liabilities subject to amortization for Cleco included in its Condensed Consolidated Balance Sheets: Cleco (THOUSANDS) AT SEPT. 30, 2022 AT DEC. 31, 2021 Intangible assets Power supply agreements $ 184,004 $ 184,004 Total intangible assets carrying amount 184,004 184,004 Intangible liabilities LTSA 24,100 24,100 Power supply agreements 14,200 14,200 Total intangible liability carrying amount 38,300 38,300 Net intangible assets carrying amount 145,704 145,704 Accumulated amortization (97,885) (82,466) Net intangible assets subject to amortization $ 47,819 $ 63,238

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2022
Accumulated Other Comprehensive Loss [Line Items]
Schedule of Accumulated Other Comprehensive Income Loss	The components of accumulated other comprehensive loss are summarized in the following tables for Cleco and Cleco Power. All amounts are reported net of income taxes. Amounts in parentheses indicate debits. Cleco FOR THE THREE MONTHS ENDED SEPT. 30, 2022 FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) POSTRETIREMENT BENEFIT NET LOSS Balance, beginning of period $ (23,608) $ (23,629) Amounts reclassified from AOCI Amortization of postretirement benefit net loss 10 31 Balance, Sept. 30, 2022 $ (23,598) $ (23,598) FOR THE THREE MONTHS ENDED SEPT. 30, 2021 FOR THE NINE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) POSTRETIREMENT BENEFIT NET LOSS Balance, beginning of period $ (25,588) $ (25,796) Amounts reclassified from AOCI Amortization of postretirement benefit net loss 96 304 Balance, Sept. 30, 2021 $ (25,492) $ (25,492)
CLECO POWER
Accumulated Other Comprehensive Loss [Line Items]
Schedule of Accumulated Other Comprehensive Income Loss	Cleco Power FOR THE THREE MONTHS ENDED SEPT. 30, 2022 FOR THE NINE MONTHS ENDED SEPT. 30, 2022 (THOUSANDS) POSTRETIREMENT NET LOSS TOTAL AOCI POSTRETIREMENT NET LOSS TOTAL AOCI Balances, beginning of period $ (12,272) $ (5,172) $ (17,444) $ (12,885) $ (5,298) $ (18,183) Amounts reclassified from AOCI Amortization of postretirement benefit net loss 307 — 307 920 — 920 Reclassification of net loss to interest charges — 63 63 — 189 189 Balances, Sept. 30, 2022 $ (11,965) $ (5,109) $ (17,074) $ (11,965) $ (5,109) $ (17,074) FOR THE THREE MONTHS ENDED SEPT. 30, 2021 FOR THE NINE MONTHS ENDED SEPT. 30, 2021 (THOUSANDS) POSTRETIREMENT NET LOSS TOTAL AOCI POSTRETIREMENT NET LOSS TOTAL AOCI Balances, beginning of period $ (18,394) $ (5,486) $ (23,880) $ (19,139) $ (5,614) $ (24,753) Amounts reclassified from AOCI Amortization of postretirement benefit net loss 350 — 350 1,095 — 1,095 Reclassification of net loss to interest charges — 63 63 — 191 191 Balances, Sept. 30, 2021 $ (18,044) $ (5,423) $ (23,467) $ (18,044) $ (5,423) $ (23,467)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) - CLECO POWER - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Regulatory Assets [Line Items]
Regulatory assets	$ 675,386	$ 759,165
COVID-19 executive order
Regulatory Assets [Line Items]
Regulatory assets	$ 2,953	$ 2,953

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Restricted Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	1 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Restricted Cash and Cash Equivalents Items [Line Items]
Current	$ 14,902	$ 1,674
Non-current	109,373	745
Total restricted cash and cash equivalents	124,275	2,419
CLECO POWER
Restricted Cash and Cash Equivalents Items [Line Items]
Current	14,902	1,674
Non-current	108,623	0
Total restricted cash and cash equivalents	123,525	1,674
Cleco Katrina/Rita storm recovery surcharge
Restricted Cash and Cash Equivalents Items [Line Items]
Current	0	1,674
Cleco Katrina/Rita storm recovery surcharge | CLECO POWER
Restricted Cash and Cash Equivalents Items [Line Items]
Current	0	1,674
Customer refund payments	1,600
Cleco Power’s storm restoration costs - Hurricane Ida
Restricted Cash and Cash Equivalents Items [Line Items]
Current	9,350	0
Non-current	6,037	0
Cleco Power’s storm restoration costs - Hurricane Ida | CLECO POWER
Restricted Cash and Cash Equivalents Items [Line Items]
Current	9,350	0
Non-current	6,037	0
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs and debt service
Restricted Cash and Cash Equivalents Items [Line Items]
Current	5,552	0
Cleco Securitization I’s operating expenses and storm recovery bond issuance costs and debt service | CLECO POWER
Restricted Cash and Cash Equivalents Items [Line Items]
Current	5,552	0
Diversified Lands’ mitigation escrow
Restricted Cash and Cash Equivalents Items [Line Items]
Non-current	22	22
Cleco Cajun’s defense fund
Restricted Cash and Cash Equivalents Items [Line Items]
Non-current	728	723
Future storm restoration costs
Restricted Cash and Cash Equivalents Items [Line Items]
Non-current	102,586	0
Future storm restoration costs | CLECO POWER
Restricted Cash and Cash Equivalents Items [Line Items]
Non-current	$ 102,586	$ 0

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Changes in Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable, Allowance for Credit Loss [Line Items]
Receivable, threshold period past due	20 days		20 days
ACCOUNTS RECEIVABLE
Accounts receivable, beginning balance	$ 1,190	$ 1,334	$ 1,302	$ 2,758
Current period provision	939	567	2,149	3,057
Charge-offs	(894)	(730)	(2,899)	(5,172)
Recovery	263	586	946	1,114
Accounts receivable, ending balance	1,498	1,757	1,498	1,757
OTHER
Other, beginning balance	1,638	1,638	1,638	1,638
Current period provision	0	0	0	0
Charge-offs	0	0	0	0
Recovery	0	0	0	0
Other, ending balance	1,638	1,638	1,638	1,638
TOTAL
Total, beginning balance	2,828	2,972	2,940	4,396
Current period provision	939	567	2,149	3,057
Charge-offs	(894)	(730)	(2,899)	(5,172)
Recovery	263	586	946	1,114
Total, ending balance	3,136	3,395	3,136	3,395
CLECO POWER
ACCOUNTS RECEIVABLE
Accounts receivable, beginning balance	1,190	1,334	1,302	2,758
Current period provision	939	567	2,149	3,057
Charge-offs	(894)	(730)	(2,899)	(5,172)
Recovery	263	586	946	1,114
Accounts receivable, ending balance	$ 1,498	$ 1,757	$ 1,498	$ 1,757

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	Sep. 30, 2022 USD ($)
Cottonwood Energy
Lessor, Lease, Description [Line Items]
Fixed lease payments per year	$ 40

Leases - Lease Income Under Cot

Leases - Lease Income Under Cottonwood Sale Leaseback (Details) - Cleco Cajun - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Lessor, Lease, Description [Line Items]
Fixed payments	$ 10,000	$ 10,000	$ 30,000	$ 30,000
Variable payments	6,244	4,938	17,657	15,413
Amortization of deferred lease liability	2,301	2,301	6,904	6,904
Total lease income	$ 18,545	$ 17,239	$ 54,561	$ 52,317

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) $ in Millions	Sep. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unsatisfied performance obligations	$ 232.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01 | Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unsatisfied performance obligation durations	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01 | Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unsatisfied performance obligation durations	12 years

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 650,682	$ 498,845	$ 1,601,808	$ 1,228,618
Revenue unrelated to contracts with customers
Other	23,861	18,349	67,335	62,319
Total revenue unrelated to contracts with customers	23,861	18,349	67,335	62,319
Operating revenue, net	674,543	517,194	1,669,143	1,290,937
Electric customer credits	6,728	691	6,992	40,185
Deferred lease amortization			6,904	6,904
Total retail revenue
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	371,195	280,394	880,925	653,675
Residential
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	190,023	148,522	434,259	348,918
Commercial
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	113,176	82,711	274,046	214,129
Industrial
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	64,486	45,446	160,948	119,497
Other retail
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	5,213	4,479	13,639	11,925
Storm recovery surcharge
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	5,025		5,025
Electric customer credits
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(6,728)	(764)	(6,992)	(40,794)
Wholesale, net
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	236,280	179,912	608,460	475,924
Transmission, net
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	37,113	32,921	96,137	85,511
Other
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	6,094	5,618	16,286	13,508
Affiliate
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OPERATING SEGMENTS
Revenue unrelated to contracts with customers
Operating revenue, net	681,179	523,210	1,688,530	1,308,205
Electric customer credits	6,728	691	6,992	40,185
OPERATING SEGMENTS | CLECO POWER
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	495,543	379,458	1,193,429	898,742
Revenue unrelated to contracts with customers
Other	5,296	1,094	12,715	9,953
Total revenue unrelated to contracts with customers	5,296	1,094	12,715	9,953
Operating revenue, net	500,839	380,552	1,206,144	908,695
Electric customer credits	6,728	691	6,992	40,429
OPERATING SEGMENTS | CLECO POWER | Total retail revenue
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	371,195	280,394	880,925	653,675
OPERATING SEGMENTS | CLECO POWER | Residential
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	190,023	148,522	434,259	348,918
OPERATING SEGMENTS | CLECO POWER | Commercial
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	113,176	82,711	274,046	214,129
OPERATING SEGMENTS | CLECO POWER | Industrial
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	64,486	45,446	160,948	119,497
OPERATING SEGMENTS | CLECO POWER | Other retail
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	5,213	4,479	13,639	11,925
OPERATING SEGMENTS | CLECO POWER | Storm recovery surcharge
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	5,025		5,025
OPERATING SEGMENTS | CLECO POWER | Electric customer credits
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(6,728)	(764)	(6,992)	(40,794)
OPERATING SEGMENTS | CLECO POWER | Wholesale, net
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	97,933	74,831	245,231	182,769
OPERATING SEGMENTS | CLECO POWER | Transmission, net
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	18,664	17,235	46,244	44,530
Revenue unrelated to contracts with customers
Electric customer credits		100		400
OPERATING SEGMENTS | CLECO POWER | Other
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	6,094	5,618	16,285	13,509
OPERATING SEGMENTS | CLECO POWER | Affiliate
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	1,657	1,380	4,744	4,259
OPERATING SEGMENTS | CLECO CAJUN
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	161,776	125,404	427,770	347,148
Revenue unrelated to contracts with customers
Other	18,564	17,254	54,616	52,362
Total revenue unrelated to contracts with customers	18,564	17,254	54,616	52,362
Operating revenue, net	180,340	142,658	482,386	399,510
Electric customer credits	0	0	0	(244)
Lease revenue	16,200	14,900	47,700	45,400
Deferred lease amortization	2,300	2,300	6,900	6,900
OPERATING SEGMENTS | CLECO CAJUN | Total retail revenue
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OPERATING SEGMENTS | CLECO CAJUN | Residential
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OPERATING SEGMENTS | CLECO CAJUN | Commercial
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OPERATING SEGMENTS | CLECO CAJUN | Industrial
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OPERATING SEGMENTS | CLECO CAJUN | Other retail
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OPERATING SEGMENTS | CLECO CAJUN | Storm recovery surcharge
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0		0
OPERATING SEGMENTS | CLECO CAJUN | Electric customer credits
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OPERATING SEGMENTS | CLECO CAJUN | Wholesale, net
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	140,767	107,501	370,489	300,415
Revenue unrelated to contracts with customers
Contract with customer, amortization	(3,600)	(3,600)	(10,800)	(10,000)
OPERATING SEGMENTS | CLECO CAJUN | Transmission, net
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	21,009	17,903	57,281	46,733
Revenue unrelated to contracts with customers
Electric customer credits				200
OPERATING SEGMENTS | CLECO CAJUN | Other
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OPERATING SEGMENTS | CLECO CAJUN | Affiliate
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OTHER
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	27,163	29,696	75,469	78,132
Revenue unrelated to contracts with customers
Other	1	1	4	4
Total revenue unrelated to contracts with customers	1	1	4	4
Operating revenue, net	27,164	29,697	75,473	78,136
Electric customer credits	0	0	0	0
OTHER | Total retail revenue
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OTHER | Residential
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OTHER | Commercial
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OTHER | Industrial
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OTHER | Other retail
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OTHER | Storm recovery surcharge
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0		0
OTHER | Electric customer credits
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OTHER | Wholesale, net
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(2,420)	(2,420)	(7,260)	(7,260)
OTHER | Transmission, net
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
OTHER | Other
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	1	0
OTHER | Affiliate
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	29,583	32,116	82,728	85,392
ELIMINATIONS
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(33,800)	(35,713)	(94,860)	(95,404)
Revenue unrelated to contracts with customers
Other	0	0	0	0
Total revenue unrelated to contracts with customers	0	0	0	0
Operating revenue, net	(33,800)	(35,713)	(94,860)	(95,404)
Electric customer credits	0	0	0	0
ELIMINATIONS | Total retail revenue
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
ELIMINATIONS | Residential
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
ELIMINATIONS | Commercial
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
ELIMINATIONS | Industrial
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
ELIMINATIONS | Other retail
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
ELIMINATIONS | Storm recovery surcharge
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0		0
ELIMINATIONS | Electric customer credits
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
ELIMINATIONS | Wholesale, net
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	0
ELIMINATIONS | Transmission, net
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	(2,560)	(2,217)	(7,388)	(5,752)
ELIMINATIONS | Other
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	0	0	0	(1)
ELIMINATIONS | Affiliate
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ (31,240)	$ (33,496)	$ (87,472)	$ (89,651)

Regulatory Assets and Liabili_3

Regulatory Assets and Liabilities - Schedule of Regulatory Assets and Liabilities (Details) - USD ($) $ in Thousands		9 Months Ended
	Jul. 01, 2022	Sep. 30, 2022	Dec. 31, 2021
Regulatory Assets [Line Items]
Total regulatory assets, net		$ 638,478	$ 801,363
Financing costs
Regulatory Assets [Line Items]
Regulatory assets		6,990	7,248
Postretirement costs
Regulatory Assets [Line Items]
Regulatory assets		11,933	13,424
Fair value of long-term debt
Regulatory Assets [Line Items]
Regulatory assets		106,599	112,150
Debt issuance costs
Regulatory Assets [Line Items]
Regulatory assets		4,671	4,920
CLECO POWER
Regulatory Assets [Line Items]
Regulatory assets		675,386	759,165
Regulatory liabilities		(167,101)	(95,544)
Total regulatory assets, net		508,285	663,621
CLECO POWER | Acquisition/ transaction costs
Regulatory Assets [Line Items]
Regulatory assets		$ 1,834	1,913
Regulatory asset, amortization period		17 years 3 months
CLECO POWER | Acquisition/ transaction costs | Coughlin transaction costs
Regulatory Assets [Line Items]
Regulatory assets		$ 823	845
Regulatory asset, amortization period		26 years 9 months
CLECO POWER | Accumulated deferred fuel
Regulatory Assets [Line Items]
Regulatory assets		$ 81,928	56,826
CLECO POWER | Affordability study
Regulatory Assets [Line Items]
Regulatory assets		$ 12,060	13,094
Regulatory asset, amortization period		8 years 9 months
CLECO POWER | AFUDC equity gross-up
Regulatory Assets [Line Items]
Regulatory assets		$ 64,251	66,574
CLECO POWER | AMI deferred revenue requirement
Regulatory Assets [Line Items]
Regulatory assets		$ 1,636	2,045
Regulatory asset, amortization period		3 years 6 months
CLECO POWER | AROs
Regulatory Assets [Line Items]
Regulatory assets		$ 16,653	15,141
CLECO POWER | Bayou Vista to Segura deferred revenue requirement
Regulatory Assets [Line Items]
Regulatory assets		$ 3,765	1,392
Regulatory asset, amortization period		9 months
CLECO POWER | COVID-19 executive order
Regulatory Assets [Line Items]
Regulatory assets		$ 2,953	2,953
CLECO POWER | Deferred storm restoration costs - Hurricane Delta
Regulatory Assets [Line Items]
Regulatory assets		21	17,113
CLECO POWER | Deferred storm restoration costs - Hurricane Ida
Regulatory Assets [Line Items]
Regulatory assets		9,350	37,617
CLECO POWER | Deferred storm restoration costs - Hurricane Laura
Regulatory Assets [Line Items]
Regulatory assets		90	54,282
CLECO POWER | Deferred storm restoration costs - Hurricane Zeta
Regulatory Assets [Line Items]
Regulatory assets		2	3,296
CLECO POWER | Deferred storm restoration costs - Winter Storms Uri & Viola
Regulatory Assets [Line Items]
Regulatory assets		0	1,912
CLECO POWER | Station closure costs | Dolet Hills
Regulatory Assets [Line Items]
Regulatory assets		147,021	145,844
CLECO POWER | Energy efficiency
Regulatory Assets [Line Items]
Regulatory assets		$ 588	1,645
Regulatory asset, amortization period		6 months
CLECO POWER | Financing costs
Regulatory Assets [Line Items]
Regulatory assets		$ 6,549	6,826
CLECO POWER | Interest costs
Regulatory Assets [Line Items]
Regulatory assets		3,272	3,459
CLECO POWER | Mine closure costs | Lignite Mine
Regulatory Assets [Line Items]
Regulatory assets		136,071	136,980
CLECO POWER | Madison Unit 3 property taxes
Regulatory Assets [Line Items]
Regulatory assets		13,028	8,362
Regulatory asset, amortization period	12 months
CLECO POWER | Non-service cost of postretirement benefits
Regulatory Assets [Line Items]
Regulatory assets		14,472	12,950
CLECO POWER | Other assets
Regulatory Assets [Line Items]
Regulatory assets		8,792	11,224
CLECO POWER | Postretirement costs
Regulatory Assets [Line Items]
Regulatory assets		108,524	117,773
CLECO POWER | Production operations and maintenance expenses
Regulatory Assets [Line Items]
Regulatory assets		$ 9,017	11,058
Regulatory asset, amortization period		3 years
CLECO POWER | Rodemacher Unit 2 deferred costs | Rodemacher Unit 2 deferred costs
Regulatory Assets [Line Items]
Regulatory assets		$ 11,210	6,931
CLECO POWER | St. Mary Clean Energy Center
Regulatory Assets [Line Items]
Regulatory assets		$ 8,607	6,089
Regulatory asset, amortization period		2 years 9 months
CLECO POWER | Training costs
Regulatory Assets [Line Items]
Regulatory assets		$ 5,813	5,929
Regulatory asset, amortization period		37 years 3 months
CLECO POWER | Tree trimming costs
Regulatory Assets [Line Items]
Regulatory assets		$ 7,056	9,092
Regulatory asset, amortization period		2 years 6 months
CLECO POWER | Deferred taxes, net
Regulatory Assets [Line Items]
Regulatory liabilities		$ (49,099)	(95,544)
CLECO POWER | Storm reserves
Regulatory Assets [Line Items]
Regulatory liabilities		$ (118,002)	$ 0

Regulatory Assets and Liabili_4

Regulatory Assets and Liabilities - Narrative (Details) $ in Thousands		24 Months Ended
	Jun. 22, 2022 USD ($)	Dec. 31, 2021 USD ($) storm hurricane	Oct. 01, 2022 USD ($)	Sep. 30, 2022 USD ($)	Sep. 21, 2022 USD ($)	Jul. 31, 2019 USD ($)
Regulatory Liabilities [Line Items]
Provision for rate refund		$ 5,682		$ 13,256
CLECO POWER
Regulatory Liabilities [Line Items]
Securitized storm restoration costs, reserve for future costs				102,600
Provision for rate refund		5,682		13,256		$ 79,200
Regulatory assets		759,165		675,386
CLECO POWER | St. Mary Clean Energy Center
Regulatory Liabilities [Line Items]
Regulatory assets		$ 6,089		8,607
CLECO POWER | St. Mary Clean Energy Center | LPSC
Regulatory Liabilities [Line Items]
Disallowed recovery costs					$ 15,000
Impairment of regulatory asset					13,800
Provision for rate refund				10,400	10,400
CLECO POWER | St. Mary Clean Energy Center, refund liability
Regulatory Liabilities [Line Items]
Regulatory assets				3,800
CLECO POWER | St. Mary Clean Energy Center, refund liability | LPSC
Regulatory Liabilities [Line Items]
Regulatory assets				3,800	$ 3,800
CLECO POWER | St. Mary Clean Energy Center, refund liability | Subsequent event
Regulatory Liabilities [Line Items]
Regulatory assets			$ 3,800
CLECO POWER | St. Mary Clean Energy Center, original revenue requirement
Regulatory Liabilities [Line Items]
Regulatory assets				4,800
CLECO POWER | Hurricanes
Regulatory Liabilities [Line Items]
Number of hurricanes | hurricane		4
Number of severe winter storms | storm		2
CLECO POWER | Deferred storm restoration costs - Hurricane Ida
Regulatory Liabilities [Line Items]
Securitized storm restoration costs, amount withdrawn	$ 79,600
Securitized storm restoration costs, reserve for future costs				15,400
Securitized storm restoration costs, reserve for future costs, current				$ 9,400

Fair Value Accounting and Fin_3

Fair Value Accounting and Financial Instruments - Carrying Value and Estimated Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred debt issuance costs not included in the carrying value of long-term debt	$ 16,900	$ 13,200
CLECO POWER
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Deferred debt issuance costs not included in the carrying value of long-term debt	12,600	7,900
CARRYING VALUE
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	3,577,030	3,482,405
CARRYING VALUE | CLECO POWER
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	1,920,431	1,820,254
FAIR VALUE
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	3,284,781	3,752,220
FAIR VALUE | CLECO POWER
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 1,864,342	$ 2,085,944

Fair Value Accounting and Fin_4

Fair Value Accounting and Financial Instruments - Fair Value of Financial Assets and Liabilities Measured On A Recurring Basis (Details) - Measured on a Recurring Basis - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Asset description
Money market funds	$ 218,259	$ 145,033
Total assets	390,462	239,474
Liability description
Total liabilities	4,959	834
CLECO POWER
Asset description
Money market funds	151,637	82,411
Total assets	156,832	87,926
Liability description
Total liabilities	457	597
FTRs
Asset description
Derivative assets	5,977	6,977
Liability description
Derivative liabilities	3,982	834
FTRs | CLECO POWER
Asset description
Derivative assets	5,195	5,515
Liability description
Derivative liabilities	457	597
Natural gas derivatives
Asset description
Derivative assets	166,226	87,464
Liability description
Derivative liabilities	977	0
Natural gas derivatives | CLECO POWER
Liability description
Derivative liabilities	100
QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1)
Asset description
Money market funds	218,259	145,033
Total assets	218,259	145,033
Liability description
Total liabilities	0	0
QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | CLECO POWER
Asset description
Money market funds	151,637	82,411
Total assets	151,637	82,411
Liability description
Total liabilities	0	0
QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | FTRs
Asset description
Derivative assets	0	0
Liability description
Derivative liabilities	0	0
QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | FTRs | CLECO POWER
Asset description
Derivative assets	0	0
Liability description
Derivative liabilities	0	0
QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | Natural gas derivatives
Asset description
Derivative assets	0	0
Liability description
Derivative liabilities	0	0
SIGNIFICANT OTHER OBSERVABLE INPUTS (LEVEL 2)
Asset description
Money market funds	0	0
Total assets	166,226	87,464
Liability description
Total liabilities	977	0
SIGNIFICANT OTHER OBSERVABLE INPUTS (LEVEL 2) | CLECO POWER
Asset description
Money market funds	0	0
Total assets	0	0
Liability description
Total liabilities	0	0
SIGNIFICANT OTHER OBSERVABLE INPUTS (LEVEL 2) | FTRs
Asset description
Derivative assets	0	0
Liability description
Derivative liabilities	0	0
SIGNIFICANT OTHER OBSERVABLE INPUTS (LEVEL 2) | FTRs | CLECO POWER
Asset description
Derivative assets	0	0
Liability description
Derivative liabilities	0	0
SIGNIFICANT OTHER OBSERVABLE INPUTS (LEVEL 2) | Natural gas derivatives
Asset description
Derivative assets	166,226	87,464
Liability description
Derivative liabilities	977	0
SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3)
Asset description
Money market funds	0	0
Derivative assets	5,977	6,977
Total assets	5,977	6,977
Liability description
Derivative liabilities	3,982	834
Total liabilities	3,982	834
SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | CLECO POWER
Asset description
Money market funds	0	0
Derivative assets	5,195	5,515
Total assets	5,195	5,515
Liability description
Derivative liabilities	457	597
Total liabilities	457	597
SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | FTRs
Asset description
Derivative assets	5,977	6,977
Liability description
Derivative liabilities	3,982	834
SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | FTRs | CLECO POWER
Asset description
Derivative assets	5,195	5,515
Liability description
Derivative liabilities	457	597
SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | Natural gas derivatives
Asset description
Derivative assets	0	0
Liability description
Derivative liabilities	$ 0	$ 0

Fair Value Accounting and Fin_5

Fair Value Accounting and Financial Instruments - Net Changes in Net Fair Value of FTR Assets and Liabilities Classified as Level 3 (Details) - Price risk derivatives - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	$ 4,682	$ 7,501	$ 6,143	$ 3,180
Unrealized gains (losses)	1,821	3,955	(1,920)	18,861
Purchases	168	619	7,234	11,426
Settlements	(4,676)	(4,326)	(9,462)	(25,718)
Ending balance	1,995	7,749	1,995	7,749
CLECO POWER
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Beginning balance	10,138	5,990	4,918	3,216
Unrealized gains (losses)	(1,363)	1,196	189	545
Purchases	168	619	7,037	9,236
Settlements	(4,205)	(3,107)	(7,406)	(8,299)
Ending balance	$ 4,738	$ 4,698	$ 4,738	$ 4,698

Fair Value Accounting and Fin_6

Fair Value Accounting and Financial Instruments - Significant Unobservable Inputs Used in Developing Fair Value of Level 3 Positions (Details) - Measured on a Recurring Basis - Level 3 $ in Thousands	Sep. 30, 2022 USD ($) $ / MW	Dec. 31, 2021 USD ($) $ / MW
FAIR VALUE
ASSETS | $	$ 5,977	$ 6,977
LIABILITIES | $	3,982	834
CLECO POWER
FAIR VALUE
ASSETS | $	5,195	5,515
LIABILITIES | $	$ 457	$ 597
Minimum
FAIR VALUE
FORWARD PRICE RANGE (usd per mwh) | $ / MW	(14.33)	(3.94)
Minimum | CLECO POWER
FAIR VALUE
FORWARD PRICE RANGE (usd per mwh) | $ / MW	(6.64)	(4.91)
Maximum
FAIR VALUE
FORWARD PRICE RANGE (usd per mwh) | $ / MW	18.50	9.25
Maximum | CLECO POWER
FAIR VALUE
FORWARD PRICE RANGE (usd per mwh) | $ / MW	18.50	9.25

Fair Value Accounting and Fin_7

Fair Value Accounting and Financial Instruments - Institutional Money Market Funds (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 94,713	$ 145,011
CLECO POWER
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Cash and cash equivalents	28,113	82,411
Current restricted cash and cash equivalents
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Restricted cash and cash equivalents	14,902	0
Current restricted cash and cash equivalents | CLECO POWER
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Restricted cash and cash equivalents	14,902	0
Non-current restricted cash and cash equivalents
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Restricted cash and cash equivalents	108,644	22
Non-current restricted cash and cash equivalents | CLECO POWER
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Restricted cash and cash equivalents	$ 108,622	$ 0

Fair Value Accounting and Fin_8

Fair Value Accounting and Financial Instruments - Fair Value of Derivative Instruments as Recorded in Condensed Consolidated Balance Sheets (Details) - DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS - USD ($)	Sep. 30, 2022	Dec. 31, 2021
GROSS ASSET (LIABILITY)
Commodity-related contracts, net	$ 203,644,000	$ 93,607,000
GROSS AMOUNTS OFFSET ON THE BALANCE SHEET
Derivative, contract netting		0
Derivative, collateral	(36,400,000)	0
NET ASSET (LIABILITY) ON THE BALANCE SHEET
Net asset (liability) on the balance sheet	167,244,000	93,607,000
GROSS AMOUNTS NOT OFFSET ON THE BALANCE SHEET
Collateral, assets	(108,007,000)	(15,000,000)
NET AMOUNT
Net amount	59,237,000	78,607,000
CLECO POWER
GROSS ASSET (LIABILITY)
Commodity-related contracts, net	4,738,000	4,918,000
Price risk derivatives
GROSS ASSET (LIABILITY)
Derivative asset	5,977,000	6,977,000
Derivative liability	(3,982,000)	(834,000)
GROSS AMOUNTS OFFSET ON THE BALANCE SHEET
Derivative asset, contract netting		0
Derivative liability, contract netting		0
Derivative asset, collateral	0
Derivative liability, collateral	0
NET ASSET (LIABILITY) ON THE BALANCE SHEET
Derivative asset	5,977,000	6,977,000
Derivative liability	(3,982,000)	(834,000)
GROSS AMOUNTS NOT OFFSET ON THE BALANCE SHEET
Collateral, assets	0	0
Collateral, liability	0	0
NET AMOUNT
Derivative asset, net	5,977,000	6,977,000
Derivative liability, net	(3,982,000)	(834,000)
Price risk derivatives | CLECO POWER
GROSS ASSET (LIABILITY)
Derivative liability	(457,000)	(597,000)
Price risk derivatives | Energy risk management assets, current | CLECO POWER
GROSS ASSET (LIABILITY)
Derivative asset	5,195,000	5,515,000
Natural gas derivatives
GROSS ASSET (LIABILITY)
Derivative liability	(1,539,000)	(559,000)
GROSS AMOUNTS OFFSET ON THE BALANCE SHEET
Derivative liability, contract netting		559,000
Derivative liability, collateral	0
NET ASSET (LIABILITY) ON THE BALANCE SHEET
Derivative liability	(1,539,000)	0
GROSS AMOUNTS NOT OFFSET ON THE BALANCE SHEET
Collateral, liability	0	0
NET AMOUNT
Derivative liability, net	(1,539,000)	0
Natural gas derivatives | CLECO POWER
GROSS ASSET (LIABILITY)
Derivative liability	(100,000)
Natural gas derivatives | Energy risk management assets, current
GROSS ASSET (LIABILITY)
Derivative asset	105,206,000	37,061,000
GROSS AMOUNTS OFFSET ON THE BALANCE SHEET
Derivative asset, contract netting		(559,000)
Derivative asset, collateral	(30,271,000)
NET ASSET (LIABILITY) ON THE BALANCE SHEET
Derivative asset	74,935,000	36,502,000
GROSS AMOUNTS NOT OFFSET ON THE BALANCE SHEET
Collateral, assets	(73,669,000)	(15,000,000)
NET AMOUNT
Derivative asset, net	1,266,000	21,502,000
Natural gas derivatives | Energy risk management assets, noncurrent
GROSS ASSET (LIABILITY)
Derivative asset	97,982,000	50,962,000
GROSS AMOUNTS OFFSET ON THE BALANCE SHEET
Derivative asset, contract netting		0
Derivative asset, collateral	(6,129,000)
NET ASSET (LIABILITY) ON THE BALANCE SHEET
Derivative asset	91,853,000	50,962,000
GROSS AMOUNTS NOT OFFSET ON THE BALANCE SHEET
Collateral, assets	(34,338,000)	0
NET AMOUNT
Derivative asset, net	$ 57,515,000	$ 50,962,000

Fair Value Accounting and Fin_9

Fair Value Accounting and Financial Instruments - Narrative (Details) - DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Total derivative, collateral, offset	$ 36,400,000	$ 0
Energy risk management assets, current | Natural gas derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative asset, collateral, offset	30,271,000
Energy risk management assets, noncurrent | Natural gas derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Derivative asset, collateral, offset	$ 6,129,000

Fair Value Accounting and Fi_10

Fair Value Accounting and Financial Instruments - Amount of Gain (Loss) Recognized in Income on Derivatives (Details) - DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Commodity-related contracts
Net gain (loss) recognized in income on derivatives	$ 91,811	$ 108,876	$ 255,395	$ 167,009
Price risk derivatives | Accumulated deferred fuel
Commodity-related contracts
Unrealized gains (losses) associated with FTRs	(1,400)	1,200	200	500
Price risk derivatives | CLECO POWER
Commodity-related contracts
Net gain (loss) recognized in income on derivatives	2,722	1,137	7,302	1,931
Price risk derivatives | CLECO POWER | Accumulated deferred fuel
Commodity-related contracts
Unrealized gains (losses) associated with FTRs	(1,400)	1,200	200	500
Price risk derivatives | Electric operations
Commodity-related contracts
Net gain (loss) recognized in income on derivatives	5,297	1,959	12,960	11,167
Price risk derivatives | Electric operations | CLECO POWER
Commodity-related contracts
Net gain (loss) recognized in income on derivatives	5,297	1,959	12,960	11,167
Price risk derivatives | Purchased power
Commodity-related contracts
Net gain (loss) recognized in income on derivatives	2,137	(770)	(7,829)	(9,742)
Price risk derivatives | Purchased power | CLECO POWER
Commodity-related contracts
Net gain (loss) recognized in income on derivatives	(2,575)	(822)	(5,658)	(9,236)
Natural gas derivatives
Commodity-related contracts
Net gain (loss) recognized in income on derivatives	84,377	$ 107,687	$ 250,264	$ 165,584
Natural gas derivatives | Accumulated deferred fuel
Commodity-related contracts
Unrealized gains (losses) associated with FTRs	(100)
Natural gas derivatives | CLECO POWER | Accumulated deferred fuel
Commodity-related contracts
Unrealized gains (losses) associated with FTRs	$ (100)

Fair Value Accounting and Fi_11

Fair Value Accounting and Financial Instruments - Volume of Commodity-Related Derivative Contracts (Details) MWh in Thousands, MMBTU in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022 MWh	Sep. 30, 2022 MMBTU	Dec. 31, 2021 MWh	Dec. 31, 2021 MMBTU
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Volume outstanding	23,678	91,710	14,055	109,306
CLECO POWER
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Volume outstanding	14,642	1,860	8,899	0

Debt (Details)

Debt (Details) - USD ($) $ in Millions			9 Months Ended
	Jun. 23, 2022	Jun. 22, 2022	Sep. 30, 2022
Line of credit | Revolving credit agreement
Debt [Line Items]
Borrowings outstanding			$ 10
Outstanding borrowing capacity			$ 175
Interest rate			4.195%
Commitment fees			0.275%
Line of credit | LIBOR | Revolving credit agreement
Debt [Line Items]
Basis spread on variable rate			1.625%
Line of credit | ABR | Revolving credit agreement
Debt [Line Items]
Basis spread on variable rate			0.625%
Senior notes | Senior notes due May 2023
Debt [Line Items]
Long-term debt, current			$ 165
Secured debt | Cleco Securitization I, senior secured storm recovery bonds
Debt [Line Items]
Long-term debt, current			9.6
CLECO POWER | Cleco Power, float rate senior notes
Debt [Line Items]
Repayments of long-term debt	$ 325
CLECO POWER | Line of credit | Revolving credit agreement
Debt [Line Items]
Borrowings outstanding			77
Outstanding borrowing capacity			$ 300
Interest rate			4.33%
Commitment fees			0.15%
CLECO POWER | Line of credit | LIBOR | Revolving credit agreement
Debt [Line Items]
Basis spread on variable rate			1.25%
CLECO POWER | Line of credit | ABR | Revolving credit agreement
Debt [Line Items]
Basis spread on variable rate			0.25%
CLECO POWER | Secured debt | Cleco Securitization I, senior secured storm recovery bonds
Debt [Line Items]
Long-term debt, current			$ 9.6
Debt, face amount		$ 425
CLECO POWER | Secured debt | Cleco Securitization I, senior secured storm recovery bonds, tranche one
Debt [Line Items]
Interest rate		4.016%
Debt, face amount		$ 125
Debt term		4 years 9 months 14 days
CLECO POWER | Secured debt | Cleco Securitization I, senior secured storm recovery bonds, tranche two
Debt [Line Items]
Interest rate		4.646%
Debt, face amount		$ 300
Debt term		15 years

Pension Plan and Employee Ben_3

Pension Plan and Employee Benefits - Narrative (Details) - USD ($)		1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Defined Benefit Plan Disclosure [Line Items]
401(k) one time benefit, percent of employee's gross pay	30%	30%		30%		30%
401(k) Plan expense, additional cost	$ 200,000
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Pension contributions required through 2025					$ 5,400,000
Special/contractual termination benefits, percent increase in benefits	1,000%	1,000%		1,000%		1,000%
Special/contractual termination benefits			$ 0	$ 3,270,000	0	$ 3,270,000
Defined benefit plan contributions by employer			4,013,000	10,050,000	12,040,000	23,610,000
Pension Plan | CLECO POWER
Defined Benefit Plan Disclosure [Line Items]
Special/contractual termination benefits		$ 2,400,000
Pension Plan | Support Group
Defined Benefit Plan Disclosure [Line Items]
Special/contractual termination benefits		$ 900,000
Pension Plan | Other Subsidiaries
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan contributions by employer			800,000	1,800,000	2,400,000	3,600,000
Other Benefits Plan
Defined Benefit Plan Disclosure [Line Items]
Special/contractual termination benefits			0	0	0	0
Defined benefit plan contributions by employer			1,225,000	1,319,000	3,674,000	3,924,000
Assets held-in-trust, noncurrent			0		0
Other Benefits Plan | CLECO POWER
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan contributions by employer			1,100,000	1,200,000	3,300,000	3,600,000
SERP
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan contributions by employer			935,000	946,000	2,805,000	2,837,000
SERP | CLECO POWER
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan contributions by employer			$ 100,000	$ 100,000	$ 400,000	$ 400,000

Pension Plan and Employee Ben_4

Pension Plan and Employee Benefits - Net Periodic Pension and Benefits Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
PENSION BENEFITS
Components of periodic benefit costs
Service cost	$ 2,146	$ 2,629	$ 6,439	$ 7,887
Interest cost	4,960	4,667	14,881	14,001
Expected return on plan assets	(6,177)	(5,700)	(18,531)	(17,101)
Amortizations
Net loss	3,084	5,184	9,251	15,553
Net periodic benefit cost	4,013	6,780	12,040	20,340
Special/contractual termination benefits	0	3,270	0	3,270
Total benefit cost	4,013	10,050	12,040	23,610
OTHER BENEFITS
Components of periodic benefit costs
Service cost	551	629	1,653	1,819
Interest cost	371	317	1,113	962
Expected return on plan assets	0	0	0	0
Amortizations
Net loss	303	373	908	1,143
Net periodic benefit cost	1,225	1,319	3,674	3,924
Special/contractual termination benefits	0	0	0	0
Total benefit cost	1,225	1,319	3,674	3,924
SERP
Components of periodic benefit costs
Service cost	57	59	170	174
Interest cost	670	634	2,009	1,903
Prior period service credit	(54)	(54)	(161)	(161)
Amortizations
Net loss	262	307	787	921
Total benefit cost	$ 935	$ 946	$ 2,805	$ 2,837

Pension Plan and Employee Ben_5

Pension Plan and Employee Benefits - Current and Non-Current Portions of the Other Benefits Liability (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Non-current	$ 290,818	$ 291,606
CLECO POWER
Defined Benefit Plan Disclosure [Line Items]
Non-current	206,669	205,214
Other Benefits Plan
Defined Benefit Plan Disclosure [Line Items]
Current	5,181	5,181
Non-current	48,829	50,093
Other Benefits Plan | CLECO POWER
Defined Benefit Plan Disclosure [Line Items]
Current	4,432	4,432
Non-current	$ 38,344	$ 39,315

Pension Plan and Employee Ben_6

Pension Plan and Employee Benefits - Current and Non-Current Portions of SERP Liability (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Non-current	$ 290,818	$ 291,606
SERP Benefits
Defined Benefit Plan Disclosure [Line Items]
Current	4,654	4,654
Non-current	86,210	88,523
CLECO POWER
Defined Benefit Plan Disclosure [Line Items]
Non-current	206,669	205,214
CLECO POWER | SERP Benefits
Defined Benefit Plan Disclosure [Line Items]
Current	679	679
Non-current	$ 12,546	$ 12,909

Pension Plan and Employee Ben_7

Pension Plan and Employee Benefits - 401 (K) Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Defined Contribution Plan Disclosure [Line Items]
401(k) Plan expense	$ 2,180	$ 2,512	$ 6,602	$ 7,391
Affiliated entity
Defined Contribution Plan Disclosure [Line Items]
401(k) Plan expense	$ 985	$ 1,185	$ 3,154	$ 3,511

Income Taxes - Effective Tax Ra

Income Taxes - Effective Tax Rate Reconciliation (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Effective Income Tax Rate [Line Items]
Effective tax rate	7.60%	20.30%	11.60%	12.40%
CLECO POWER
Effective Income Tax Rate [Line Items]
Effective tax rate	4.40%	1%	4.10%	(0.20%)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Uncertain Tax Positions [Line Items]
Interest expense related to uncertain tax positions	$ 0	$ 0	$ 0	$ 0
Liability for uncertain tax positions	0		0		$ 0
Interest payable related to uncertain tax positions	0		0		0
Penalties	0	0	0	0
Deferred employer payroll tax payments	3,000,000		3,000,000
CLECO POWER
Uncertain Tax Positions [Line Items]
Interest expense related to uncertain tax positions	0	$ 0	0	$ 0
Liability for uncertain tax positions	0		0		0
Interest payable related to uncertain tax positions	0		0		$ 0
Deferred employer payroll tax payments	$ 1,800,000		$ 1,800,000

Disclosures about Segments (Det

Disclosures about Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Apr. 13, 2016
Revenue
Electric operations	$ 619,500	$ 462,164	$ 1,509,093	$ 1,180,345
Other operations	61,771	55,721	167,042	150,777
Affiliate revenue	0	0	0	0
Electric customer credits	(6,728)	(691)	(6,992)	(40,185)
Operating revenue, net	674,543	517,194	1,669,143	1,290,937
Net income	68,372	119,910	225,479	219,059
Depreciation and amortization	62,079	64,338	206,767	180,199
Interest income	2,238	941	4,236	2,416
Interest charges	39,890	34,629	109,818	101,812
Federal and state income tax expense (benefit)	5,611	30,569	29,551	30,985
Other corporate costs and noncash items	2,648	71	5,888	(4,259)
EBITDA	176,362	248,576	573,267	525,380
Additions to property, plant, and equipment			145,514	207,257
Equity investment in investees	2,072		2,072		$ 2,072
Goodwill	1,490,797		1,490,797		1,490,797	$ 1,490,000
Total assets	8,484,521		8,484,521		8,125,018
CLECO POWER
Revenue
Electric operations	481,153	357,084	1,145,864	887,191
Other operations	24,757	22,779	62,528	57,674
Affiliate revenue	1,657	1,380	4,744	4,259
Electric customer credits	(6,728)	(691)	(6,992)	(40,429)
Operating revenue, net	500,839	380,552	1,206,144	908,695
Net income	40,733	56,561	134,462	102,407
Interest income	1,726	936	3,501	2,404
Interest charges	23,840	18,509	63,947	55,392
Federal and state income tax expense (benefit)	1,862	548	5,800	(219)
Additions to property, plant, and equipment			139,726	200,237
Equity investment in investees	2,072		2,072		2,072
Total assets	5,459,751		5,459,751		5,129,501
Power supply agreements
Revenue
Amortization of intangible assets	6,400	6,400	19,200	19,200
OPERATING SEGMENTS
Revenue
Electric operations	621,920	464,584	1,516,353	1,187,606
Other operations	64,330	57,937	174,425	156,525
Affiliate revenue	1,657	1,380	4,744	4,259
Electric customer credits	(6,728)	(691)	(6,992)	(40,185)
Operating revenue, net	681,179	523,210	1,688,530	1,308,205
Net income	80,474	143,305	266,652	256,126
Depreciation and amortization	57,704	56,149	193,641	163,148
Interest income	2,198	940	4,162	2,414
Interest charges	24,059	19,626	64,200	56,178
Federal and state income tax expense (benefit)	16,323	30,436	52,936	52,342
EBITDA	176,362	248,576	573,267	525,380
Additions to property, plant, and equipment			144,570	206,141
Equity investment in investees	2,072		2,072		2,072
Goodwill	1,490,797		1,490,797		1,490,797
Total assets	8,060,886		8,060,886		7,724,388
OPERATING SEGMENTS | CLECO POWER
Revenue
Electric operations	481,153	357,084	1,145,864	887,191
Other operations	24,757	22,779	62,528	57,674
Affiliate revenue	1,657	1,380	4,744	4,259
Electric customer credits	(6,728)	(691)	(6,992)	(40,429)
Operating revenue, net	500,839	380,552	1,206,144	908,695
Net income	40,733	56,561	134,462	102,407
Depreciation and amortization	44,368	43,526	133,907	126,534
Interest income	1,726	936	3,501	2,404
Interest charges	23,840	18,509	63,947	55,392
Federal and state income tax expense (benefit)	1,862	548	5,800	(219)
EBITDA	109,077	118,208	334,615	281,710
Additions to property, plant, and equipment			139,726	200,237
Equity investment in investees	2,072		2,072		2,072
Goodwill	1,490,797		1,490,797		1,490,797
Total assets	6,950,548		6,950,548		6,620,298
OPERATING SEGMENTS | CLECO CAJUN
Revenue
Electric operations	140,767	107,500	370,489	300,415
Other operations	39,573	35,158	111,897	98,851
Affiliate revenue	0	0	0	0
Electric customer credits	0	0	0	244
Operating revenue, net	180,340	142,658	482,386	399,510
Net income	39,741	86,744	132,190	153,719
Depreciation and amortization	13,336	12,623	59,734	36,614
Interest income	472	4	661	10
Interest charges	219	1,117	253	786
Federal and state income tax expense (benefit)	14,461	29,888	47,136	52,561
EBITDA	67,285	130,368	238,652	243,670
Additions to property, plant, and equipment			4,844	5,904
Equity investment in investees	0		0		0
Goodwill	0		0		0
Total assets	1,110,338		1,110,338		1,104,090
Amortization of deferred lease income	(2,300)	(2,300)	(6,900)	(6,900)
OPERATING SEGMENTS | CLECO CAJUN | Power supply agreements
Revenue
Amortization of intangible assets and liabilities	3,600	3,600	10,800	10,000
OTHER
Revenue
Electric operations	(2,420)	(2,420)	(7,260)	(7,260)
Other operations	1	1	5	4
Affiliate revenue	29,583	32,116	82,728	85,392
Electric customer credits	0	0	0	0
Operating revenue, net	27,164	29,697	75,473	78,136
Net income	(12,103)	(23,396)	(41,173)	(37,068)
Depreciation and amortization	4,375	8,189	13,127	17,052
Interest income	58	43	141	100
Interest charges	15,850	15,044	45,684	45,732
Federal and state income tax expense (benefit)	(10,712)	133	(23,384)	(21,357)
Additions to property, plant, and equipment			944	1,116
Equity investment in investees	(305,348)		(305,348)		(46,901)
Goodwill	0		0		0
Total assets	248,847		248,847		619,101
OTHER | Power supply agreements | CLECO POWER
Revenue
Amortization of intangible assets	2,400	2,400	7,300	7,300
ELIMINATIONS
Revenue
Electric operations	0	0	0	(1)
Other operations	(2,560)	(2,217)	(7,388)	(5,752)
Affiliate revenue	(31,240)	(33,496)	(87,472)	(89,651)
Electric customer credits	0	0	0	0
Operating revenue, net	(33,800)	(35,713)	(94,860)	(95,404)
Net income	1	1	0	1
Depreciation and amortization	0	0	(1)	(1)
Interest income	(18)	(42)	(67)	(98)
Interest charges	(19)	(41)	(66)	(98)
Federal and state income tax expense (benefit)	0	$ 0	(1)	0
Additions to property, plant, and equipment			0	$ 0
Equity investment in investees	305,348		305,348		46,901
Goodwill	0		0		0
Total assets	$ 174,788		$ 174,788		$ (218,471)

Regulation and Rates - Provisio

Regulation and Rates - Provision for Rate Refund (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Jul. 31, 2019
Regulation and Rates [Line Items]
Provision for rate refund	$ 13,256	$ 5,682
Cleco Katrina/Rita storm recovery charges
Regulation and Rates [Line Items]
Provision for rate refund	0	1,611
FRP
Regulation and Rates [Line Items]
Provision for rate refund	95	1,229
Site-specific industrial customer
Regulation and Rates [Line Items]
Provision for rate refund	752	833
St. Mary Clean Energy Center
Regulation and Rates [Line Items]
Provision for rate refund	10,400	0
TCJA
Regulation and Rates [Line Items]
Provision for rate refund	2,057	2,057
CLECO POWER
Regulation and Rates [Line Items]
Provision for rate refund	13,256	5,682		$ 79,200
CLECO POWER | Cleco Katrina/Rita storm recovery charges
Regulation and Rates [Line Items]
Provision for rate refund	0	1,611
CLECO POWER | FRP
Regulation and Rates [Line Items]
Provision for rate refund	95	1,229	$ 1,200
CLECO POWER | Site-specific industrial customer
Regulation and Rates [Line Items]
Provision for rate refund	752	833
CLECO POWER | St. Mary Clean Energy Center
Regulation and Rates [Line Items]
Provision for rate refund	10,400	0
CLECO POWER | TCJA
Regulation and Rates [Line Items]
Provision for rate refund	$ 2,057	$ 2,057

Regulation and Rates - Narrativ

Regulation and Rates - Narrative (Details) - USD ($) $ in Thousands					1 Months Ended	3 Months Ended		6 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 21, 2022	Mar. 15, 2022	Jun. 16, 2021	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Jun. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jul. 01, 2021	Aug. 31, 2020	Jul. 31, 2019
Regulation and Rates [Line Items]
Refund due to customers	$ 13,256				$ 13,256	$ 13,256		$ 5,682		$ 13,256
Electric customer credits						6,728	$ 691			6,992	$ 40,185
Current regulatory liabilities	44,129				44,129	44,129		44,072		44,129
Cleco Katrina/Rita storm recovery charges
Regulation and Rates [Line Items]
Refund due to customers	0				0	0		1,611		0
FRP
Regulation and Rates [Line Items]
Refund due to customers	95				95	95		1,229		95
St. Mary Clean Energy Center
Regulation and Rates [Line Items]
Refund due to customers	10,400				10,400	10,400		0		10,400
CLECO POWER
Regulation and Rates [Line Items]
Refund due to customers	13,256				13,256	13,256		5,682		13,256				$ 79,200
Electric customer credits						6,728	$ 691			6,992	$ 40,429
Regulatory assets	675,386				675,386	675,386		759,165		675,386
Regulatory liabilities	167,101				167,101	167,101		95,544		167,101
Current regulatory liabilities	44,129				44,129	44,129		44,072		44,129
CLECO POWER | SSR, refund of cost sharing | Affiliated entity | MISO
Regulation and Rates [Line Items]
Transaction amount			$ 4,300
CLECO POWER | St. Mary Clean Energy Center
Regulation and Rates [Line Items]
Regulatory assets	8,607				8,607	8,607		6,089		8,607
CLECO POWER | St. Mary Clean Energy Center, refund liability
Regulation and Rates [Line Items]
Regulatory assets	3,800				3,800	3,800				3,800
CLECO POWER | Cleco Katrina/Rita storm recovery charges
Regulation and Rates [Line Items]
Customer refund payments, bill credits					1,600
Refund due to customers	0				0	0		1,611		0
CLECO POWER | FRP
Regulation and Rates [Line Items]
Refund due to customers	95				95	95		1,229	$ 1,200	95
CLECO POWER | St. Mary Clean Energy Center
Regulation and Rates [Line Items]
Refund due to customers	10,400				10,400	10,400		$ 0		10,400
CLECO POWER | LPSC
Regulation and Rates [Line Items]
Electric customer credits	6,600	$ 6,600
TCJA, bill credit per month													$ 7,000
Bill credit related to unprotected excess ADIT													4,400
Bill credit per month related to change in federal statutory tax rate													$ 2,600
Estimated refund for the tax-related benefits from the TCJA	2,100				2,100	2,100				2,100
CLECO POWER | LPSC | St. Mary Clean Energy Center
Regulation and Rates [Line Items]
Refund due to customers	10,400	10,400			10,400	10,400				10,400
Disallowed recovery costs		15,000
Impairment of regulatory asset		13,800
CLECO POWER | LPSC | St. Mary Clean Energy Center, refund liability
Regulation and Rates [Line Items]
Regulatory assets	3,800	$ 3,800			3,800	3,800				$ 3,800
CLECO POWER | LPSC | FRP
Regulation and Rates [Line Items]
Target ROE allowed by FRP								9.50%	10%	9.50%
Percentage of retail earnings within range to be returned to customers								60%	60%	60%
ROE for customer credit, low range								10%	10.90%	10%
ROE for customer credit, high range								10.50%	11.75%	10.50%
CLECO POWER | LPSC | FRP | Maximum
Regulation and Rates [Line Items]
Target ROE allowed by FRP								10%	10.90%	10%
CLECO POWER | LPSC | Excess ADIT
Regulation and Rates [Line Items]
Bill credit related to unprotected excess ADIT												$ 2,500
Regulatory liability, amortization period				3 years
Regulatory liabilities	267,700				267,700	267,700				$ 267,700
Current regulatory liabilities	$ 44,100				$ 44,100	$ 44,100				$ 44,100

Variable Interest Entities - Su

Variable Interest Entities - Summary of Cleco Securitization I Financial Statement Impact (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Restricted cash and cash equivalents, current	$ 14,902		$ 14,902			$ 1,674
Accounts receivable - affiliate	13,111		13,111			3,041
Long-term debt and finance leases due within one year	267,954		267,954			93,455
Accounts payable - affiliate	13,092		13,092			51,297
Interest accrued	44,876		44,876			15,203
Long-term debt and finance leases, net	3,306,016		3,306,016			3,390,033
Member’s equity	2,960,078	$ 2,976,386	2,960,078	$ 2,976,386	$ 2,978,446	2,954,156	$ 2,856,380	$ 2,757,023
Income Statement Related Disclosures [Abstract]
Operating revenue, net	674,543	517,194	1,669,143	1,290,937
Total operating expenses	558,933	325,629	1,297,631	929,088
Interest income	2,238	941	4,236	2,416
Interest charges, net	40,353	35,174	111,018	103,092
Income before income taxes	73,983	150,479	255,030	250,044
Storm recover property
Balance Sheet Related Disclosures [Abstract]
Intangible assets	415,946		415,946			0
VIE, Primary Beneficiary - Cleco Securitization I
Balance Sheet Related Disclosures [Abstract]
Restricted cash and cash equivalents, current	5,552,000		5,552,000
Accounts receivable - affiliate	3,724,000		3,724,000
Long-term debt and finance leases due within one year	9,574,000		9,574,000
Accounts payable - affiliate	85,000		85,000
Interest accrued	5,213,000		5,213,000
Long-term debt and finance leases, net	408,622,000		408,622,000
Member’s equity	1,728,000		1,728,000
Income Statement Related Disclosures [Abstract]
Operating revenue, net	5,025	0	5,025	0
Total operating expenses	90	0	90	0
Interest income	10	0	10	0
Interest charges, net	4,861	0	5,342	0
Income before income taxes	84	0	(397)	0
VIE, Primary Beneficiary - Cleco Securitization I | Storm recover property
Balance Sheet Related Disclosures [Abstract]
Intangible assets	415,946,000		415,946,000
CLECO POWER
Balance Sheet Related Disclosures [Abstract]
Restricted cash and cash equivalents, current	14,902		14,902			1,674
Accounts receivable - affiliate	2,486		2,486			13,612
Long-term debt and finance leases due within one year	35,382		35,382			25,755
Accounts payable - affiliate	10,837		10,837			69,729
Interest accrued	26,544		26,544			5,080
Long-term debt and finance leases, net	1,886,216		1,886,216			1,800,854
Member’s equity	1,978,608	1,911,572	1,978,608	1,911,572	$ 1,991,005	1,948,537	$ 1,854,598	$ 1,807,879
Income Statement Related Disclosures [Abstract]
Operating revenue, net	500,839	380,552	1,206,144	908,695
Total operating expenses	435,504	300,475	1,002,288	740,158
Interest income	1,726	936	3,501	2,404
Interest charges, net	24,303	19,054	65,147	56,672
Income before income taxes	42,595	57,109	140,262	102,188
CLECO POWER | Storm recover property
Balance Sheet Related Disclosures [Abstract]
Intangible assets	415,946		415,946			$ 0
CLECO POWER | VIE, Primary Beneficiary - Cleco Securitization I
Balance Sheet Related Disclosures [Abstract]
Restricted cash and cash equivalents, current	5,552,000		5,552,000
Accounts receivable - affiliate	3,724,000		3,724,000
Long-term debt and finance leases due within one year	9,574,000		9,574,000
Accounts payable - affiliate	85,000		85,000
Interest accrued	5,213,000		5,213,000
Long-term debt and finance leases, net	408,622,000		408,622,000
Member’s equity	1,728,000		1,728,000
Income Statement Related Disclosures [Abstract]
Operating revenue, net	5,025	0	5,025	0
Total operating expenses	90	0	90	0
Interest income	10	0	10	0
Interest charges, net	4,861	0	5,342	0
Income before income taxes	84	$ 0	(397)	$ 0
CLECO POWER | VIE, Primary Beneficiary - Cleco Securitization I | Storm recover property
Balance Sheet Related Disclosures [Abstract]
Intangible assets	$ 415,946,000		$ 415,946,000

Variable Interest Entities - Na

Variable Interest Entities - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Equity investment in investee	$ 2,072	$ 2,072
CLECO POWER
Variable Interest Entity [Line Items]
Equity investment in investee	$ 2,072	$ 2,072
CLECO POWER | VIE, Not Primary Beneficiary - Oxbow
Variable Interest Entity [Line Items]
Ownership percentage by Cleco Power	50%
SWEPCO | VIE, Not Primary Beneficiary - Oxbow
Variable Interest Entity [Line Items]
Ownership percentage by other parties	50%

Variable Interest Entities - Eq

Variable Interest Entities - Equity Method Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Total equity investment in investee	$ 2,072		$ 2,072		$ 2,072
Operating revenue, net	674,543	$ 517,194	1,669,143	$ 1,290,937
CLECO POWER
Schedule of Equity Method Investments [Line Items]
Purchase price	12,873		12,873		12,873
Cash contributions	6,399		6,399		6,399
Distributions	(17,200)		(17,200)		(17,200)
Total equity investment in investee	2,072		2,072		$ 2,072
Operating revenue, net	500,839	380,552	1,206,144	908,695
CLECO POWER | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Operating revenue, net	65	1,486	215	5,113
Operating expenses	65	1,486	215	5,113
Income before taxes	$ 0	$ 0	$ 0	$ 0

Variable Interest Entities - Ca

Variable Interest Entities - Carrying Amount of Assets and Liabilities with Maximum Exposure to Loss (Details) - CLECO POWER - VIE, Not Primary Beneficiary - Oxbow - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Oxbow’s net assets/liabilities	$ 4,145	$ 4,145
Cleco Power’s 50% equity	2,072	2,072
Cleco Power’s maximum exposure to loss	$ 2,072	$ 2,072
Ownership percentage by Cleco Power	50%

Litigation, Other Commitments_2

Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees - Litigation (Details) $ in Thousands			1 Months Ended				3 Months Ended		9 Months Ended		24 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 21, 2022 USD ($)	Oct. 31, 2022 USD ($)	Sep. 30, 2015 USD ($)	Dec. 31, 2014 claim	Nov. 30, 2014 claim	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2019 USD ($)	Oct. 01, 2022 USD ($)	Dec. 31, 2021 USD ($)	Mar. 29, 2021 USD ($)	Feb. 29, 2020 USD ($)	Jul. 31, 2019 USD ($)
Loss Contingencies [Line Items]
Provision for rate refund	$ 13,256						$ 13,256		$ 13,256				$ 5,682
Electric customer credits							6,728	$ 691	6,992	$ 40,185
Loss contingency, estimate of possible loss	8,300						8,300		8,300
South Central Generating
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss	1,500						1,500		1,500
Gulf Coast Spinning start up costs
Loss Contingencies [Line Items]
Allegations by plaintiff, failure to perform				$ 6,500
Gulf Coast Spinning construction of cotton spinning facility
Loss Contingencies [Line Items]
Allegations by plaintiff, failure to perform				$ 60,000
Actions filed in the 9th Judicial District Court | Alleged Breach of Fiduciary Duties
Loss Contingencies [Line Items]
Number of actions filed | claim						4
Actions filed in the Civil District Court | Alleged Breach of Fiduciary Duties
Loss Contingencies [Line Items]
Number of actions filed | claim					3	3
CLECO POWER
Loss Contingencies [Line Items]
Provision for rate refund	13,256						13,256		13,256				5,682			$ 79,200
Electric customer credits							6,728	$ 691	6,992	$ 40,429
Regulatory assets	675,386						675,386		675,386				759,165
CLECO POWER | St. Mary Clean Energy Center
Loss Contingencies [Line Items]
Regulatory assets	8,607						8,607		8,607				$ 6,089
CLECO POWER | St. Mary Clean Energy Center, refund liability
Loss Contingencies [Line Items]
Regulatory assets	3,800						3,800		3,800
CLECO POWER | St. Mary Clean Energy Center, refund liability | Subsequent event
Loss Contingencies [Line Items]
Regulatory assets												$ 3,800
CLECO POWER | Deferred storm restoration costs - Winter Storms Uri & Viola
Loss Contingencies [Line Items]
Capitalized storm restoration costs														$ 50,000
CLECO POWER | LPSC 2018-2019 Fuel Audit
Loss Contingencies [Line Items]
Fuel expense											$ 565,800
CLECO POWER | LPSC
Loss Contingencies [Line Items]
Electric customer credits	6,600	$ 6,600
CLECO POWER | LPSC | St. Mary Clean Energy Center
Loss Contingencies [Line Items]
Disallowed recovery costs		15,000
Impairment of regulatory asset		13,800
Provision for rate refund	10,400	10,400					10,400		10,400
CLECO POWER | LPSC | St. Mary Clean Energy Center | Subsequent event
Loss Contingencies [Line Items]
Customer refund payments, bill credits			$ 10,400
CLECO POWER | LPSC | St. Mary Clean Energy Center, refund liability
Loss Contingencies [Line Items]
Regulatory assets	$ 3,800	$ 3,800					$ 3,800		$ 3,800
Gulf Coast Spinning Company, LLC | Gulf Coast Spinning construction of cotton spinning facility | Diversified Lands LLC
Loss Contingencies [Line Items]
Loans payable															$ 2,000

Litigation, Other Commitments_3

Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees - Off-Balance Sheet Commitments and Guarantees (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Guarantor Obligations [Line Items]
Guarantor obligations, collateral held directly or by third parties, amount	$ 0
Asset retirement obligations	73,500,000	$ 74,300,000
Performance Guarantee
Guarantor Obligations [Line Items]
Guarantor obligations, maximum exposure, undiscounted	42,400,000
Indemnification Agreement
Guarantor Obligations [Line Items]
Guarantor obligations, maximum exposure, undiscounted	40,000,000
Indemnification Agreement including fundamental organizational structure
Guarantor Obligations [Line Items]
Guarantor obligations, maximum exposure, undiscounted	400,000,000
CLECO POWER
Guarantor Obligations [Line Items]
Guarantor obligations, collateral held directly or by third parties, amount	0
Asset retirement obligations	21,000,000	$ 23,000,000
CLECO POWER | Indemnification Agreement
Guarantor Obligations [Line Items]
Guarantor obligations, maximum exposure, undiscounted	40,000,000
CLECO POWER | Indemnification Agreement including fundamental organizational structure
Guarantor Obligations [Line Items]
Guarantor obligations, maximum exposure, undiscounted	400,000,000
Cleco Cajun
Guarantor Obligations [Line Items]
Indemnification assets, maximum environmental costs	25,000,000
Indemnification assets	22,600,000
Indemnification assets, current	1,100,000
Indemnification assets, noncurrent	$ 21,500,000

Litigation, Other Commitments_4

Litigation, Other Commitments and Contingencies, and Disclosures about Guarantees - Risks and Uncertainties (Details) - CLECO POWER - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Regulatory assets	$ 675,386	$ 759,165
Dolet Hills | Station closure costs
Loss Contingencies [Line Items]
Regulatory assets	147,021	145,844
Lignite Mine | Mine closure costs
Loss Contingencies [Line Items]
Regulatory assets	$ 136,071	$ 136,980

Affiliate Transactions - Narrat

Affiliate Transactions - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Accounts receivable - affiliate	$ 13,111	$ 3,041
Accounts payable - affiliate	13,092	51,297
CLECO POWER
Related Party Transaction [Line Items]
Accounts receivable - affiliate	2,486	13,612
Accounts payable - affiliate	10,837	69,729
CLECO POWER | Cleco Holdings
Related Party Transaction [Line Items]
Accounts receivable - affiliate	8	10,347
Accounts payable - affiliate	$ 1,029	59,627
CLECO POWER | Cleco Holdings | Settlement of taxes payable
Related Party Transaction [Line Items]
Accounts payable - affiliate		$ 59,400

Affiliate Transactions - Summar

Affiliate Transactions - Summary of Balances Payable To or Due From Affiliates (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
ACCOUNTS RECEIVABLE	$ 13,111	$ 3,041
ACCOUNTS PAYABLE	13,092	51,297
CLECO POWER
Related Party Transaction [Line Items]
ACCOUNTS RECEIVABLE	2,486	13,612
ACCOUNTS PAYABLE	10,837	69,729
CLECO POWER | Cleco Holdings
Related Party Transaction [Line Items]
ACCOUNTS RECEIVABLE	8	10,347
ACCOUNTS PAYABLE	1,029	59,627
CLECO POWER | Support Group
Related Party Transaction [Line Items]
ACCOUNTS RECEIVABLE	1,255	2,473
ACCOUNTS PAYABLE	9,806	10,038
CLECO POWER | Cleco Cajun
Related Party Transaction [Line Items]
ACCOUNTS RECEIVABLE	1,223	792
ACCOUNTS PAYABLE	$ 2	$ 64

Intangible Assets, Intangible_3

Intangible Assets, Intangible Liabilities, and Goodwill - Narrative (Details)			1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 01, 2022 USD ($)	Jun. 22, 2022 USD ($)	Aug. 31, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Apr. 13, 2016 USD ($)
Finite-Lived Intangible Assets [Line Items]
Goodwill				$ 1,490,797,000		$ 1,490,797,000		$ 1,490,797,000	$ 1,490,000,000
Goodwill impairment	$ 0
Storm recover property
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets acquired		$ 415,900,000
Amortization of intangible assets				0		0
Intangible assets				415,946,000		415,946,000		$ 0
Power supply agreements
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets				6,400,000	$ 6,400,000	19,200,000	$ 19,200,000
Intangible assets, residual value				0		$ 0
Power supply agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life						7 years
Power supply agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible asset, useful life						19 years
Trade name
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets				0	3,770,000	$ 0	3,897,000
Impairment of intangible assets			$ 3,800,000
Intangible assets					$ 0		$ 0
Trade name | Level 3 | Average rate | Discounted Cash Flow
Finite-Lived Intangible Assets [Line Items]
Measurement input			0.08
Cleco Cajun | LTSA
Finite-Lived Intangible Assets [Line Items]
Intangible liabilities, remaining life						7 years
Cleco Cajun | Power supply agreements
Finite-Lived Intangible Assets [Line Items]
Intangible assets, residual value				$ 0		$ 0
Cleco Cajun | Power supply agreements | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, remaining life						6 years
Cleco Cajun | Power supply agreements | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets, remaining life						8 years

Intangible Assets, Intangible_4

Intangible Assets, Intangible Liabilities, and Goodwill - Schedule of Amortization of Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
LTSA
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible liabilities	$ 871	$ 871	$ 2,613	$ 2,613
Power supply agreements
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible liabilities	389	389	1,168	1,989
Trade name
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	0	3,770	0	3,897
Power supply agreements
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 6,400	$ 6,400	$ 19,200	$ 19,200

Intangible Assets, Intangible_5

Intangible Assets, Intangible Liabilities, and Goodwill - Schedule of Finite-Lived Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Total intangible assets carrying amount	$ 184,004	$ 184,004
Total intangible liability carrying amount	38,300	38,300
Net intangible assets carrying amount	145,704	145,704
Accumulated amortization	(97,885)	(82,466)
Net intangible assets subject to amortization	47,819	63,238
LTSA
Finite-Lived Intangible Assets [Line Items]
Total intangible liability carrying amount	24,100	24,100
Power supply agreements
Finite-Lived Intangible Assets [Line Items]
Total intangible liability carrying amount	14,200	14,200
Power supply agreements
Finite-Lived Intangible Assets [Line Items]
Total intangible assets carrying amount	$ 184,004	$ 184,004

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances, beginning of period	$ 2,978,446	$ 2,856,380	$ 2,954,156	$ 2,757,023
Balances, end of period	2,960,078	2,976,386	2,960,078	2,976,386
TOTAL AOCI
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances, beginning of period	(23,608)	(25,588)	(23,629)	(25,796)
Balances, end of period	(23,598)	(25,492)	(23,598)	(25,492)
POSTRETIREMENT BENEFIT NET LOSS
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances, beginning of period	(23,608)	(25,588)	(23,629)	(25,796)
Amounts reclassified from AOCI	10	96	31	304
Balances, end of period	(23,598)	(25,492)	(23,598)	(25,492)
CLECO POWER
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances, beginning of period	1,991,005	1,854,598	1,948,537	1,807,879
Balances, end of period	1,978,608	1,911,572	1,978,608	1,911,572
CLECO POWER | TOTAL AOCI
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances, beginning of period	(17,444)	(23,880)	(18,183)	(24,753)
Balances, end of period	(17,074)	(23,467)	(17,074)	(23,467)
CLECO POWER | POSTRETIREMENT BENEFIT NET LOSS
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances, beginning of period	(12,272)	(18,394)	(12,885)	(19,139)
Amounts reclassified from AOCI	307	350	920	1,095
Balances, end of period	(11,965)	(18,044)	(11,965)	(18,044)
CLECO POWER | NET LOSS ON CASH FLOW HEDGES
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances, beginning of period	(5,172)	(5,486)	(5,298)	(5,614)
Amounts reclassified from AOCI	63	63	189	191
Balances, end of period	$ (5,109)	$ (5,423)	$ (5,109)	$ (5,423)

Storm Securitization and Cost_2

Storm Securitization and Cost Recovery (Details) $ in Thousands		9 Months Ended	24 Months Ended
	Jun. 01, 2021 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($) hurricane storm	Jun. 22, 2022 USD ($)	Apr. 01, 2022 USD ($)
Unusual or Infrequent Item, or Both [Line Items]
Securitized storm restoration costs					$ 425,000
Hurricanes
Unusual or Infrequent Item, or Both [Line Items]
Capitalized storm restoration costs, interim storm recovery amount	$ 16,000
Storm recovery, hurricanes Laura, Delta, and Zeta and winter storms Uri and Viola
Unusual or Infrequent Item, or Both [Line Items]
Securitized storm restoration costs					220,100
Deferred storm restoration costs - Hurricane Ida
Unusual or Infrequent Item, or Both [Line Items]
Securitized storm restoration costs					95,000
Storm recovery, reserve for future storm costs
Unusual or Infrequent Item, or Both [Line Items]
Securitized storm restoration costs					100,900
Storm recovery, upfront securitization costs and ongoing costs
Unusual or Infrequent Item, or Both [Line Items]
Securitized storm restoration costs					$ 9,000
Storm recovery, wholesale operations and maintenance
Unusual or Infrequent Item, or Both [Line Items]
Estimate of storm restoration costs		$ 7,300
CLECO POWER
Unusual or Infrequent Item, or Both [Line Items]
Regulatory assets		675,386	$ 759,165
CLECO POWER | Cleco Power, float rate senior notes
Unusual or Infrequent Item, or Both [Line Items]
Debt redeemed				$ 325,000
CLECO POWER | Cleco Securitization I, senior secured storm recovery bonds
Unusual or Infrequent Item, or Both [Line Items]
Debt, face amount				$ 425,000
CLECO POWER | Hurricanes
Unusual or Infrequent Item, or Both [Line Items]
Regulatory assets		124,300
CLECO POWER | Hurricanes
Unusual or Infrequent Item, or Both [Line Items]
Number of hurricanes | hurricane			4
Number of severe winter storms | storm			2
Estimate of storm restoration costs			$ 342,700
Capitalized storm restoration costs		211,100
CLECO POWER | Storm recovery, wholesale operations and maintenance
Unusual or Infrequent Item, or Both [Line Items]
Estimate of storm restoration costs		$ 7,300