Overview and Summary Of Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Accounting Policies [Abstract] |
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| Schedule of Cash and Cash Equivalents [Table Text Block] |
The following table provides a summary of cash, cash equivalents and restricted cash amounts reported within the Condensed Consolidated Balance Sheets that reconcile to the total of such amounts as shown on the Condensed Consolidated Statements of Cash Flows: | | | | | | | | | | | | | | | | | | June 30, | | December 31, | | | | 2025 | | 2024 | | | | (In Thousands) | | Cash, cash equivalents and restricted cash | | | | | | Cash and cash equivalents | | $ | 70,614 | | | $ | 26,647 | | | Restricted cash (included in Prepayments and other current assets) | | 5 | | | 5 | | | Total cash, cash equivalents and restricted cash | | $ | 70,619 | | | $ | 26,652 | | | | | | |
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| Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] |
The following table summarizes our accounts receivable balances at June 30, 2025 and December 31, 2024: | | | | | | | | | | | | | | | | | | June 30, | | December 31, | | | | 2025 | | 2024 | | | | (In Thousands) | | Accounts receivable, net | | | | | | Customer receivables | | $ | 185,723 | | | $ | 207,353 | | Unbilled revenue | | 97,094 | | | 90,731 | | | Amounts due from related parties | | 9,430 | | | 6,461 | | | | | | | | Other | | 48,098 | | | 38,331 | | | Allowance for credit losses | | (23,057) | | | (29,798) | | | Total accounts receivable, net | | $ | 317,288 | | | $ | 313,078 | | | | | | |
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| Schedule of Inventory, Current [Table Text Block] |
The following table summarizes our inventory balances at June 30, 2025 and December 31, 2024: | | | | | | | | | | | | | | | | | | June 30, | | December 31, | | | | 2025 | | 2024 | | | | (In Thousands) | | Inventories | | | | | | Fuel | | $ | 40,607 | | | $ | 50,842 | | | Materials and supplies, net | | 50,690 | | | 49,093 | | | Total inventories | | $ | 91,297 | | | $ | 99,935 | | | | | | |
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| Reclassification out of Accumulated Other Comprehensive Income |
The amounts reclassified out of AOCI by component during the three and six months ended June 30, 2025 and 2024 are as follows (in Thousands):
| | | | | | | | | | | | | | | | | | | | | Details about AOCI components | Affected line item in the Condensed Consolidated Statements of Operations | | Three Months Ended June 30, | Six Months Ended June 30, | | 2025 | 2024 | 2025 | 2024 | Net (gains) / losses on cash flow hedges | Interest expense | | $ | (578) | | $ | (578) | | $ | (1,156) | | $ | 434 | | | Income tax effect | | 144 | | 144 | | 288 | | (108) | | | Total reclassifications for the period, net of income taxes | | | $ | (434) | | $ | (434) | | $ | (868) | | $ | 326 | | | | | | | | |
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| Schedule of Asset Retirement Obligations [Table Text Block] |
AES Indiana’s ARO liabilities relate primarily to environmental issues involving asbestos-containing materials, ash ponds, landfills and miscellaneous contaminants associated with its generating plants, transmission system and distribution system. The following is a roll forward of the ARO legal liabilities for the six months ended June 30, 2025 and 2024, respectively: | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | | | 2025 | | 2024 | | | | (In Thousands) | Balance as of January 1 | | $ | 378,460 | | | $ | 249,930 | | | Liabilities incurred | | 875 | | | 8,507 | | | Liabilities settled | | (10,478) | | | (1,802) | | | Revisions to cash flow and timing estimates | | (10,575) | | | 80,221 | | | Accretion expense | | 8,664 | | | 5,684 | | | Balance as of June 30 | | $ | 366,946 | | | $ | 342,540 | | | Less: ARO liabilities, current | | 58,064 | | | — | | ARO liabilities, non-current | | $ | 308,882 | | | $ | 342,540 | | | | | | |
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| Allowance for Funds Used During Construction |
AES Indiana capitalizes an allowance for the net cost of funds (interest on borrowed funds and a reasonable rate of return on equity funds) used for construction purposes during the period of construction with a corresponding credit to income. AFUDC equity and AFUDC debt were as follows for the periods indicated:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | $ in thousands | | Three Months Ended June 30, | | Six Months Ended June 30, | | | | 2025 | | 2024 | | 2025 | | 2024 | | AFUDC equity | | $ | 732 | | | $ | 1,269 | | | $ | 1,401 | | | $ | 2,100 | | | AFUDC debt | | $ | 6,600 | | | $ | 6,411 | | | $ | 16,416 | | | $ | 11,687 | | | | | | | | | | |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The following table presents information related to the Company’s intangible assets, including the gross amount capitalized and related amortization: | | | | | | | | | | | | June 30, | December 31, | $ in thousands | | 2025 | 2024 | Capitalized software | | $ | 286,261 | | $ | 280,020 | | Project development intangible assets | | 146,661 | | 83,149 | | Other | | 797 | | 797 | | Less: Accumulated amortization | | (145,619) | | (131,756) | | Intangible assets - net | | $ | 288,100 | | $ | 232,210 | | | | | | | | Three Months Ended June 30, | | | 2025 | 2024 | Amortization expense | | $ | 6,231 | | $ | 6,788 | | | | | | | | Six Months Ended June 30, | | | 2025 | 2024 | Amortization expense | | $ | 13,901 | | $ | 13,728 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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| Accounts Receivable, Allowance for Credit Loss |
The following table is a rollforward of our allowance for credit losses related to the accounts receivable balances for the periods indicated: | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | $ in Thousands | | 2025 | | 2024 | | Allowance for credit losses: | | | | | | Beginning balance | | $ | 29,798 | | | $ | 2,283 | | | Current period provision | | 16,648 | | | 3,987 | | Net write-offs charged against allowance | | (23,711) | | | (320) | | Recoveries and account write-ons | | 322 | | | 1,071 | | | Ending Balance | | $ | 23,057 | | | $ | 7,021 | | | | | | |
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