v3.25.2
Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities [Abstract]  
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]
The following table provides information on gains or losses recognized in AOCI for the cash flow hedges for the periods indicated:

Interest Rate Hedges for the Three Months Ended June 30,Interest Rate Hedges for the Six Months Ended June 30,
$ in thousands (net of tax)2025202420252024
Beginning accumulated derivative gain
$34,944 $36,680 $35,378 $29,294 
Net gains associated with current period hedging transactions
— — — 6,626 
Net (gains) / losses reclassified to interest expense, net of tax
(434)(434)(868)326 
Ending accumulated derivative gain in AOCI$34,510 $36,246 $34,510 $36,246 
Net gain expected to be reclassified to earnings in the next twelve months
1,737
Schedule of Derivative Instruments [Table Text Block]
At June 30, 2025, AES Indiana’s outstanding derivative instruments were as follows:
Commodity
Accounting Treatment
UnitNotional
(in thousands)		Sales
(in thousands)		Net Notional
(in thousands)
FTRsNot DesignatedMWh8,067 — 8,067 
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following table summarizes the fair value, balance sheet classification and hedging designation of IPALCO’s derivative instruments (in thousands):

CommodityHedging DesignationBalance sheet classificationJune 30, 2025December 31, 2024
FTRs
Not a Cash Flow Hedge
Derivative assets, current
$4,304 $1,526