v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 329 $ 81
Accounts receivable, less allowance for expected credit losses 518 427
Production fuel, at weighted average cost 52 54
Gas stored underground, at weighted average cost 31 55
Materials and supplies, at weighted average cost 195 186
Regulatory assets 164 210
Other 185 171
Total current assets 1,474 1,184
Property, plant and equipment, net 19,376 18,701
Investments:    
ATC Holdings 440 415
Other 226 224
Total investments 666 639
Other assets:    
Regulatory assets 2,123 2,064
Deferred charges and other 111 126
Total other assets 2,234 2,190
Total assets 23,750 22,714
Current liabilities:    
Current maturities of long-term debt 1,373 1,171
Commercial paper 292 558
Accounts payable 497 532
Regulatory liabilities 71 69
Other 346 385
Total current liabilities 2,579 2,715
Long-term debt, net (excluding current portion) 9,642 8,677
Other liabilities:    
Deferred tax liabilities 2,198 2,188
Regulatory liabilities 1,017 959
Pension and other benefit obligations 202 224
Other 967 947
Total other liabilities 4,384 4,318
Commitments and contingencies (Note 12)
Common equity:    
Common stock 3 3
Additional paid-in capital 3,075 3,060
Retained earnings 4,080 3,954
Accumulated other comprehensive income (loss) 0 1
Shares in deferred compensation trust - 356,799 and 372,116 shares at a weighted average cost of $37.77 and $36.56 per share (13) (14)
Total common equity 7,145 7,004
Total liabilities and equity 23,750 22,714
IPL [Member]    
Current assets:    
Cash and cash equivalents 204 29
Accounts receivable, less allowance for expected credit losses 270 192
Production fuel, at weighted average cost 24 30
Gas stored underground, at weighted average cost 11 25
Materials and supplies, at weighted average cost 117 113
Regulatory assets 82 77
Other 72 43
Total current assets 780 509
Property, plant and equipment, net 9,821 9,336
Other assets:    
Regulatory assets 1,533 1,509
Deferred charges and other 46 53
Total other assets 1,579 1,562
Total assets 12,180 11,407
Current liabilities:    
Current maturities of long-term debt 300 300
Commercial paper 0 50
Accounts payable 290 263
Accounts payable to associated companies 48 47
Accrued taxes 54 77
Accrued interest 50 48
Regulatory liabilities 47 54
Other 77 89
Total current liabilities 866 928
Long-term debt, net (excluding current portion) 4,384 3,790
Other liabilities:    
Deferred tax liabilities 1,230 1,179
Regulatory liabilities 496 492
Pension and other benefit obligations 43 46
Other 526 511
Total other liabilities 2,295 2,228
Commitments and contingencies (Note 12)
Common equity:    
Common stock 33 33
Additional paid-in capital 3,357 3,212
Retained earnings 1,245 1,216
Total common equity 4,635 4,461
Total liabilities and equity 12,180 11,407
WPL [Member]    
Current assets:    
Cash and cash equivalents 10 51
Accounts receivable, less allowance for expected credit losses 234 220
Production fuel, at weighted average cost 28 24
Gas stored underground, at weighted average cost 20 30
Materials and supplies, at weighted average cost 71 69
Regulatory assets 82 133
Prepaid gross receipts tax 49 51
Other 68 57
Total current assets 562 635
Property, plant and equipment, net 9,032 8,861
Other assets:    
Regulatory assets 590 555
Deferred charges and other 52 55
Total other assets 642 610
Total assets 10,236 10,106
Current liabilities:    
Commercial paper 292 183
Accounts payable 158 209
Accrued interest 45 44
Regulatory liabilities 24 15
Other 81 94
Total current liabilities 600 545
Long-term debt, net (excluding current portion) 3,371 3,370
Other liabilities:    
Deferred tax liabilities 818 865
Regulatory liabilities 521 467
Pension and other benefit obligations 88 102
Other 658 656
Total other liabilities 2,085 2,090
Commitments and contingencies (Note 12)
Common equity:    
Common stock 66 66
Additional paid-in capital 2,533 2,533
Retained earnings 1,581 1,502
Total common equity 4,180 4,101
Total liabilities and equity $ 10,236 $ 10,106