v3.25.2
Receivables
 6 Months Ended
Jun. 30, 2025
Receivables [Line Items]  
Receivables RECEIVABLES
Sales of Accounts Receivable - IPL maintains a Receivables Purchase and Sale Agreement (Receivables Agreement) whereby it may sell its customer accounts receivables, unbilled revenues and certain other accounts receivables to a third party through wholly-owned and consolidated special purpose entities. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. Effective May 2025, the limit on cash proceeds under the Receivables Agreement was changed to $5 million. As of June 30, 2025, IPL had $4 million of available capacity under its sales of accounts receivable program. IPL’s maximum and average outstanding aggregate cash proceeds (based on daily outstanding balances) related to the sales of accounts receivable program for the three and six months ended June 30 were as follows (in millions):
Three MonthsSix Months
2025202420252024
Maximum outstanding aggregate cash proceeds$110$110$110$110
Average outstanding aggregate cash proceeds60738448

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
June 30, 2025December 31, 2024
Customer accounts receivable$135$137
Unbilled utility revenues114108
Receivables sold to third party249245
Less: cash proceeds170
Deferred proceeds248175
Less: allowance for expected credit losses1312
Fair value of deferred proceeds$235$163

As of June 30, 2025, outstanding receivables past due under the Receivables Agreement were $16 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three and six months ended June 30 were as follows (in millions):
Three MonthsSix Months
2025202420252024
Collections$445$456$1,052$1,013
Write-offs, net of recoveries2245
IPL [Member]  
Receivables [Line Items]  
Receivables RECEIVABLES
Sales of Accounts Receivable - IPL maintains a Receivables Purchase and Sale Agreement (Receivables Agreement) whereby it may sell its customer accounts receivables, unbilled revenues and certain other accounts receivables to a third party through wholly-owned and consolidated special purpose entities. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. Effective May 2025, the limit on cash proceeds under the Receivables Agreement was changed to $5 million. As of June 30, 2025, IPL had $4 million of available capacity under its sales of accounts receivable program. IPL’s maximum and average outstanding aggregate cash proceeds (based on daily outstanding balances) related to the sales of accounts receivable program for the three and six months ended June 30 were as follows (in millions):
Three MonthsSix Months
2025202420252024
Maximum outstanding aggregate cash proceeds$110$110$110$110
Average outstanding aggregate cash proceeds60738448

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
June 30, 2025December 31, 2024
Customer accounts receivable$135$137
Unbilled utility revenues114108
Receivables sold to third party249245
Less: cash proceeds170
Deferred proceeds248175
Less: allowance for expected credit losses1312
Fair value of deferred proceeds$235$163

As of June 30, 2025, outstanding receivables past due under the Receivables Agreement were $16 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three and six months ended June 30 were as follows (in millions):
Three MonthsSix Months
2025202420252024
Collections$445$456$1,052$1,013
Write-offs, net of recoveries2245