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Receivables
 9 Months Ended
Sep. 30, 2024
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. In March 2024, IPL amended and extended through March 2026 the purchase commitment from the third party to which it sells its receivables. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. Effective September 2024, the limit on cash proceeds under the Receivables Agreement was changed to $5 million. As of September 30, 2024, 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 nine months ended September 30 were as follows (in millions):
Three MonthsNine Months
2024202320242023
Maximum outstanding aggregate cash proceeds$52$94$110$110
Average outstanding aggregate cash proceeds7463468

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
September 30, 2024December 31, 2023
Customer accounts receivable$141$130
Unbilled utility revenues8198
Other receivables11
Receivables sold to third party223229
Less: cash proceeds11
Deferred proceeds222228
Less: allowance for expected credit losses1012
Fair value of deferred proceeds$212$216

As of September 30, 2024, 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 nine months ended September 30 were as follows (in millions):
Three MonthsNine Months
2024202320242023
Collections$565$616$1,578$1,720
Write-offs, net of recoveries4599
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. In March 2024, IPL amended and extended through March 2026 the purchase commitment from the third party to which it sells its receivables. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. Effective September 2024, the limit on cash proceeds under the Receivables Agreement was changed to $5 million. As of September 30, 2024, 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 nine months ended September 30 were as follows (in millions):
Three MonthsNine Months
2024202320242023
Maximum outstanding aggregate cash proceeds$52$94$110$110
Average outstanding aggregate cash proceeds7463468

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
September 30, 2024December 31, 2023
Customer accounts receivable$141$130
Unbilled utility revenues8198
Other receivables11
Receivables sold to third party223229
Less: cash proceeds11
Deferred proceeds222228
Less: allowance for expected credit losses1012
Fair value of deferred proceeds$212$216

As of September 30, 2024, 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 nine months ended September 30 were as follows (in millions):
Three MonthsNine Months
2024202320242023
Collections$565$616$1,578$1,720
Write-offs, net of recoveries4599