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Receivables
 3 Months Ended
Mar. 31, 2021
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. As of March 31, 2021, IPL had $15 million of available capacity under its sales of accounts receivable program. IPL’s maximum and average outstanding cash proceeds (based on daily outstanding balances) related to the sales of accounts receivable program for the three months ended March 31 were as follows (in millions):
20212020
Maximum outstanding aggregate cash proceeds$100$96
Average outstanding aggregate cash proceeds3024

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
March 31, 2021December 31, 2020
Customer accounts receivable$124$114
Unbilled utility revenues7492
Receivables sold to third party198206
Less: cash proceeds751
Deferred proceeds123205
Less: allowance for expected credit losses1617
Fair value of deferred proceeds$107$188

As of March 31, 2021, outstanding receivables past due under the Receivables Agreement were $22 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three months ended March 31 were as follows (in millions):
20212020
Collections$529$541
Write-offs, net of recoveries22

In April 2021, IPL amended and extended through March 2023 the purchase commitment from the third party to which it sells its receivables. Effective April 2021, the limit on cash proceeds is $110 million.
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. As of March 31, 2021, IPL had $15 million of available capacity under its sales of accounts receivable program. IPL’s maximum and average outstanding cash proceeds (based on daily outstanding balances) related to the sales of accounts receivable program for the three months ended March 31 were as follows (in millions):
20212020
Maximum outstanding aggregate cash proceeds$100$96
Average outstanding aggregate cash proceeds3024

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
March 31, 2021December 31, 2020
Customer accounts receivable$124$114
Unbilled utility revenues7492
Receivables sold to third party198206
Less: cash proceeds751
Deferred proceeds123205
Less: allowance for expected credit losses1617
Fair value of deferred proceeds$107$188

As of March 31, 2021, outstanding receivables past due under the Receivables Agreement were $22 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three months ended March 31 were as follows (in millions):
20212020
Collections$529$541
Write-offs, net of recoveries22

In April 2021, IPL amended and extended through March 2023 the purchase commitment from the third party to which it sells its receivables. Effective April 2021, the limit on cash proceeds is $110 million.