Receivables

9 Months Ended

Sep. 30, 2022

Receivables [Line Items]

Receivables

RECEIVABLESSales 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 September 30, 2022, IPL had $109 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 and nine months ended September 30 were as follows (in millions):

	Three Months		Nine Months
	2022	2021	2022	2021
Maximum outstanding aggregate cash proceeds	$36	$110	$66	$110
Average outstanding aggregate cash proceeds	3	65	8	52

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):

	September 30, 2022	December 31, 2021
Customer accounts receivable	$169	$125
Unbilled utility revenues	92	104
Receivables sold to third party	261	229
Less: cash proceeds	1	1
Deferred proceeds	260	228
Less: allowance for expected credit losses	12	14
Fair value of deferred proceeds	$248	$214

As of September 30, 2022, outstanding receivables past due under the Receivables Agreement were $20 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 Months		Nine Months
	2022	2021	2022	2021
Collections	$670	$607	$1,731	$1,589
Write-offs, net of recoveries	3	4	6	7

IPL [Member]

Receivables [Line Items]

Receivables

RECEIVABLESSales 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 September 30, 2022, IPL had $109 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 and nine months ended September 30 were as follows (in millions):

	Three Months		Nine Months
	2022	2021	2022	2021
Maximum outstanding aggregate cash proceeds	$36	$110	$66	$110
Average outstanding aggregate cash proceeds	3	65	8	52

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):

	September 30, 2022	December 31, 2021
Customer accounts receivable	$169	$125
Unbilled utility revenues	92	104
Receivables sold to third party	261	229
Less: cash proceeds	1	1
Deferred proceeds	260	228
Less: allowance for expected credit losses	12	14
Fair value of deferred proceeds	$248	$214

As of September 30, 2022, outstanding receivables past due under the Receivables Agreement were $20 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 Months		Nine Months
	2022	2021	2022	2021
Collections	$670	$607	$1,731	$1,589
Write-offs, net of recoveries	3	4	6	7