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Receivables
 6 Months Ended
Jun. 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 May 2024, the limit on cash proceeds under the Receivables Agreement was changed to $110 million. As of June 30, 2024, IPL had $65 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
2024202320242023
Maximum outstanding aggregate cash proceeds$110$110$110$110
Average outstanding aggregate cash proceeds731014879
The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
June 30, 2024December 31, 2023
Customer accounts receivable$131$130
Unbilled utility revenues9498
Other receivables21
Receivables sold to third party227229
Less: cash proceeds451
Deferred proceeds182228
Less: allowance for expected credit losses1112
Fair value of deferred proceeds$171$216

As of June 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 six months ended June 30 were as follows (in millions):
Three MonthsSix Months
2024202320242023
Collections$456$514$1,013$1,104
Write-offs, net of recoveries2254

Effective July 2024, the limit on cash proceeds under the Receivables Agreement was changed to $60 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. 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 May 2024, the limit on cash proceeds under the Receivables Agreement was changed to $110 million. As of June 30, 2024, IPL had $65 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
2024202320242023
Maximum outstanding aggregate cash proceeds$110$110$110$110
Average outstanding aggregate cash proceeds731014879
The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):
June 30, 2024December 31, 2023
Customer accounts receivable$131$130
Unbilled utility revenues9498
Other receivables21
Receivables sold to third party227229
Less: cash proceeds451
Deferred proceeds182228
Less: allowance for expected credit losses1112
Fair value of deferred proceeds$171$216

As of June 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 six months ended June 30 were as follows (in millions):
Three MonthsSix Months
2024202320242023
Collections$456$514$1,013$1,104
Write-offs, net of recoveries2254

Effective July 2024, the limit on cash proceeds under the Receivables Agreement was changed to $60 million.