Business Segment Information

12 Months Ended

Dec. 31, 2015

Entity Information [Line Items]

Business Segment Information

BUSINESS SEGMENT INFORMATION

Operating segments are components of an enterprise that engage in business activities from which it may earn revenues and incur expenses, for which separate financial information is available, and is evaluated regularly by the chief operating decision maker in assessing performance and deciding how to allocate resources. Substantially all of our business consists of the generation, transmission, distribution and sale of electric energy conducted through IPL which is a vertically integrated electric utility. IPALCO’s reportable business segment is its utility segment, with all other non-utility business activities aggregated separately. The non-utility category primarily includes the 2018 IPALCO Notes and the 2020 IPALCO Notes; approximately $1.7 million and $5.9 million of cash and cash equivalents, as of December 31, 2015 and 2014, respectively; long-term investments of $5.2 million and $5.1 million at December 31, 2015 and 2014, respectively; and income taxes and interest related to those items. All other assets represented less than 1% of IPALCO’s total assets as of December 31, 2015 and 2014. The accounting policies of the identified segment are consistent with those policies and procedures described in the summary of significant accounting policies. Intersegment sales, if any, are generally based on prices that reflect the current market conditions.

The following table provides information about IPALCO’s business segments (in millions):

	2015						2014						2013
	Utility		All Other		Total		Utility		All Other		Total		Utility		All Other		Total
Operating revenues	$	1,250	—		$	1,250	$	1,322	—		$	1,322	$	1,256	—		$	1,256
Depreciation and amortization	188		—		188		185		—		185		182		—		182
Income taxes	56		(25	)	32		69		(21	)	48		58		(20	)	38
Net income	102		(42	)	60		110		(32	)	78		97		(33	)	64
Utility plant - net of depreciation	3,451		—		3,451		2,857		—		2,857		2,553		—		2,553
Capital expenditures	686		—		686		382		—		382		242		—		242

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Indianapolis Power And Light Company [Member]

Entity Information [Line Items]

Business Segment Information

BUSINESS SEGMENT INFORMATION

Operating segments are components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in assessing performance and deciding how to allocate resources. All of IPL’s current business consists of the generation, transmission, distribution and sale of electric energy, and therefore IPL had only one reportable segment.