Fair Value (Tables)

12 Months Ended

Dec. 31, 2019

Entity Information [Line Items]

Summary of Fair Value Assets and Liabilities Measured on a Recurring Basis, Level 3

The fair value of assets and liabilities at December 31, 2019 measured on a recurring basis and the respective category within the fair value hierarchy for IPALCO was determined as follows:

Assets and Liabilities at Fair Value
			Level 1		Level 2		Level 3
	Fair value at December 31, 2019		Based on quoted market prices in active markets		Other observable inputs		Unobservable inputs
	(In Thousands)
Financial assets:
VEBA investments:
Money market funds	$	25	$	25	$	—	$	—
Mutual funds	2,854		—		2,854		—
Total VEBA investments	2,879		25		2,854		—
Financial transmission rights	864		—		—		864
Total financial assets measured at fair value	$	3,743	$	25	$	2,854	$	864
Financial liabilities:
Interest rate hedges	$	26,560	$	—	$	26,560	$	—
Total financial liabilities measured at fair value	$	26,560	$	—	$	26,560	$	—

The fair value of assets and liabilities at December 31, 2018 measured on a recurring basis and the respective category within the fair value hierarchy for IPALCO was determined as follows:

Assets and Liabilities at Fair Value
			Level 1		Level 2		Level 3
	Fair value at December 31, 2018		Based on quoted market prices in active markets		Other observable inputs		Unobservable inputs
	(In Thousands)
Financial assets:
VEBA investments:
Money market funds	$	21	$	21	$	—	$	—
Mutual funds	2,565		—		2,565		—
Total VEBA investments	2,586		21		2,565		—
Financial transmission rights	3,099		—		—		3,099
Total financial assets measured at fair value	$	5,685	$	21	$	2,565	$	3,099
Financial liabilities:
Other derivative liabilities	$	53	$	—	$	—	$	53
Total financial liabilities measured at fair value	$	53	$	—	$	—	$	53

Reconciliation of Financial Instruments Classified as Level 3

The following table sets forth a roll forward of financial instruments, measured at fair value on a recurring basis, classified as Level 3 in the fair value hierarchy (note, amounts in this table indicate carrying values, which approximate fair values):

	Reconciliation of Financial Instruments Classified as Level 3
	(In Thousands)
Balance at January 1, 2018	$	2,454
Unrealized gain recognized in earnings	24
Issuances	9,295
Settlements	(8,727		)
Balance at December 31, 2018	$	3,046
Unrealized gain recognized in earnings	53
Issuances	2,846
Settlements	(5,081		)
Balance at December 31, 2019	$	864

Schedule of Face and Fair Value of Debt

The following table shows the face value and the fair value of fixed-rate and variable-rate indebtedness (Level 2) for the periods ending:

	December 31, 2019				December 31, 2018
	Face Value		Fair Value		Face Value		Fair Value
	(In Thousands)
Fixed-rate	$	2,523,800	$	2,876,140	$	2,523,800	$	2,649,265
Variable-rate	155,000		155,000		155,000		155,000
Total indebtedness	$	2,678,800	$	3,031,140	$	2,678,800	$	2,804,265

Indianapolis Power And Light Company

Entity Information [Line Items]

Fair Value Assets And Liabilities Measured On A Recurring Basis Unobservable Inputs [Table Text Block]

The fair value of assets and liabilities at December 31, 2019 measured on a recurring basis and the respective category within the fair value hierarchy for IPL was determined as follows:

Assets and Liabilities at Fair Value
			Level 1		Level 2		Level 3
	Fair value at December 31, 2019		Based on quoted market prices in active markets		Other observable inputs		Unobservable inputs
	(In Thousands)
Financial assets:
VEBA investments:
Money market funds	$	25	$	25	$	—	$	—
Mutual funds	2,854		—		2,854		—
Total VEBA investments	2,879		25		2,854		—
Financial transmission rights	864		—		—		864
Total financial assets measured at fair value	$	3,743	$	25	$	2,854	$	864

The fair value of assets and liabilities at December 31, 2018 measured on a recurring basis and the respective category within the fair value hierarchy for IPL was determined as follows:

Assets and Liabilities at Fair Value
			Level 1		Level 2		Level 3
	Fair value at December 31, 2018		Based on quoted market prices in active markets		Other observable inputs		Unobservable inputs
	(In Thousands)
Financial assets:
VEBA investments:
Money market funds	$	21	$	21	$	—	$	—
Mutual funds	2,565		—		2,565		—
Total VEBA investments	2,586		21		2,565		—
Financial transmission rights	3,099		—		—		3,099
Total financial assets measured at fair value	$	5,685	$	21	$	2,565	$	3,099
Financial liabilities:
Other derivative liabilities	$	53	$	—	$	—	$	53
Total financial liabilities measured at fair value	$	53	$	—	$	—	$	53

Reconciliation of Financial Instruments Classified as Level 3

The following table sets forth a roll forward of financial instruments, measured at fair value on a recurring basis, classified as Level 3 in the fair value hierarchy (note, amounts in this table indicate carrying values, which approximate fair values):

	Reconciliation of Financial Instruments Classified as Level 3
	(In Thousands)
Balance at January 1, 2018	$	2,454
Unrealized gain recognized in earnings	24
Issuances	9,295
Settlements	(8,727		)
Balance at December 31, 2018	3,046
Unrealized gain recognized in earnings	53
Issuances	2,846
Settlements	(5,081		)
Balance at December 31, 2019	$	864

Schedule of Face and Fair Value of Debt

The following table shows the face value and the fair value of fixed-rate and variable-rate indebtedness (Level 2) for the periods ending: 

	December 31, 2019				December 31, 2018
	Face Value		Fair Value		Face Value		Fair Value
	(In Thousands)
Fixed-rate	$	1,713,800	$	2,049,758	$	1,713,800	$	1,846,916
Variable-rate	90,000		90,000		90,000		90,000
Total indebtedness	$	1,803,800	$	2,139,758	$	1,803,800	$	1,936,916