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Debt (Tables)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Entity Information [Line Items]    
Schedule Long-Term Indebtedness
The following table presents our long-term debt:
  December 31,
SeriesDue20202019
   (In Thousands)
IPL first mortgage bonds:  
3.875% (1)
August 2021$55,000 $55,000 
3.875% (1)
August 202140,000 40,000 
3.125% (1)
December 202440,000 40,000 
6.60%January 2034100,000 100,000 
6.05%October 2036158,800 158,800 
6.60%June 2037165,000 165,000 
4.875%November 2041140,000 140,000 
4.65%June 2043170,000 170,000 
4.50%June 2044130,000 130,000 
4.70%September 2045260,000 260,000 
4.05%May 2046350,000 350,000 
4.875%November 2048105,000 105,000 
0.75% (2)
April 202630,000 — 
0.95% (2)
April 202660,000 — 
Unamortized discount – net(6,006)(6,156)
Deferred financing costs  (17,384)(16,629)
Total IPL first mortgage bonds1,780,410 1,691,015 
IPL unsecured debt:
Variable (3)
December 2020— 30,000 
Variable (3)
December 2020— 60,000 
Deferred financing costs— (114)
Total IPL unsecured debt 89,886 
Total long-term debt – IPL1,780,410 1,780,901 
Long-term debt – IPALCO:  
Term LoanJuly 2020— 65,000 
3.45% Senior Secured Notes
July 2020— 405,000 
3.70% Senior Secured Notes
September 2024405,000 405,000 
4.25% Senior Secured Notes
May 2030475,000 — 
Unamortized discount – net  (625)(313)
Deferred financing costs  (8,600)(3,959)
Total long-term debt – IPALCO870,775 870,728 
Total consolidated IPALCO long-term debt2,651,185 2,651,629 
Less: current portion of long-term debt94,907 559,199 
Net consolidated IPALCO long-term debt$2,556,278 $2,092,430 

(1)First mortgage bonds issued to the Indiana Finance Authority, to secure the loan of proceeds from tax-exempt bonds issued by the Indiana Finance Authority.
(2)Unsecured notes issued to the Indiana Finance Authority by IPL to facilitate the loan of proceeds from various tax-exempt notes issued by the Indiana Finance Authority.
 
Schedule Of Maturities On Long-Term Indebtedness  
Maturities on long-term indebtedness subsequent to December 31, 2020, are as follows:
YearAmount
 (In Thousands)
2021$95,000 
2022— 
2023— 
2024445,000 
2025— 
Thereafter2,143,800 
Total$2,683,800 
Indianapolis Power And Light Company    
Entity Information [Line Items]    
Schedule Long-Term Indebtedness
The following table presents IPL’s long-term debt:
  December 31,
SeriesDue20202019
  (In Thousands)
IPL first mortgage bonds:  
3.875% (1)
August 2021$55,000 $55,000 
3.875% (1)
August 202140,000 40,000 
3.125% (1)
December 202440,000 40,000 
6.60%January 2034100,000 100,000 
6.05%October 2036158,800 158,800 
6.60%June 2037165,000 165,000 
4.875%November 2041140,000 140,000 
4.65%June 2043170,000 170,000 
4.50%June 2044130,000 130,000 
4.70%September 2045260,000 260,000 
4.05%May 2046350,000 350,000 
4.875%November 2048105,000 105,000 
0.75% (2)
April 202630,000 — 
0.95% (2)
April 202660,000 — 
Unamortized discount – net(6,006)(6,156)
Deferred financing costs (17,384)(16,629)
Total IPL first mortgage bonds1,780,410 1,691,015 
IPL unsecured debt:
Variable (3)
December 2020— 30,000 
Variable (3)
December 2020— 60,000 
Deferred financing costs— (114)
Total IPL unsecured debt— 89,886 
Total consolidated IPL long-term debt1,780,410 1,780,901 
Less: current portion of long-term debt94,907 89,886 
Net consolidated IPL long-term debt$1,685,503 $1,691,015 

(1)First mortgage bonds issued to the Indiana Finance Authority, to secure the loan of proceeds from tax-exempt bonds issued by the Indiana Finance Authority.
(2)Unsecured notes issued to the Indiana Finance Authority by IPL to facilitate the loan of proceeds from various tax-exempt notes issued by the Indiana Finance Authority.
 
Schedule Of Maturities On Long-Term Indebtedness  
Maturities on long-term indebtedness subsequent to December 31, 2020, are as follows:
YearAmount
 (In Thousands)
2021$95,000 
2022— 
2023— 
202440,000 
2025— 
Thereafter1,668,800 
Total$1,803,800