Revenue (Notes)

6 Months Ended

Jun. 30, 2021

Revenue from External Customer [Line Items]

Revenue from Contract with Customer [Text Block]

REVENUERevenue is primarily earned from retail and wholesale electricity sales and electricity transmission and distribution delivery services. Revenue is recognized upon transfer of control of promised goods or services to customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. Revenue is recorded net of any taxes assessed on and collected from customers, which are remitted to the governmental authorities. Please see Note 13, “Revenue” to IPALCO’s 2020 Form 10-K for further discussion of our retail, wholesale and miscellaneous revenues.

AES Indiana’s revenue from contracts with customers was $318.5 million and $302.4 million for the three months ended June 30, 2021 and 2020, respectively, and $672.2 million and $654.3 million for the six months ended June 30, 2021 and 2020, respectively. The following table presents our revenue from contracts with customers and other revenue (in thousands):

	For the Three Months Ended		For the Three Months Ended
	June 30, 2021		June 30, 2020
Retail Revenues
Retail revenue from contracts with customers:
Residential	$	129,254	$	127,752
Small commercial and industrial	48,208		43,402
Large commercial and industrial	127,009		119,302
Public lighting	2,270		2,309
Other (1)	4,175		2,805
Total retail revenue from contracts with customers	310,916		295,570
Alternative revenue programs	11,710		8,789
Wholesale Revenues
Wholesale revenues from contracts with customers:	4,918		4,501
Miscellaneous Revenues
Transmission and other revenue from contracts with customers	2,692		2,329
Other miscellaneous revenues (2)	351		314
Total Revenues	$	330,587	$	311,503

(1)Other retail revenue from contracts with customers includes miscellaneous charges to customers

(2)Other miscellaneous revenue includes lease and other miscellaneous revenues not accounted for under ASC 606

	For the Six Months Ended		For the Six Months Ended
	June 30, 2021		June 30, 2020
Retail Revenues
Retail revenue from contracts with customers:
Residential	$	289,757	$	283,161
Small commercial and industrial	102,725		97,655
Large commercial and industrial	240,449		241,340
Public lighting	4,456		4,614
Other (1)	8,366		6,693
Total retail revenue from contracts with customers	645,753		633,463
Alternative revenue programs	19,305		13,684
Wholesale Revenues
Wholesale revenues from contracts with customers:	21,027		15,809
Miscellaneous Revenues
Transmission and other revenue from contracts with customers	5,373		5,061
Other miscellaneous revenues (2)	1,330		868
Total Revenues	$	692,788	$	668,885

(1)Other retail revenue from contracts with customers includes miscellaneous charges to customers

(2)Other miscellaneous revenue includes lease and other miscellaneous revenues not accounted for under ASC 606

The balances of receivables from contracts with customers were $149.8 million and $163.8 million as of June 30, 2021 and December 31, 2020, respectively. Payment terms for all receivables from contracts with customers typically do not extend beyond 30 days.

Contract Balances — The timing of revenue recognition, billings, and cash collections results in accounts receivable and contract liabilities. The contract liabilities from contracts with customers were $0.0 million and $0.5 million as of June 30, 2021 and December 31, 2020, respectively. During the three months ended June 30, 2021 and 2020, we recognized revenue of $0.2 million and $0.3 million related to this contract liability balance, respectively. During the

six months ended June 30, 2021 and 2020, we recognized revenue of $0.5 million and $0.7 million related to this contract liability balance, respectively.