Revenue (Notes)

9 Months Ended

Sep. 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 $371.6 million and $350.5 million for the three months ended September 30, 2021 and 2020, respectively, and $1,043.8 million and $1,004.8 million for the nine months ended September 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
	September 30, 2021		September 30, 2020
Retail Revenues
Retail revenue from contracts with customers:
Residential	$	158,806	$	145,407
Small commercial and industrial	56,220		50,023
Large commercial and industrial	143,871		127,884
Public lighting	2,270		2,268
Other (1)	4,206		3,875
Total retail revenue from contracts with customers	365,373		329,457
Alternative revenue programs	8,806		5,225
Wholesale Revenues
Wholesale revenues from contracts with customers:	2,733		17,667
Miscellaneous Revenues
Transmission and other revenue from contracts with customers	3,494		3,331
Other miscellaneous revenues (2)	431		408
Total Revenues	$	380,837	$	356,088

(1)Other retail revenue from contracts with customers includes miscellaneous charges to customers, including reconnection and late fee charges

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

	For the Nine Months Ended		For the Nine Months Ended
	September 30, 2021		September 30, 2020
Retail Revenues
Retail revenue from contracts with customers:
Residential	$	448,563	$	428,568
Small commercial and industrial	158,945		147,678
Large commercial and industrial	384,320		369,224
Public lighting	6,726		6,881
Other (1)	12,572		10,568
Total retail revenue from contracts with customers	1,011,126		962,919
Alternative revenue programs	28,111		18,910
Wholesale Revenues
Wholesale revenues from contracts with customers:	23,760		33,476
Miscellaneous Revenues
Transmission and other revenue from contracts with customers	8,867		8,392
Other miscellaneous revenues (2)	1,761		1,276
Total Revenues	$	1,073,625	$	1,024,973

(1)Other retail revenue from contracts with customers includes miscellaneous charges to customers, including reconnection and late fee charges

(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 $166.4 million and $163.8 million as of September 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

September 30, 2021 and December 31, 2020, respectively. During the three months ended September 30, 2021 and 2020, we recognized revenue of $0.0 million and $0.3 million related to this contract liability balance, respectively. During the nine months ended September 30, 2021 and 2020, we recognized revenue of $0.5 million and $1.0 million related to this contract liability balance, respectively.