XML 35 R22.htm IDEA: XBRL DOCUMENT v3.24.3
Fair Value (Tables)
 9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The fair value of assets and liabilities at September 30, 2024 and December 31, 2023 measured on a recurring basis and the respective category within the fair value hierarchy for IPALCO was determined as follows:

Fair Value as of September 30, 2024Fair Value as of December 31, 2023
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
(In Thousands)
Financial assets:
VEBA investments:
     Money market funds$83 $— $— $83 $127 $— $— $127 
     Mutual funds3,855 — — 3,855 3,425 — — 3,425 
          Total VEBA investments3,938 — — 3,938 3,552 — — 3,552 
FTRs— — 2,817 2,817 — — 1,388 1,388 
Interest rate hedges— — — — — 14,294 — 14,294 
Total financial assets measured at fair value$3,938 $— $2,817 $6,755 $3,552 $14,294 $1,388 $19,234 
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:  
 September 30, 2024December 31, 2023
 Face ValueFair ValueFace ValueFair Value
 (In Thousands)
Fixed-rate$3,678,800 $3,644,584 $3,033,800 $2,860,467 
Variable-rate350,000 350,000 455,000 455,000 
Total indebtedness$4,028,800 $3,994,584 $3,488,800 $3,315,467 
Fair Value, Assets Measured on Recurring Basis
The following table presents 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):

Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(In Thousands)
Beginning Balance$3,968 $3,294 $1,388 $7,545 
Issuances— — 3,811 3,624 
Settlements(1,151)(943)(2,382)(8,818)
Ending Balance$2,817 $2,351 $2,817 $2,351