XML 36 R21.htm IDEA: XBRL DOCUMENT v3.25.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
Related Party Transaction [Line Items]  
Allowance For Funds Used During Construction / Capitalized Interest
AES Ohio capitalizes an allowance for the net cost of funds (interest on borrowed funds and a reasonable rate of return on equity funds) used for construction purposes during the period of construction with a corresponding credit to income. During the three and six months ended June 30, 2025 and 2024, AFUDC equity and AFUDC debt were as follows:
Three months endedSix months ended
June 30,June 30,
$ in millions2025202420252024
AFUDC equity$0.1 $2.2 $0.1 $4.0 
AFUDC debt$1.5 $2.4 $2.9 $4.5 
Schedule of Accumulated Other Comprehensive Income (Loss)
The changes in the components of AOCI / AOCL during the six months ended June 30, 2025 are as follows:
$ in millionsChange in cash flow hedgesChange in unfunded pension and other postretirement obligationsTotal
Balance as of January 1, 2025$10.4 $(15.7)$(5.3)
Amounts reclassified from AOCI / AOCL to earnings(0.4)0.2 (0.2)
Reclassification of AOCI from sale of redeemable stock of subsidiaries
— 2.7 2.7 
DPL LLC conversion tax transfer to Parent (Note 1 and Note 6)
7.99.617.5 
Balance as of June 30, 2025$17.9 $(3.2)$14.7 
Schedule of Supplemental Financial Information
The following table summarizes accounts receivable as of June 30, 2025 and December 31, 2024:
$ in millionsJune 30, 2025December 31, 2024
Accounts receivable, net:
Customer receivables$101.7 $79.8 
Unbilled revenue28.6 24.1 
Amounts due from affiliates 3.1 3.0 
Other13.8 6.0 
Allowance for credit losses(10.1)(6.1)
Total accounts receivable, net$137.1 $106.8 
Accounts Receivable, Allowance for Credit Loss
The following table is a roll forward of our allowance for credit losses related to the accounts receivable balances for the six months ended June 30, 2025 and 2024:
Six months ended
June 30,
$ in millions20252024
Allowance for credit losses:
Beginning balance$6.1 $0.9 
Current period provision3.6 2.3 
Write-offs charged against allowance(0.3)(2.7)
Recoveries and account write-ons0.7 0.5 
Ending balance$10.1 $1.0 

The allowance for credit losses primarily relates to utility customer receivables, including unbilled amounts. Expected credit loss estimates are developed by disaggregating customers into those with similar credit risk characteristics and using historical credit loss experience. In addition, we also consider how current and future economic conditions are expected to impact collectability, as applicable, of our receivables balance. Amounts are written off when reasonable collections efforts have been exhausted. The current period provision and allowance for credit losses has increased due to a temporary pause of customer disconnections and certain collection efforts and write-off processes after the implementation of our customer billing system upgrade in the third quarter of 2024. AES Ohio reinstituted the customer disconnections process and collection efforts and write-off processes in late June 2025.
New Accounting Pronouncements, Policy [Policy Text Block]
New Accounting Pronouncements Issued But Not Yet Effective
The following table provides a brief description of recent accounting pronouncements that could have an impact on our consolidated financial statements. Accounting pronouncements not listed below were assessed and determined to be either not applicable or are expected to have no material impact on our consolidated financial statements.
Schedule of Cash and Cash Equivalents [Table Text Block]
The following table summarizes cash, cash equivalents, and restricted cash amounts reported on the Condensed Consolidated Balance Sheets that reconcile to the total of such amounts as shown on the Condensed Consolidated Statements of Cash Flows:
$ in millionsJune 30, 2025December 31, 2024
Cash and cash equivalents$70.1 $54.0 
Restricted cash (included in Prepayments and other current assets)
0.1 0.1 
Total cash, cash equivalents and restricted cash$70.2 $54.1 
Schedule of New Accounting Pronouncements
New Accounting Pronouncements Issued But Not Yet Effective
The following table provides a brief description of recent accounting pronouncements that could have an impact on our consolidated financial statements. Accounting pronouncements not listed below were assessed and determined to be either not applicable or are expected to have no material impact on our consolidated financial statements.