Receivables

3 Months Ended

Mar. 31, 2019

Receivables [Line Items]

Receivables

RECEIVABLES

Sales of Accounts Receivable - IPL maintains a Receivables Purchase and Sale Agreement (Receivables Agreement) whereby it may sell its customer accounts receivables, unbilled revenues and certain other accounts receivables to a third party through wholly-owned and consolidated special purpose entities. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. As of March 31, 2019, IPL had $21.0 million of available capacity under its sales of accounts receivable program. IPL’s maximum and average outstanding cash proceeds (based on daily outstanding balances) related to the sales of accounts receivable program for the three months ended March 31 were as follows (in millions):

	2019		2018
Maximum outstanding aggregate cash proceeds		$108.0		$116.0
Average outstanding aggregate cash proceeds	81.0		61.1

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):

	March 31, 2019		December 31, 2018
Customer accounts receivable		$169.9		$140.1
Unbilled utility revenues	86.8		97.1
Other receivables	0.1		0.1
Receivables sold to third party	256.8		237.3
Less: cash proceeds	69.0		108.0
Deferred proceeds	187.8		129.3
Less: allowance for doubtful accounts	9.5		9.9
Fair value of deferred proceeds		$178.3		$119.4

As of March 31, 2019, outstanding receivables past due under the Receivables Agreement were $38.8 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three months ended March 31 were as follows (in millions):

	2019		2018
Collections		$555.8		$517.0
Write-offs, net of recoveries	5.5		6.1

IPL [Member]

Receivables [Line Items]

Receivables

RECEIVABLES

Sales of Accounts Receivable - IPL maintains a Receivables Purchase and Sale Agreement (Receivables Agreement) whereby it may sell its customer accounts receivables, unbilled revenues and certain other accounts receivables to a third party through wholly-owned and consolidated special purpose entities. The transfers of receivables meet the criteria for sale accounting established by the transfer of financial assets accounting rules. As of March 31, 2019, IPL had $21.0 million of available capacity under its sales of accounts receivable program. IPL’s maximum and average outstanding cash proceeds (based on daily outstanding balances) related to the sales of accounts receivable program for the three months ended March 31 were as follows (in millions):

	2019		2018
Maximum outstanding aggregate cash proceeds		$108.0		$116.0
Average outstanding aggregate cash proceeds	81.0		61.1

The attributes of IPL’s receivables sold under the Receivables Agreement were as follows (in millions):

	March 31, 2019		December 31, 2018
Customer accounts receivable		$169.9		$140.1
Unbilled utility revenues	86.8		97.1
Other receivables	0.1		0.1
Receivables sold to third party	256.8		237.3
Less: cash proceeds	69.0		108.0
Deferred proceeds	187.8		129.3
Less: allowance for doubtful accounts	9.5		9.9
Fair value of deferred proceeds		$178.3		$119.4

As of March 31, 2019, outstanding receivables past due under the Receivables Agreement were $38.8 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three months ended March 31 were as follows (in millions):

	2019		2018
Collections		$555.8		$517.0
Write-offs, net of recoveries	5.5		6.1