Receivables

9 Months Ended

Sep. 30, 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 September 30, 2019, IPL had $109 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 and nine months ended September 30 were as follows (in millions):

	Three Months				Nine Months
	2019		2018		2019		2018
Maximum outstanding aggregate cash proceeds		$103.0		$110.0		$108.0		$116.0
Average outstanding aggregate cash proceeds	45.4		36.4		42.9		49.8

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

	September 30, 2019		December 31, 2018
Customer accounts receivable		$154.2		$140.1
Unbilled utility revenues	92.1		97.1
Other receivables	0.4		0.1
Receivables sold to third party	246.7		237.3
Less: cash proceeds	1.0		108.0
Deferred proceeds	245.7		129.3
Less: allowance for doubtful accounts	8.7		9.9
Fair value of deferred proceeds		$237.0		$119.4

As of September 30, 2019, outstanding receivables past due under the Receivables Agreement were $26.6 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three and nine months ended September 30 were as follows (in millions):

	Three Months				Nine Months
	2019		2018		2019		2018
Collections		$592.2		$549.5		$1,635.7		$1,550.2
Write-offs, net of recoveries	3.2		4.9		11.3		12.9

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 September 30, 2019, IPL had $109 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 and nine months ended September 30 were as follows (in millions):

	Three Months				Nine Months
	2019		2018		2019		2018
Maximum outstanding aggregate cash proceeds		$103.0		$110.0		$108.0		$116.0
Average outstanding aggregate cash proceeds	45.4		36.4		42.9		49.8

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

	September 30, 2019		December 31, 2018
Customer accounts receivable		$154.2		$140.1
Unbilled utility revenues	92.1		97.1
Other receivables	0.4		0.1
Receivables sold to third party	246.7		237.3
Less: cash proceeds	1.0		108.0
Deferred proceeds	245.7		129.3
Less: allowance for doubtful accounts	8.7		9.9
Fair value of deferred proceeds		$237.0		$119.4

As of September 30, 2019, outstanding receivables past due under the Receivables Agreement were $26.6 million. Additional attributes of IPL’s receivables sold under the Receivables Agreement for the three and nine months ended September 30 were as follows (in millions):

	Three Months				Nine Months
	2019		2018		2019		2018
Collections		$592.2		$549.5		$1,635.7		$1,550.2
Write-offs, net of recoveries	3.2		4.9		11.3		12.9